(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
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Beata Javorcik, EBRD, green transition, Happiness, JOBS, structural reforms, sustainability
(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
Posted in Banks, Business, Economy, European Union, Financial, Industrial, Investment, Management, News, Small Business, Technology, United Kingdom
Tagged Alina Makenova, Amina Mari, EBRD, European Union, JORDAN, Kyrgyzstan, leadership, Make Nova, MEHNA, Vita Nova, women empowerment, women entrepreneurs, Women’s Entrepreneurship Day, Zagorka Blazevska
(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
(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
Posted in Banks, Business, Environment, Financial, Government, Industrial, Investment, Management, News, United Kingdom
Tagged Alkis Vryenios Drakinos, Climate Governance, EBRD, GEORGIA, partnership, sustainability, TBC Bank, Vakhtang Butskhrikidze
(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
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged Banka për Biznes, EBRD, economy, Kosovo, Mimoza Godanci, MSMEs, partnership, Sergiy Maslichenko, sustainability
(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
(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
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Small Business, United Kingdom
Tagged Businesswoman, EBRD, hotel industry, Kyrgyz, partnership, SMEs, sustainability, women empowerment
(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
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Investment, Management, News, United Kingdom
Tagged Austria, EBRD, European Union (EU), Green Energy, investments, Martin Leberle, Montenegro, NLB Banka a.d. Podgorica, partnership, Remon Zakaria, sustainability, Yngve Engstroem
(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
Posted in Banks, Bosnia and Herzegovina, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, Marketing, News, Small Business, Technology, United Kingdom
Tagged Adem Niksic, Advice for Small Businesses (ASB), Bosnia, digital transformation, EBRD, Furniture Maker, Herzegovina, Orhan Niksic, partnership, SMEs, sustainability, Zanat, Zihnija Hasovic
(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
Posted in Albania, Banks, Business, Economy, Environment, Financial, Government, Healthcare, Industrial, Investment, Management, News, Politics, Small Business, Sweden, Transportation & Logistics, United Kingdom
Tagged Albania, ambulances, Arjeta Puca, businesses, Corporate Heroes, EBRD, emergency vehicles, Geopolitical Turmoil, humanitarian, Nataliya Horbachevskiy, partnership, Sida, Stanislav Horbachevskiy, support, sustainability, task force, TIMAK, UKRAINE
(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
Posted in Banks, Business, Construction, Economy, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Small Business, Turkey, United Kingdom
Tagged Dariga Haynes, disaster, Earthquake Recovery, EBRD, Gamze Yalçın, Işbank, leadership, partnership, SMEs, sustainability, Türkiye, WOMEN
(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
Posted in Apparel, Fashion & Beauty, Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Ukraine, United Kingdom
Tagged EBRD, Edelvika, fashion, filter bags, partnership, sustainability, UKRAINE, vyshyvanka, Yuriy Perekhodko
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have supported the completion of a vital infrastructure project in Bishkek, the capital of the Kyrgyz Republic. The project involves the construction of a landfill … Read the full press release
Posted in Banks, Business, Construction, Environment, European Union, Financial, Government, Industrial, Investment, Management, News, United Kingdom
Tagged EBRD, EU, Kyrgyz, partnership, Solid Waste Management, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has appointed Fatih Türkmenoğlu as the new Head of North Macedonia. He will assume his role on November 1 and will lead the EBRD’s Skopje resident office. Türkmenoğlu, a Turkish … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged appointment, EBRD, Fatih Türkmenoğlu, Head of North Macedonia, leadership
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing Morocco with an initial earthquake response package of up to €250 million from 2023 to 2025 to aid recovery efforts in regions of the Atlas Mountains affected by … Read the full press release
Posted in Banks, Business, Construction, Economy, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged earthquake, EBRD, economy, Heike Harmgart, MOROCCO, Recovery Package
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has unveiled a new country strategy for the Slovak Republic, outlining its focus on advancing the green transition and strengthening economic resilience in the country. The strategy includes efforts to … Read the full press release
