European bank to loan Turkish honey producer

The European Bank for Reconstruction and Development (EBRD) provided over a $5.3 million loan to Turkish honey producer Altıparmak Gıda, the EBRD said Friday.

"The funds will allow Altıparmak Gıda to enhance its natural honey and bee product range," the EBRD said in a statement.

Arvid Tuerkner, the EBRD managing director for Turkey, said the financing would help the company strengthen its brandname and increase its sales in Turkey and overseas through research and development.