Tag Archives: EBRD

EBRD Achieves Record Investments of €13.1 Billion in 2023, Focusing on Green Economy and Crisis Response

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) announced a significant milestone by delivering a record €13.1 billion in investments in 2023, marking a year of achievements and challenges. The bank reported record levels of investments, green financing, … Read the full press release

EBRD Launches Innovative Guarantee for Growth Facility with Raiffeisen Bank to Boost SME Financing in Kosovo

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has introduced its first Guarantee for Growth (G4G) facility, providing Raiffeisen Bank in Kosovo with a guarantee of up to €20 million over three years, linked to the bank’s domestic … Read the full press release

EBRD Grants €29 Million for Renewable Energy Projects in Poland

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a financial package of up to PLN 126.1 million (€29 million) to subsidiaries of Eurowatt Green Energy Group SA, Baltic Sea Polska II sp. z o.o., and C&C … Read the full press release

EBRD Commits €100 Million to Taaleri SolarWind III Fund for Renewable Energy Projects

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing up to €100 million in Taaleri SolarWind III, a fund managed by Finland-based Taaleri Energia. This investment aims to support the development of 800 MW of new renewable … Read the full press release

EBRD Grants $10 Million Loan to Atameken-Agro for Agricultural Modernization and Environmental Enhancement in Kazakhstan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a $10 million loan to Atameken-Agro, a leading agricultural holding in Kazakhstan, to support the modernization and environmental improvement of its agricultural machinery. This initiative aims to enhance … Read the full press release

Kosovo Family’s Sustainable Heating Journey: A Green Investment with EBRD’s Support

(IN BRIEF) In central Kosovo’s village of Koshare, the Sopa family, like many others, used to spend a significant amount on wood for heating their home during harsh winters. Seeking a more sustainable and cost-effective solution, Florim Sopa invested nearly … Read the full press release

EBRD Partners with Bank Eskhata to Bolster Tajik Businesses with $5 Million Loans

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is collaborating with Tajikistan’s largest private lender, Bank Eskhata, to enhance the sustainability of Tajik businesses. Under their risk-sharing agreement, EBRD will share half the risk on two loans totaling … Read the full press release

EBRD and EU Partner with ProCredit Bank to Boost Georgian MSMEs with $10 Million Loan for Green Investments

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are intensifying their support for micro, small, and medium-sized enterprises (MSMEs) in Georgia through a partnership with ProCredit Bank. ProCredit Bank, a trusted EBRD partner … Read the full press release

International Consortium Invests $455 Million in Damietta Port’s Container Terminal Expansion in Egypt

(IN BRIEF) An international consortium of institutions is lending vital support to the development of a second container terminal at Damietta Port in Egypt, a project set to triple the port’s container capacity and enhance its competitiveness. The project is … Read the full press release

EBRD Supports Turkish Metal Casting Company Kutes in Transition to Sustainable Energy with Risk-Sharing Agreement

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is partnering with Türkiye Sinai Kalkinma Bankasi (TSKB), a development bank, to support Kutes, a prominent Turkish metal casting company, in its shift toward sustainable energy practices. TSKB is providing … Read the full press release

EBRD Launches Risk-Sharing Framework with ProCredit Bank Kosovo to Boost SME Financing and Sustainability

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a risk-sharing framework for Kosovan banks, with ProCredit Bank Kosovo (PCBK) becoming the first partner bank to join. This framework allows the EBRD to share partner banks’ exposure … Read the full press release

Crisis-Resilient Partnership: EBRD Grants €150 Million Loan to Ukrenergo for Ukraine’s Energy Security Amid Ongoing Conflict

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €150 million sovereign-backed loan to Ukraine’s electricity transmission company, Ukrenergo, as part of a comprehensive effort to support Ukraine’s energy security amidst the ongoing conflict with Russia. … Read the full press release

EBRD Launches €200 Million Youth in Business Program to Boost Entrepreneurship in Central Asia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is taking steps to tackle youth unemployment and promote entrepreneurship in Central Asia by introducing a seven-year, €200 million (US$218 million) Youth in Business program. This initiative aims to provide … Read the full press release