Posted in Banks, Economy, Environment, Financial, Slovakia
Tagged country strategy, EBRD, economic resilience, Green Bonds, Green Economy Transition, green transition, Slovak Republic
(IN BRIEF) Mongolia is a significant player in the global cashmere industry, producing nearly 40% of the world’s raw cashmere. However, challenges such as limited processing capacity and environmental issues threaten the industry’s sustainability. To address these challenges, the European … Read the full press release
Posted in Banks, Economy, Environment, Financial, Industrial
Tagged cashmere, cashmere industry, EBRD, Gobi Desert, Mongolia
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing €75 million in R.Power S.A, a leading renewable energy developer in Poland, to support the expansion of green energy generation across Europe. This marks the EBRD’s second investment … Read the full press release
Posted in Banks, Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland, United Kingdom
Tagged EBRD, Elisabetta Falcetti, expansion, Green Energy, Grzegorz Zieliński, investment, Joe Philipsz, partnership, Poland, Przemek Pięta, R.Power, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has successfully met its goal of deploying €3 billion in financing to Ukraine’s real economy in 2022-23 to mitigate the effects of the ongoing conflict with Russia. The investment focuses … Read the full press release
Posted in Banks, Business, Construction, Economy, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Ukraine, United Kingdom
Tagged EBRD, investment, Matteo Patrone, Odile Renaud-Basso, partnership, sustainability, UKRAINE
(IN BRIEF) Four multilateral development banks, including the Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), and the World Bank, have agreed to harmonize their procurement practices for public … Read the full press release
Posted in Banks, Business, Construction, Environment, European Union, Financial, Industrial, Investment, Management, News, Ukraine
Tagged Ajay Banga, Carlo Monticelli, CEB, EBRD, EIB, Odile Renaud-Basso, partnership, reconstruction, sustainability, UKRAINE, Werner Hoyer, World Bank
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has supported the growth and sustainability of Mongolian leather producer Maris through its advisory services. Maris, founded by Enkhnasan Tumen-Ulzii, focuses on sustainable leather production and uses innovative vegetable tanning … Read the full press release
Posted in Apparel, Fashion & Beauty, Banks, Business, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged EBRD, Leather Brand, Maris, Mongolian, Ms. Enkhnasan Tumen-Ulzii, partnership, SMEs, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are supporting the reconstruction of a 34 km stretch of railway between Durres and Tirana in Albania, marking the first major investment in the country’s … Read the full press release
Posted in Banks, Business, Construction, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Transportation & Logistics, United Kingdom
Tagged Albanian Railways, Bashkim Kasoruho, Durres, EBRD, Ekaterina Solovova, EU Support, Gentian Liko, Lira Bejo, partnership, pollution, Tirana, Traffic Congestion
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Morocco’s Ministry of Energy Transition and Sustainable Development (METSD) have signed a Memorandum of Understanding to collaborate on accelerating the decarbonization of Morocco’s electricity sector. The partnership will focus … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged EBRD, Green Energy, HE Leila Benali, METSD, MOROCCO, Nandita Parshad, ONEE, partnership, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has entered into a synthetic securitization agreement and new lending commitment with Santander Leasing, a subsidiary of Santander Bank Polska Group, marking the EBRD’s first capital relief transaction in Poland. … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has introduced its Star Venture program in the West Bank and Gaza to support high-potential start-ups in enhancing their business performance and fostering growth. This initiative marks the 23rd economy … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged Arsène Jacoby, EBRD, Gaza, Gretchen Biery, Palestinian Start-ups, partnership, Star Venture Program, sustainability, West Bank
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a loan of up to €4 million to KEP Trust, a microfinance institution in Kosovo and a long-standing partner of the EBRD. This loan aims to support micro, … Read the full press release
Posted in Banks, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Serbia, Small Business, United Kingdom
Tagged EBRD, female entrepreneurs, KEP Trust, Kosovo, MSMEs, partnership, Sergiy Maslichenko, Shpend Nura, sustainability
