Tag Archives: EBRD

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

Lithuania’s Ignalina Nuclear Power Plant Starts Hot Trial of New Solid Radioactive Waste Management and Storage Facility

Major step forward in  EBRD-managed decommissioning process LONDON, 12-Jun-2017 — /EuropaWire/ — The Ignalina Nuclear Power Plant (INPP) in Lithuania has taken another important step forward in the decommissioning process, managed by the EBRD, with the start of the hot trial, … Read the full press release

EBRD and Energy Community To Strengthen Cooperation With Focus on Sustainable Energy Policy Development

LONDON, 12-Jun-2017 — /EuropaWire/ — The EBRD and the Energy Community Secretariat have signed a Memorandum of Understanding strengthening the organisations’ cooperation in the field of sustainable development with a focus on sustainable energy policy development in the Western Balkans, Moldova, … Read the full press release

EBRD Aims To Support Croatia In Achieving Sustainable Growth With New Strategy

Strengthening competitiveness and productivity for sustainable growth LONDON, 12-Jun-2017 — /EuropaWire/ — The EBRD Board of Directors has approved a new strategy for Croatia which sets out the priorities for the Bank’s work in the country for the period 2017-21. The Bank … Read the full press release

EBRD loans EUR186 million to Fayoum Water and Wastewater Company in Egypt

€186 million loan to benefit residents of Fayoum governorate LONDON, 29-May-2017 — /EuropaWire/ — The EBRD is improving the living conditions of approximately three million inhabitants of Egypt’s Fayoum governorate – of whom around one million will have access to sanitation … Read the full press release

EBRD loans EUR150 million to Turkey’s carmaker Ford Otosan

New €150 million loan to Turkey’s top carmaker LONDON, 26-Apr-2017 — /EuropaWire/ — In a new boost to the Turkish automotive industry, the EBRD is providing a €150 million loan to Ford Otomotiv Sanayi A.Ş., (Ford Otosan) to finance improvements to … Read the full press release

Integrating Eastern Europe’s Regional Gas Markets discussion at the EBRD 2017 Annual Meeting and Business Forum

Gas markets underline the importance of integration LONDON, 26-Apr-2017 — /EuropaWire/ — Integration is one of the qualities of a successful modern economy as defined by the EBRD in its new transition concept.  But why is it better to be integrated … Read the full press release

EBRD, PE firm Actera, Esas Holding acquire majority stake in Turkish producer of flexible packaging Korozo Ambalaj

New shareholders aim to develop business into a leading European player LONDON, 26-Apr-2017 — /EuropaWire/ — The EBRD, Actera – the leading private equity investor in Turkey – and Esas Holding – a venture capital firm established by the Sabanci family … Read the full press release

EBRD and Bulgaria’s Société Générale Expressbank AD join forces under a risk-sharing agreement

LONDON, 13-Apr-2017 — /EuropaWire/ — Strengthening the competitiveness of Bulgarian companies through improved access to finance, the European Bank for Reconstruction and Development (EBRD) and Bulgaria’s Société Générale Expressbank AD (SGEB) are joining forces under a risk-sharing agreement. The Risk Sharing … Read the full press release

EBRD names Irina Kravchenko as new Head of its operations in Mongolia

LONDON, 11-Apr-2017 — /EuropaWire/ — The EBRD has appointed Irina Kravchenko as the new Head of the Bank’s operations in Mongolia. She will be based in Ulaanbaatar, the country’s capital city. Ms Kravchenko’s arrival has coincided with Ulaanbaatar joining the EBRD’s … Read the full press release

New funding for pulses and rice producer boosts agribusiness in Turkey

Family business looks to new markets LONDON, 03-Apr-2017 — /EuropaWire/ — In a new boost to agribusiness in Turkey, the EBRD is providing a €20 million loan to Yayla Agro, a family-owned producer of pulses and rice in Turkey. An ambitious … Read the full press release

EBRD and New Development Bank to maintain continuous working relationship

European Bank for Reconstruction and Development and New Development Bank agree on dialogue and cooperation at NDB Annual Meeting in New Delhi LONDON, 03-Apr-2017 — /EuropaWire/ — The New Development Bank (NDB) and the European Bank for Reconstruction and Development (EBRD) … Read the full press release

EBRD gives an overview of its climate resilience investment activities

LONDON, 15-Mar-2017 — /EuropaWire/ — The world is changing – 2016 was the hottest year on record, setting a new high for the third year in a row. In the same year, carbon dioxide levels officially passed the symbolic 400 ppm … Read the full press release

EBRD supports DIY retail chain OMA to open up to nine new stores across Belarus by the end of 2019

Project to promote cross-border cooperation and business expansion LONDON, 15-Mar-2017 — /EuropaWire/ — Belarusian customers will benefit from the expansion of the leading domestic DIY retail chain OMA supported by the EBRD. The European Bank for Reconstruction and Development (EBRD) is … Read the full press release

EBRD celebrates four years of its Advice for Small Business programme in Jordan

ASB programme has provided support and advice to 191 SMEs in the country. LONDON, 15-Mar-2017 — /EuropaWire/ — The EBRD is celebrating four years of support for small businesses in Jordan under the Bank’s Advice for Small Business programme funded by … Read the full press release

EBRD on talks with Uzbekistan government on ways of increasing its engagement in the country

Discussions with government on ways to increase EBRD engagement in the country LONDON, 15-Mar-2017 — /EuropaWire/ — An EBRD delegation, headed by President Suma Chakrabarti, will visit Uzbekistan on 15-17 March 2017. The visit will include high-level meetings with the authorities … Read the full press release