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A EUR 55 million loan from the EIB to TOFAS under the EU InnovFin program will increase competitiven

The European Investment Bank (“EIB”) has concluded a EUR 55 million agreement with one of Turkey’s main car manufacturers Türk Otomobil Fabrikası A.Ş. (“TOFAS”) for the R&D project. This is the first EIB loan to a Turkish company within the framework of the InnovFin – EU Finance for Innovators under the EU Horizon 2020 Financial Instruments (“InnovFin”).

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