Azerbaijani Furniture Maker Foriella Grows and Innovates with EBRD Support

(IN BRIEF) In Azerbaijan, furniture manufacturer Foriella, led by Owner and Director Farman Islamli, is harnessing innovation and quality craftsmanship to expand its presence in domestic and international markets. Seeking assistance from the European Bank for Reconstruction and Development (EBRD), … Read the full press release

EBRD Partners with Housing Bank to Promote Green Investment in Jordan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is facilitating environmentally friendly investment in Jordan through its Green Economy Financing Facility (GEFF) by granting a $15 million (€13.8 million) loan to the Housing Bank (HBTF). This funding package … Read the full press release

EBRD to Include Climate Resilient Debt Clauses in Loan Agreements for Vulnerable Countries

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced the inclusion of climate resilient debt clauses (CRDC) in new loan agreements with sovereign, sovereign-guaranteed, and municipal clients from lower-middle-income countries where it operates. These CRDCs will allow … Read the full press release

EBRD Extends $45 Million Financial Facility to Promote Green Lending and Trade in Uzbekistan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is supporting green lending and trade expansion in Uzbekistan by providing a financial facility of up to $45 million (€42.5 million) to Ipak Yuli Bank, a major private lender in … Read the full press release

EBRD Funds Boost Access to Finance for Women-Led SMEs in Armenia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a $10 million loan to Acba Bank, a prominent Armenian bank, with support from the European Union (EU) and Sweden. This funding will specifically target women-led small and … Read the full press release

EBRD Approves New Strategy Focusing on Sustainable Mining for Green and Digital Transition

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has unveiled a new mining sector strategy outlining its priorities until 2029. Recognizing the mining industry’s pivotal role in developing environmentally friendly economies in line with the Paris Agreement, the … Read the full press release

EBRD’s Renewable Energy Programme Fuels Transition from Fossil Fuels to Clean Power

(IN BRIEF) The power sector is undergoing a vital transformation to meet climate goals by shifting towards carbon-free electricity production. The European Bank for Reconstruction and Development (EBRD) is actively contributing to this transition through its Renewable Energy Programme, particularly … Read the full press release

EBRD Commits €65.9 Million to Enhance Infrastructure and Climate Resilience in Kyrgyz Republic

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has pledged €65.9 million in sovereign loans and grant funding to improve the electricity and water supply systems in the Kyrgyz Republic, addressing critical infrastructure and climate resilience needs. The … Read the full press release

Serbian Railways Launch Comprehensive Governance and Performance Improvement Program with EBRD Support

(IN BRIEF) Serbian Railways Infrastructure JSC is embarking on a comprehensive program aimed at enhancing its corporate governance and operational efficiency, backed by the European Bank for Reconstruction and Development (EBRD) and donors. This initiative encompasses three technical assistance projects: … Read the full press release

EBRD Invests €60 Million in M Plus Croatia for International Expansion in BPO Services

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has finalized an investment agreement with M Plus Croatia, a subsidiary of Mplus Group, a Croatian business specializing in business-process outsourcing (BPO) services provided to companies in 57 countries. The … Read the full press release

EBRD Invests €20 Million in Bank Pekao’s Debut Green Eurobond Issuance to Support Sustainable Finance in Poland

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has committed €20 million to participate in the debut Eurobonds issued by Bank Polska Kasa Opieki, commonly known as Bank Pekao, as part of its €500 million public placement of … Read the full press release

EBRD Lends €200 Million to Naftogaz for Strategic Gas Reserves, Bolstering Ukraine’s Energy Security Amidst Conflict

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €200 million loan to Ukraine’s state-owned gas entity, Naftogaz (NAK), to support the establishment of strategic gas reserves during the second winter heating season since the Russian … Read the full press release

EBRD and Clean Technology Fund Partner with ING Türkiye to Boost Green Investments and Women-Led SMEs with €100 Million Financing Package

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF) are joining forces to provide a €100 million financing package to ING Türkiye and ING Leasing in Türkiye, aiming to support green investments and … Read the full press release

AFRY Advocates Collaborative Efforts for Ukraine’s Reconstruction at ReBuild Ukraine Conference

(IN BRIEF) Global engineering and advisory firm AFRY recently participated in the 3rd International exhibition and conference ReBuild Ukraine powered by Energy in Warsaw, Poland. During the event, AFRY emphasized the need for collaborative efforts across sectors to facilitate Ukraine’s … Read the full press release

