Tag Archives: EBRD

EBRD Board of Directors to Engage with Estonia and Latvia on Investment Projects

(IN BRIEF) The EBRD Board of Directors will visit Estonia from 15-17 September and Latvia from 17-20 September 2024 for consultations with senior government officials, business leaders, and international partners. The delegation will review EBRD-funded public and private projects, with … Read the full press release

Ukrgasbank and PrivatBank Join EBRD’s €700 Million Energy Security Initiative in Ukraine

(IN BRIEF) Ukrgasbank and PrivatBank are the first two Ukrainian banks to join the European Bank for Reconstruction and Development’s (EBRD) Energy Security Support Facility (ESSF), unlocking €700 million in loans for energy security projects. The EBRD will provide risk-sharing … Read the full press release

EBRD Unlocks €690 Million in Loans for Ukraine’s Key Industries Amid Wartime Recovery

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has introduced new guarantees to unlock €690 million in loans for Ukraine’s critical industries, including food security and energy, through partnerships with Ukrainian banks such as PrivatBank, Ukrgasbank, KredoBank, and … Read the full press release

Ukrainian Lighting Company Pikart Boosts Efficiency with EBRD Support Amid War

(IN BRIEF) Pikart Lights, a Ukrainian lighting company based in Lviv, has overcome the challenges of Russia’s invasion with support from the European Bank for Reconstruction and Development (EBRD) and the EU. The company’s investment in new moulding technology has … Read the full press release

EBRD and AccessBank Partner to Boost SME Financing in Azerbaijan with €15 Million Risk-Sharing Facility

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has relaunched its Risk-Sharing Facility (RSF) in partnership with AccessBank to boost financing for small and medium-sized enterprises (SMEs) in Azerbaijan. Through this €15 million agreement, the EBRD will share … Read the full press release

EBRD Supports Türkiye’s Renewable Energy Expansion with $60 Million Loan to Borusan EnBW Enerji

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $60 million loan to Borusan EnBW Enerji to support the development of 116 MW of onshore wind-energy capacity in Türkiye’s Sivas and Tekirdağ provinces. This investment is … Read the full press release

EBRD Grants Mongolia’s First Sustainability-Linked Loan to Drive Green Initiatives at MCS Coca-Cola

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has extended its first sustainability-linked loan in Mongolia, providing US$ 51.7 million to MCS Coca-Cola, the country’s leading soft drink producer and distributor. This loan, supported by the FINTECC program … Read the full press release

EBRD-Backed Sanum per Fructus Modernizes Serbian Beekeeping with Digital Innovation for Sustainable Honey Production

(IN BRIEF) Sanum per Fructus, a honey producer in Kragujevac, Serbia, is modernizing its operations by integrating digital technology while maintaining traditional beekeeping practices. Supported by the EBRD’s Youth in Business Programme, the company connects with local beekeepers through a … Read the full press release

EBRD, ACWA Power, and Uzkimyosanoat Join Forces to Launch Central Asia’s First Renewable Hydrogen Facility in Uzbekistan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced a significant investment in Uzbekistan’s first renewable hydrogen facility, marking a pioneering effort in Central Asia’s transition to greener energy sources. The project, developed in partnership with ACWA … Read the full press release

EBRD and IFC Invest in Bank of Palestine to Strengthen Palestinian Economy Amid Crisis

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have acquired equity stakes in Bank of Palestine to support its capital base amid the challenging economic conditions in the region. The investment will … Read the full press release

EBRD and Partners Invest €10 Million to Fuel Expansion of Romanian Retailer La Cocos

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), along with private equity firms CEECAT Capital and Morphosis Capital, has made a significant investment in the Romanian discount food retailer La Cocos. The €10 million equity investment will help … Read the full press release

EBRD and Raiffeisen Bank Provide €110 Million for Major Solar Projects to Boost Romania’s Green Energy Expansion

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International have provided a €110 million financing package to build and operate two solar photovoltaic power plants in south-eastern Romania. These plants, with a combined capacity of … Read the full press release

EBRD Supports Polinas’ Green and Inclusive Growth with €25 Million Loan for Sustainable Packaging Production

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Türkiye’s Polinas Plastik to enhance the company’s green credentials through resource and energy efficiency upgrades, including a new production line for recyclable packaging … Read the full press release

