MADISON, Wis.—Worldwide Foundation for Credit Unions (WFCU) is providing a $30,100 grant to Tarim Kredi (Agricultural Credit Cooperatives of Turkey) through the Turkish Cooperative Earthquake Relief Fund to purchase over 40 air conditioners that will allow for safer conditions for 126 workers and 20,489 members impacted by the devastating February 6 earthquakes.
MADISON, Wis.—Worldwide Foundation for Credit Unions (WFCU) is providing a $41,000 grant to Tarim Kredi (Agricultural Credit Cooperatives of Turkey) for the purchase of ten portable office units that will allow some of their credit cooperatives to resume operations halted since two February 6 earthquakes caused significant damage to their permanent structures.
Turkish Farmers Eye $3 Billion Profit Jackpot From Gold Find
Bloomberg 12/24/2020 Tugce Ozsoy
(Bloomberg) A Turkish fertilizer producer expects to net $3 billion of profit from a recent gold discovery that may allow its parent company to fulfill its ambitions of starting an Islamic bank.
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Those earnings would be more than five times the annual sales of Gubretas, which earlier this month announced it found 3.5 million troy ounces of gold reserves worth about $6 billion at current prices.
The bullion will be extracted by its 75%-owner Agricultural Credit Cooperatives with the help of external experts, said Fahrettin Poyraz, Gubretas’s chairman and chief executive officer of the cooperative known as Tarim Kredi. He didn’t disclose a time line of the earnings expected to flow from the project.