EBRD Report Explores Global Economic Transformation’s Impact on Individuals

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has released a report titled “Transitions big and small,” examining how the profound structural changes in the global economy are affecting people’s lives, livelihoods, and living conditions in EBRD regions. … Read the full press release

EBRD Transition Report 2023-24 Explores the Impact of Green Transition on Jobs, Happiness, and Structural Reforms

(IN BRIEF) The EBRD Transition Report 2023-24, titled “Transitions big and small,” examines the profound changes required for the global shift to net-zero emissions. It highlights the transformation of economies, supply chains, and daily lives due to climate change, technological … Read the full press release

EBRD Celebrates Women Entrepreneurs Making Strides

(IN BRIEF) In honor of Women’s Entrepreneurship Day, the European Bank for Reconstruction and Development (EBRD) shines a spotlight on the remarkable achievements of three inspiring women-led businesses. These entrepreneurs have thrived with the support of the EBRD’s Women in … Read the full press release

EBRD’s First InvestEU Project Supports 30 MW Solar Capacity in Croatia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is partnering with the InvestEU program for its inaugural project, aimed at supporting sustainable economic initiatives. The project involves financing the construction of 30 MW of solar generation capacity in … Read the full press release

EBRD Expands Partnership with TBC Bank in Georgia with $30 Million Financing to Boost Climate Governance

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is strengthening its collaboration with Georgia’s leading financial institution, TBC Bank, by providing a $30 million (€28.1 million) financing facility. This funding is aimed at bolstering TBC Bank’s capital base … Read the full press release

EBRD Provides €6 Million to Boost Kosovo’s MSMEs and Green Economy

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is allocating up to €6 million to Banka për Biznes in Kosovo for onward lending to micro, small, and medium-sized enterprises (MSMEs). This initiative aims to enhance entrepreneurship, market competitiveness, … Read the full press release

EBRD and Green Climate Fund’s High-Impact Programme Aims to Transform Hard-to-Abate Sectors for Net-Zero Goals

(IN BRIEF) The transition to a net-zero economy presents significant challenges for various industries, especially “hard-to-abate” sectors such as cement, steel, chemicals, mining, shipping, and aviation. These sectors contribute to about 30% of global emissions, making their transition crucial. The … Read the full press release

Kyrgyz Businesswoman Empowers Women in the Hotel Industry Through EBRD Support

(IN BRIEF) Women globally perform at least 2.5 times more unpaid work than men, with working mothers often balancing multiple roles, including employment, household chores, and childcare. In Central Asia, traditional constraints add to the challenges faced by women. Saikal, … Read the full press release

EBRD and EU Support Montenegro’s Green Energy Efficiency Investments

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union (EU) and Austria, is bolstering energy efficiency investments in Montenegro by extending a €2 million loan to NLB Banka a.d. Podgorica, aimed at providing … Read the full press release

Bosnian Furniture Maker Zanat Embarks on Digital Transformation Journey with EBRD Support

(IN BRIEF) Zanat, a renowned Bosnian furniture company known for its hand-carving techniques and UNESCO recognition, faced challenges with growing international demand, including delivery delays and product quality issues. To address these challenges and optimize their operations, the company sought … Read the full press release

Corporate Heroes: Businesses Rally to Support Ukraine Amidst Geopolitical Turmoil

(IN BRIEF) Despite the ongoing conflict in Ukraine and geopolitical uncertainties, numerous companies from both Ukraine and around the world have demonstrated remarkable support by offering financial, material, and essential resources to aid the Ukrainian government and its people. This … Read the full press release

EBRD Commits $100 Million to İşbank for Earthquake Recovery and Women-Led SMEs in Türkiye

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending $100 million in financing to Türkiye İş Bankası (İşbank), Türkiye’s largest private bank, to support earthquake recovery efforts in the south-eastern region of Türkiye and empower women-led small … Read the full press release

Edelvika: From Filter Bags to Fashion – Ukrainian Clothing Manufacturer’s Path to Success Amid Challenges

(IN BRIEF) Edelvika, a Ukrainian clothing and textile manufacturer, has undergone a remarkable transformation from primarily producing filter bags to focusing on fashion-related products, particularly traditional embroidered blouses called vyshyvanka. Despite the challenges posed by the war in Ukraine, the … Read the full press release