EBRD Backs Nova Post’s Expansion with €70 Million Loan to Boost Ukraine’s Delivery Services Amid Wartime Challenges

(IN BRIEF) The EBRD is lending €70 million to Ukraine’s Nova Post to support its 2024 expansion plans, which include enhancing delivery services and building over 600 bomb shelters. The loan will help Nova Post maintain operations during wartime, support … Read the full press release

EBRD’s €20 Million Loan to Allego for EV Charging Stations in Poland

(IN BRIEF) The EBRD is lending €20 million to Allego for the construction of 200 EV charging stations in Poland. This investment, supported by the CEF-Transport Alternative Fuels Infrastructure Facility, aims to boost electric mobility in Poland, helping the EU … Read the full press release

EBRD’s €25 Million Loan for Construction of Two 60 MW Solar Power Plants in Tunisia

(IN BRIEF) The EBRD and Proparco are financing two 60 MW solar power plants in Tozeur and Sidi Bouzid, Tunisia, with a €25 million loan. Developed by Scatec and Aeolus (Toyota Tsusho Group), these projects will reduce annual CO2 emissions … Read the full press release

EBRD and GCF Partner with Crédit Agricole Egypt to Boost Small Businesses and Green Investments with $20 Million Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are providing a $20 million loan to Crédit Agricole Egypt to support small businesses and green investments. This loan includes $3 million of concessional … Read the full press release

EBRD and Eiffel Investment Group Drive Renewable Energy Growth in Romania with €24.4 Million Solar Power Investment

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Eiffel Investment Group are jointly providing €24.4 million for the construction of two solar power plants in Romania’s Dolj County. Each organization is contributing €12.2 million to the … Read the full press release

EBRD Backs Turkey’s Ulker with $90 Million Investment in Sustainability-Linked Eurobond

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has invested up to US$ 90 million (€83 million) in Ulker Biskuvi Sanayi’s first sustainability-linked Eurobond, part of a larger US$ 550 million issuance. This funding will help Ulker, a … Read the full press release

Georgian Water Firm Raises $300 Million Through Green Eurobond Issuance with EBRD Support

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has invested $40 million in Georgia Global Utilities’ (GGU) second green Eurobond issuance, which totals $300 million. This funding aims to improve Tbilisi’s water infrastructure. The issuance is also backed … Read the full press release

EBRD Names Andreea Moraru New Regional Director for Poland and Baltic States

(IN BRIEF) Andreea Moraru has been appointed as the new Regional Director for Poland and the Baltic States at the EBRD, starting September 1st. Currently serving as Regional Director for Greece and Cyprus, Moraru brings extensive experience from her tenure … Read the full press release

EBRD Report: CESEE Non-Performing Loans Stable Amid Economic Uncertainty

(IN BRIEF) The latest NPL Monitor report by the EBRD reveals that non-performing loans (NPLs) in the CESEE region remained stable despite economic uncertainties. While NPL volumes increased marginally, the overall NPL ratio held steady at 2.1%, indicating resilience in … Read the full press release

EBRD and EU Launch €12.5 Million Programme to Boost Lebanese SMEs

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a €12.5 million programme aimed at supporting small and medium-sized enterprises (SMEs) in Lebanon to enhance resource efficiency and circularity measures. Over a … Read the full press release

EBRD Mobilizes Funding to Strengthen Ukraine’s Energy Security

(IN BRIEF) In response to recent attacks by Russia on Ukraine’s energy infrastructure, the European Bank for Reconstruction and Development (EBRD) has pledged over €300 million in additional funding to support the country’s state-owned energy companies. This commitment, formalized through … Read the full press release

EBRD Empowers Local Businesses with Risk Sharing Framework, Boosting Growth in Armenia, Mongolia, and Uzbekistan

(IN BRIEF) At the European Bank for Reconstruction and Development’s (EBRD) 33rd Annual Meeting and Business Forum in Yerevan, the Bank unveiled its latest initiative under the Risk Sharing Framework (RSF) to bolster domestic businesses in Armenia, Mongolia, and Uzbekistan. … Read the full press release

Hüseyin Özhan Appointed Acting Managing Director for Central Asia by EBRD

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has appointed Hüseyin Özhan as the acting Managing Director for Central Asia, succeeding Zsuzsanna Hargitai. Özhan, a Turkish national, will commence his role on June 1, 2024, continuing to be … Read the full press release

