Tag Archives: EBRD

New covered bonds legislation in Slovak Republic follows EBRD technical assistance project

New legislation follows technical assistance project LONDON, 13-Nov-2017 — /EuropaWire/ — The Slovak Republic has become a pioneer in creating the legal foundations for covered bonds with amendments to the relevant law in line with best practice recommendations by the European Banking Authority … Read the full press release

EBRD to provide US$ 100 million loan to National Bank for Foreign Economic Activity of Uzbekistan (NBU) in support of SMEs

Financing to support small local businesses and stimulate trade LONDON, 10-Nov-2017 — /EuropaWire/ — Demonstrating the EBRD’s return to active support in Uzbekistan, the Bank is providing a major boost to local small and medium-sized businesses in the country, as well as … Read the full press release

EBRD supported Yereymentau Wind Farm in Kazakhstan registered as domestic carbon credit project under the country’s emissions trading system (ETS)

Bank-supported Yereymentau project first under emissions trading system LONDON, 10-Nov-2017 — /EuropaWire/ — The Yereymentau Wind Farm in Kazakhstan, a long-standing partner of the European Bank for Reconstruction and Development, EBRD, has been registered as a domestic carbon credit project under the … Read the full press release

EBRD President Suma Chakrabarti met with European Commission President Jean-Claude Juncker

Focus on cooperation with EU and green finance ahead of December summit LONDON, 10-Nov-2017 — /EuropaWire/ — European Bank for Reconstruction and Development (EBRD) President Sir Suma Chakrabarti held high-level talks with officials from the European Union (EU) on 7 November. President Chakrabarti had meetings … Read the full press release

EBRD opens news office in in Tashkent, Uzbekistan; US$ 120 million for new projects

Bank opens office in Tashkent and provides US$ 120 million for new projects LONDON, 10-Nov-2017 — /EuropaWire/ — Following the launch of a broad reform programme in Uzbekistan, the EBRD is taking its engagement with the Central Asian country to a new … Read the full press release

Banca Transilvania and the EBRD will jointly hold a controlling stake in Moldova’s third-largest bank Victoriabank

First foreign bank investor in Moldovan market in ten years LONDON, 09-Nov-2017 — /EuropaWire/ — Romania’s Banca Transilvania intends to acquire an initial stake of over 39 per cent in Victoriabank, Moldova’s third-largest bank. Banca Transilvania has requested the approval for … Read the full press release

EBRD: joint programme to support energy efficiency investment in the residential housing sector in Bosnia and Herzegovina

Bank and partners step up energy investment in residential housing sector LONDON, 09-Nov-2017 — /EuropaWire/ — The EBRD, the European Union (EU) and the Austrian Federal Ministry of Finance have launched a joint programme to support energy efficiency investment in the residential housing sector in Bosnia … Read the full press release

EBRD to help Croatia update and strengthen its corporate governance code

EBRD supports efforts to develop and implement new code LONDON, 11-Oct-2017 — /EuropaWire/ — The EBRD is lending its support to efforts by the Croatian Financial Services Supervisory Agency (HANFA) and the Zagreb Stock Exchange (ZSE) to update and strengthen the … Read the full press release

EBRD, EU and the UN FAO to help wool and cashmere production in Mongolia

From goat to cashmere coat LONDON, 11-Oct-2017 — /EuropaWire/ — Mongolia’s grasslands are an ideal playground for several million cashmere goats, sheep and yaks. Their world-renown wool means big business: it provides an income for around 400,000 herders, so it should … Read the full press release

EBRD President Sir Suma Chakrabarti to outline bank’s climate finance goals at the World Bank and International Monetary Fund meetings

Climate funding takes 45 per cent share of total investment so far in 2017 LONDON, 11-Oct-2017 — /EuropaWire/ — The President of the European Bank for Reconstruction and Development (EBRD), Sir Suma Chakrabarti, will outline the Bank’s rapid progress towards meeting ambitious … Read the full press release

Croatian Ministry of Justice and the EBRD organised roundtable discussion on bankruptcy legislation in Croatia

Roundtable discussion in Zagreb about improvement of current bankruptcy legislation LONDON, 11-Oct-2017 — /EuropaWire/ — While there has been substantial progress in identifying potential impediments within the bankruptcy legal framework and improving practical implementation of the law, Croatia is committed to making further … Read the full press release

The Green Climate Fund (GCF) to allocate up to US$ 110 million to the EBRD’s Kazakhstan Renewables Framework

Fund to provide up to US$ 110 million for investments in green energy LONDON, 04-Oct-2017 — /EuropaWire/ — The Green Climate Fund (GCF) has approved an allocation of up to US$ 110 million to the EBRD’s Kazakhstan Renewables Framework, an innovative plan to finance … Read the full press release

EBRD President Sir Suma Chakrabarti met with Finland’s Minister of Finance Petteri Orpo

President Chakrabarti visits Helsinki for talks with government and businesses LONDON, 04-Oct-2017 — /EuropaWire/ — EBRD President Sir Suma Chakrabarti has used a visit to Helsinki to express the Bank’s gratitude for the support it enjoys from Finland and to appeal to the … Read the full press release

Jaap Sprey appointed new head of the EBRD Resident Office in Montenegro

Focusing on making economy more competitive, integrated and green LONDON, 04-Oct-2017 — /EuropaWire/ — Jaap Sprey, @SpreyJaap, the new head of the EBRD Resident Office in Montenegro, is taking up his new post in Podgorica today. Mr Sprey previously held the position of … Read the full press release

European Bank for Reconstruction and Development (EBRD) opens office in Alexandria, Egypt

