ISTANBUL, April 25, 2025 /PRNewswire/ — Rönesans Holding, one of Europe’s leading contracting and investment groups, has initiated one of the largest private sector investments in Türkiye to date: the construction of a new Polypropylene (PP) Production Plant and Liquid Bulk Terminal in Ceyhan. With a total investment of $2 billion, these strategic projects aim to increase Türkiye’s industrial self-sufficiency, reduce foreign dependency, and enhance the country’s position in global trade.

Dr. Erman Ilıcak, Honorary President of Rönesans Holding, said: “Once operational, these projects will directly contribute USD 300 million annually to reducing Türkiye’s current account deficit.”

Rönesans Holding recently announced that it has secured total of $1.3 billion in financing for these projects –from the U.S. International Development Finance Corporation (DFC) and Spain’s Export Credit Agency (Cesce).

Dr. Ilıcak highlighted the group’s longstanding role in advancing Türkiye’s economy through value-added projects: “Our story began with international contracting services. To date, we have undertaken projects worth a total of USD 50 billion. Seventy per cent of this, approximately USD 35 billion, was carried out abroad, and we have pioneered many firsts in the world in this field. We have worked on a wide range of projects, from Europe’s longest tunnel to its tallest building, from the world’s largest GTG facility to the world’s largest seismically isolated building. Following this, we became a large-scale investment holding company operating in real estate, social infrastructure, renewable energy, and more recently, industrial facilities. Over the past 15 years, with the significant contributions of stakeholders such as the World Bank’s investment arm IFC and the EBRD, we have structured our business in line with sustainable development goals.”

He continued: “Our model is centred on developing the right project with the right partners, and delivering it at the right time. We have successfully implemented this model with partners such as Singapore’s sovereign wealth fund GIC, Meridiam Infrastructure from France, Japan’s Sojitz, Samsung C&T, and TotalEnergies. Together, we have completed $10 billion worth of investments in Türkiye. These initiatives have laid the foundation for broader transformation, and we will continue to focus on projects that help reduce our country’s trade gap.”

Ceyhan Projects Developed with Expertise from 12 Countries

Reflecting on shifting global economic trends, Dr. Ilıcak said: “Protectionism is increasing, and supply chains are being reshaped. Energy and production are becoming localised. This transformation holds significant opportunities for countries like ours. In particular, strategic heavy industry investments are needed to reduce the foreign trade deficit arising due to imports of industrial machinery, plastics and chemicals, as well as industrial and precious metals. Over the past 10 years, industrial investments totalling approximately USD 20 billion have been made in Türkiye, including projects worth over USD 500 million. But this is not enough.”

He further emphasised: “To close the gap, Türkiye needs to allocate at least $12 billion annually over the next five years, totalling $60 billion. If an investment initiative of this scale is undertaken, we could see a USD 15 billion annual increase in GDP and a USD 10 billion reduction in the foreign trade deficit. At Rönesans Holding, we have secured international financing for our Ceyhan Polypropylene Production Facility and Liquid Bulk Terminal investments, totalling USD 2 billion, which serve this very purpose. The construction of these projects, developed in collaboration with expert solution partners from 12 countries, are ongoing. Once operational, these investments will directly contribute USD 300 million annually to reducing Türkiye’s current account deficit.”

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Attracting Foreign Investment Through Strong Partnerships

Dr. Ilıcak also reflected on the importance of international collaborations: “Perhaps the most challenging project we undertook with the EBRD was Türkiye’s transformation in healthcare. The EBRD shared its expertise from around the world. As a result, Türkiye was able to attract USD 15 billion in financing from abroad and carry out its healthcare transformation. We also worked with the IFC for many years on project financing. In difficult conditions, IFC has always stood by our side. We have formed company partnerships with them. Most recently, we have been developing a PPP hospital in Kazakhstan together. In every project we have undertaken, the first question they asked was, ‘What will be the social impact of this?’ Profitability was always the last topic. Those are the reasons why I am grateful to both banks.”