EBRD and EFSE Team Up to Boost MSME Financing in Azerbaijan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Fund for Southeast Europe (EFSE) have joined forces to provide a financing package of up to US$ 10 million (€ 9.24 million) to AccessBank in Azerbaijan. This … Read the full press release

Sarajevo Launches Modern Trams in Major Public Transport Upgrade Funded by European Banks

(IN BRIEF) Sarajevo has introduced new modern trams for the first time in 40 years, a significant advancement supported by the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and other donors. The project, financed with … Read the full press release

EBRD Boosts Small Business and Youth Entrepreneurship in Uzbekistan with $20 Million Financial Package

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering micro, small, and medium-sized businesses in Uzbekistan by providing a financial package of up to US$ 20 million to Ipak Yuli Bank. This includes a US$ 10 million … Read the full press release

EBRD Launches €25 Million Digital Transformation Loan Initiative for Türk Ekonomi Bankası

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a groundbreaking Digital Transformation Financing Facility (DTFF) with a €25 million loan to Türk Ekonomi Bankası (TEB) in Türkiye, marking its inaugural transaction. Aimed at boosting the digital … Read the full press release

EBRD Funds Sustainable Transport Solutions in Tajikistan’s Capital

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing up to €28.45 million to upgrade key infrastructure and develop sustainable transportation solutions for Tajikistan’s capital, Dushanbe. This project marks the third initiative under the Dushanbe Green City … Read the full press release

Multilateral Development Banks Unveil Circular Economy Vision at WCEF 2024

(IN BRIEF) During the World Circular Economy Forum (WCEF) 2024 in Brussels, leading multilateral development banks (MDBs), including the European Bank for Reconstruction and Development (EBRD), presented their shared vision on the role of MDBs in supporting the circular economy. … Read the full press release

EBRD Invests in TBC Bank Georgia’s US$300 Million Capital Notes Issuance

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has injected US$60 million into TBC Bank Georgia’s public placement of US$300 million Additional Tier 1 (AT1) capital notes, marking TBC’s return to international capital markets since 2019. This investment, … Read the full press release

EBRD and Swiss Government Boost Water Infrastructure in Tajikistan with €2.7 Million Investment

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Swiss government are teaming up to provide €2.7 million towards the completion of vital water projects in Fayzobod, Tajikistan. This financial package will support upgrades to water supply … Read the full press release

EBRD Partners with Bunge Gıda to Empower Women Farmers in Turkey’s Olive Sector

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending an additional loan of US$25 million in Turkish lira to Bunge Gıda to support their working capital needs while expanding training opportunities for women olive farmers in Turkey. … Read the full press release

EBRD Backs $43.2 Million Investment for Sustainable Healthcare in Mongolia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering Mongolia’s healthcare sector with a $43.2 million sovereign loan and a €5 million capital grant to the Government of Mongolia for the construction of a modern 250-bed hospital … Read the full press release

EBRD Invests in Polish Cosmetics Giant Bielenda, Facilitating Strategic Acquisitions

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has acquired an indirect minority stake in the renowned Polish cosmetics brand Bielenda through a €33.9 million investment in its holding company, Innova Central Holding SCA, alongside private equity fund … Read the full press release

Sand to Green: A Sustainable Oasis in Morocco’s Desert

(IN BRIEF) Sand to Green, a beneficiary of the EBRD Star Venture programme, is making significant strides in combating desertification and promoting sustainable agriculture in Morocco. Founded by Benjamin Rombaut, Gautier De Carcouët, and Wissal Ben Moussa, the company utilizes … Read the full press release

EBRD Supports Nrep’s Innovative Housing Concept in Poland with PLN 58.9 Million Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has extended a loan of PLN 58.9 million (€13.7 million) to Nrep Nordic Strategies Fund IV’s Polish subsidiary to facilitate the development of residential housing in Poland. This funding will … Read the full press release

EBRD Bolsters Serbian Automotive Lighting with €15 Million Loan for Energy-Efficient Expansion

(IN BRIEF) Feka Automotive, a prominent Serbian automotive lighting producer with ties to major global car manufacturers, including Toyota and Volkswagen, is set to undergo a significant expansion with the support of a €15 million loan from the European Bank … Read the full press release