The European Bank for Reconstruction and Development moved €1.2 billion ($1.4 billion) into Türkiye in the first half of 2026. Six months. And the bank says the second half looks just as busy.
That pace would carry the year close to 2025, when the EBRD invested a record €2.7 billion across 54 projects and Türkiye finished, again, as its largest country of operation by annual investment volume.
"We started 2026 with a strong pipeline, and I'm pleased to see that in the first half of the year, we have already invested €1.2 billion, and the pipeline for the rest of the year is also very strong," EBRD Vice President Matteo Patrone told Anadolu Agency. "So I think we're going to be around the level of investment as last year."
The bank has committed more than €23 billion in Türkiye since it began operating there in 2009, most of it in the private sector. In 2025, 91 percent of what it put in went to private companies rather than the state. Green projects took a large share too. Two thirds of the 2025 total backed the shift to a lower-carbon economy, mostly renewables and decarbonization, and 61 percent went to work that widened opportunities for women.
Patrone singled out one climate effort by name. The Turkish Industrial Decarbonisation Platform, which aims to pull in €5 billion for energy-efficiency and emissions work in heavy industry, will figure at COP31, the UN climate summit expected in Antalya this November.
Some of the money is defensive. Patrone said the EBRD approved a crisis-response package after the latest flare-up in the Middle East, aimed at countries hit directly, Jordan, Lebanon, Iraq and the West Bank, and at ones feeling it secondhand, Türkiye among them. In Türkiye that means liquidity lines for exposed companies and long-term financing for firms that can't raise it elsewhere while capital markets stay jumpy.
He was blunt about the drag. Energy costs have climbed, that feeds inflation, and inflation is still the country's central macroeconomic problem. The disinflation everyone wants, he said, "will take a little bit longer."
Still, his read on Türkiye was warm. He called Türkiye a working nearshoring destination already, pointing to industrial joint ventures in autos, white goods and durable goods, and to a recent EBRD deal with the Tersan Group to build out logistics capacity. Global supply chains are being rerouted, and Türkiye sits on the route.
"Türkiye is in a much more resilient and solid position than it was some time ago," Patrone said, crediting the government's inflation-management policy. He expects the direction of travel to hold.