He concluded: “Our relations with Central Asian countries, in particular, have developed substantially. Then, our ties with African countries began to strengthen. Today, Türkiye has become a hub that serves a population ten times its own, meeting needs such as healthcare and education. We closely follow these developments and ensure that growing diplomatic relations are also reflected in trade. We are working to support the progress of Türkiye’s industrialisation initiative. We secure financing from abroad to carry out our projects wherever possible instead of using our country’s limited resources.”

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NEW YORK, April 25, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Yesterday, NYSE President Lynn Martin congratulated newly sworn-in SEC Chairman Paul Atkins, supporting his longstanding views on the markets.

Kristen Scholer delivers the pre-market update on April 25th

• In an article on LinkedIn, NYSE President Lynn Martin wrote that she looks forward to working closely with Atkins and others in Washington D.C. to “create an environment that ensures our capital markets remain the envy of the world.”
• This week’s three-day stock rally is taking a pause early Friday. This comes after the S&P 500 gained 6.3% from Tuesday to Thursday.
• As earnings season ramps up, Alphabet reported better than expected results after the market closed Thursday. Its shares jumped about 5% in extended hours.

Opening Bell
The Arbor Day Foundation celebrates the Arbor Day national holiday, a day to appreciate and acknowledge all that the simple act of planting a tree provides for our communities and ecosystems.

Closing Bell
LogProstyle Inc. (NYSE American: LGPS) celebrates its listing on the New York Stock Exchange

Read NYSE President Lynn Martin’s LinkedIn Article Here

Watch NYSE TV Live every weekday 9:00-10:00am ET

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GEORGE TOWN, Grand Cayman, April 25, 2025 /PRNewswire/ — As the Caribbean navigates a time of global uncertainty and regional transformation, a new leader is rising from the Cayman Islands. André Ebanks, Leader of The Caymanian Community Party (TCCP), brings a compelling blend of global insight and grassroots connection that signals a fresh direction for modern governance in the region.

Ebanks’ career reflects an ideal balance of private sector success and public service. A former legal professional and the Cayman Islands’ Representative to the UK and Europe, he went on to serve as Deputy Premier. His leadership is marked by a rare combination of intellect, diplomacy, and authentic community engagement, positioning him as a standout figure in Caribbean politics.

What sets Ebanks apart is his ability to bridge global and local priorities. Equally at home in international finance circles and local community gatherings, he offers an innovative yet grounded approach. His focus remains on improving the lives of Caymanians—especially children, families, and the elderly—while also navigating the demands of a sophisticated, service-based economy.

Under his leadership, the TCCP has formed a diverse and balanced team that reflects the evolving identity of the Cayman Islands. With an even gender split—five women and five men—the team includes well-known leaders such as former Premier Wayne Panton, former Speaker Katherine Ebanks-Wilks, Ministers like Sabrina Turner and Osbourne Bodden, and a respected Parliamentary Secretary in Heather Bodden. They are joined by new voices including Robert Bodden, Emily DeCou, Anthony Ramoon, and Natasha Whitelocke.

“Our vision is clear,” says Ebanks. “Cayman can lead not only in financial services, but also in social innovation, environmental responsibility, and inclusive economic growth. The key is embracing change, while holding fast to our values.”

The TCCP’s platform is comprehensive and action-oriented, tackling Cayman’s most pressing issues—rising living costs, housing shortages, education reform, and immigration policy. Their proposals emphasize economic innovation, strong governance, and anti-corruption, aiming to create a more equitable and sustainable society.

As the April 30th elections draw near, the rise of Ebanks and the TCCP signals more than a potential shift in power. It reflects a larger movement toward a Caribbean future shaped by vision, optimism and integrity.  Their approach combines ambition with a track record of delivery, offering hope not only to Caymanians but to the broader region.

This evolving leadership model—rooted in both experience and innovation—could provide a blueprint for the Caribbean as it seeks to meet the demands of the 21st century. In André Ebanks, the Cayman Islands may have found not just a national leader, but a regional symbol of what modern, effective governance can truly look like.

About André Ebanks:
Leader of the Caymanian Community Party and former Deputy Premier, Ebanks is known for combining financial insight with deep community focus, helping to position Cayman as a socially aware global financial hub.

About TCCP:
The Caymanian Community Party is committed to a just, prosperous, and sustainable Cayman through inclusive leadership and forward-thinking policy.

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