Alexandria team will have major focus on development of small enterprises LONDON, 03-Oct-2017 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) has stepped up its support for the economic development of Egypt, with the opening of an office in … Read the full press release

EBRD invests in green economy in the Western Balkans

Meat and dairy by-products could make regional economies greener LONDON, 25-Sep-2017 — /EuropaWire/ — The EBRD’s Green Economy Transition (GET) approach commits the Bank to raising its investment in the green economy to 40 per cent of annual business volume by 2020. This … Read the full press release

EBRD First VP Bennet meets with Mongolian president, officials

LONDON, 25-Sep-2017 — /EuropaWire/ — EBRD First Vice President Phil Bennett will visit Mongolia next week to meet President Khaltmaagiin Battulga, the interim government and the business community. It will be the first visit of a member of the Bank’s Executive Committee since the adoption … Read the full press release

EBRD expands operations in Morrocco, Bank VP leads ribbon-cutting ceremony

LONDON, 25-Sep-2017 — /EuropaWire/ — The EBRD’s Vice President of Banking, Alain Pilloux, is to visit Morocco from 25 to 29 September for meetings with government officials, businesses and project signings. Mr Pilloux’s visit also marks the expansion of the EBRD’s activities in the … Read the full press release

EBRD receives Choice Covered Bond Award 2017 from Global Capital

More recognition for Bank’s work on developing local capital markets LONDON, 25-Sep-2017 — /EuropaWire/ — The EBRD has been awarded GlobalCapital’s The Cover’s Editor’s Choice Covered Bond Award 2017, the biggest industry award in this area. Bill Thornhill, Editor of The … Read the full press release

EBRD: BBC Ukrainian launches its 13th annual literary prize for the best works of fiction in Ukrainian language

LONDON, 19-Sep-2017 — /EuropaWire/ — BBC Ukrainian has launched its 13th annual literary prize for the best works of fiction in the Ukrainian language – BBC Book of the Year (Книга року BBC 2017) and BBC Children’s Book of the Year (Дитяча … Read the full press release

EBRD to fund 51 MW solar plant in the Al-Safawi area of northern Jordan

US$ 65 million to 51 MW FRV-ATC Al-Safawi Solar Power Plant LONDON, 19-Sep-2017 — /EuropaWire/ — Continuing to support Jordan’s solar programme, the European Bank for Reconstruction and Development (EBRD) is extending a US$ 65 million loan to fund a 51 MW … Read the full press release

EBRD President Sir Suma Chakrabarti praised Ukraine’s progress in the reform process in recent years

Investment climate and anti-corruption efforts discussed at high-level meetings LONDON, 19-Sep-2017 — /EuropaWire/ — EBRD President Sir Suma Chakrabarti concluded a visit to Ukraine on Friday afternoon after meetings with the country’s President Petro Poroshenko, Prime Minister Volodymyr Groyssman and a speech at the … Read the full press release

EBRD-financed 1.5 MW solar power plant in Cyprus sent its first electricity into the national grid

1.5 MW plant in Nisou, unveiled today, is one of five plants which will add 12 per cent to country’s solar capacity LONDON, 03-Aug-2017 — /EuropaWire/ — One of a cluster of five brand new solar plants, financed by the EBRD, … Read the full press release

EBRD to support the largest microfinance institution in Tajikistan

Supporting the development of women’s entrepreneurship and of agribusiness LONDON, 03-Aug-2017 — /EuropaWire/ — The EBRD is supporting the development of women’s entrepreneurship and of agribusiness in Tajikistan with a senior loan in local currency, equivalent to US$ 2 million, to IMON INTERNATIONAL, … Read the full press release

Renewables: EBRD invests EUR28.3 million in bonds issued by Hellenic Petroleum

Bank invests €28.3 million in corporate bond by Hellenic Petroleum to support diversification LONDON, 27-Jul-2017 — /EuropaWire/ — The EBRD has signed the first project under its new framework for renewable energy in Greece by subscribing to €28.3 million in bonds issued by Hellenic … Read the full press release

EBRD Suma Chakrabarti met with Korean government and Green Climate Fund in Korea

Bank President holds constructive meetings LONDON, 27-Jul-2017 — /EuropaWire/ — The President of the European Bank for Reconstruction and Development (EBRD), Sir Suma Chakrabarti, gained strong backing for the EBRD’s work in the green economy during a visit to the Republic of Korea. The President … Read the full press release

EBRD and Chinese Center for International Knowledge on Development to carry out research project on special economic zones

The two organisations have signed Letter of Intent outlining cooperation LONDON, 27-Jul-2017 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is joining forces with a Chinese development research institute, the Center for International Knowledge on Development (CIKD), to … Read the full press release

EBRD launches €100 million Green Economy Financing Facility to help Romanian households invest in energy efficiency

Banca Transilvania first partner bank to start lending under Green Economy Financing Facility (GEFF) LONDON, 27-Jun-2017 — /EuropaWire/ — Supporting Romanian households to save energy and money, the EBRD is launching the €100 million Green Economy Financing Facility (GEFF) for … Read the full press release

EBRD joins forces with all other shareholders of Azerbaijan’s Unibank to strengthen its capital

LONDON, 27-Jun-2017 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is joining forces with all other shareholders of Azerbaijan’s Unibank to strengthen its capital. Unibank’s share capital will increase by AZN 49 million and will enable it to … Read the full press release

EBRD’s New Country Strategy for Mongolia Outlines the Bank’s Investment Priority For the Next Four Years

Four-year plan to strengthen resilience and competitiveness LONDON, 12-Jun-2017 — /EuropaWire/ — The EBRD Board of Directors has adopted a new country strategy for Mongolia which outlines the Bank’s investment priorities in the country for the next four years. The strategy … Read the full press release