ARCELIK R&D

Research and Development activities in the white good and TV sectors to support energy efficiency and innovative technologies applied to new products.

The project concerns the Group’s research and development (R&D) activities over the period 2012-2015. The activities will mainly take place in its central R&D Centre in Tuzla, between Istanbul and Gebze.

The project concerns investments in research and development that are expected to be carried out in existing facilities already used for similar activities, and would therefore not require an Environmental Impact Assessment according the Directive 2011/92/EU if located in the EU. Any possible environmental issues, including the coherence with the principles underlying the EU directives, will however be verified during the project’s appraisal.

This project is undertaken by a private sector promoter, not working in the utilities sector. The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank’s Guide to Procurement and the relevant applicable EU public procurement rules.

The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.