(IN BRIEF) The World Bank Group Internal Audit (GIA), European Bank for Reconstruction and Development Department of Internal Audit (EBRD-IA), and European Investment Bank Internal Audit Department (EIB-IA) have signed memoranda of understanding to enhance collaboration, particularly in information exchange, … Read the full press release
Posted in Banks, Business, Environment, Financial, Industrial, Investment, Luxembourg, Management, Media, News
Tagged Anke D'Angelo, EBRD, EIB, Fotoulla Charalambous, Internal Audit, partnership, Séverine Beroard, sustainability, World Bank
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced the launch of the EBRD Literature Prize 2024. This prestigious literary award recognizes works of fiction originally published in a language from a country where the EBRD invests, … Read the full press release
Posted in Art & Culture, Awards, Banks, Entertainment, Media, United Kingdom
Tagged Alex Zucker, And Other Stories, Bianca Bellová, BOOKS, EBRD, EBRD Literature Prize 2024, fiction, Fitzcarraldo Editions, Jennifer Croft, Luke Leafgren, Maureen Freely, Maya Jaggi, Mister N, My Blue Peninsula, Najwa Barakat, Olga Tokarczuk, Orhan Pamuk, Parthian Books, Philippe Sands, Prix du Meilleur Livre Étranger, Samuel and Judith Pisar, The Books of Jacob, The Lake, University College London
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has named Jelena Madir as the new Managing Director and Chief Compliance Officer. In this crucial role, she will oversee the Office of the Chief Compliance Officer (OCCO), tasked with … Read the full press release
Posted in Banks, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged appointment, Bernd Träxler, Chief Compliance Officer, EBRD, Jelena Madir, leadership, Odile Renaud-Basso
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a loan of up to €2 million to Union Bank to bolster financing in Albania’s agribusiness and tourism sectors, essential for the country’s economic growth. Union Bank becomes … Read the full press release
Posted in Agriculture, Albania, Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Management, News, Travel, United Kingdom
Tagged AATSF, agribusiness, Albania, Aleksandra Vukosavljevic, EBRD, Flutura Veipi, partnership, SMEs, sustainability, TOURISM, Union Bank
(IN BRIEF) The Fergana Valley, a crucial agricultural region in Central Asia, faces a looming environmental crisis resulting from decades-old uranium mining activities. The aftermath of Soviet-era uranium mining, marked by abandoned mines, open tunnels, and improperly managed waste dumps, … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU) and Sweden, is providing a $20 million loan to TBC Bank in Georgia. This financing is aimed at bolstering lending opportunities for micro, … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Industrial, Investment, Management, News, Small Business, Society, Sweden, United Kingdom
Tagged EBRD, EU, Francis Malige, GEORGIA, Giorgi Megrelishvili, Lawrence Meredith, MSMEs, partnership, sustainability, Sweden, TBC Bank, women empowerment
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €4.6 million loan to the city of Balti in Moldova to support the enhancement of public transport and street lighting infrastructure. This investment, totaling €7 million, will … Read the full press release
Posted in Banks, Business, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Transportation & Logistics, United Kingdom
Tagged Bălți, Catarina Bjorlin Hansen, E5P, EBRD, EU, investment, MOLDOVA, Nicolai Grigorisin, partnership, public transport, street lighting, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering Egypt’s agribusiness sector with a $20 million loan to Afia International, a prominent manufacturer of edible vegetable oils and ghee in the country. This financing will primarily support … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Afia International, agribusiness, EBRD, EGYPT, ghee, partnership, Savola Group, sustainability, vegetable oils
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing €15 million in PHH Group, a leading e-commerce platform in the Baltic states. This investment aims to support the expansion of PHH Group’s logistical capacity and cross-border fulfillment … Read the full press release
Posted in Banks, Business, Financial, Industrial, International Trade, Internet & Online, Investment, Management, News, Retail, Small Business, Technology, United Kingdom
Tagged Baltic States, E-Commerce, EBRD, Florin Filote, investment, partnership, PHH Group, SMEsTamas Nagy
(IN BRIEF) Ukrainian siblings, Olena and Rostyslav Vovk, have transformed their family business, Enzym Group, from a Soviet-era yeast plant into a modern, diversified company. Enzym Group is now a market leader in the yeast industry and produces yeast food … Read the full press release
(IN BRIEF) Remediation work at legacy uranium mining sites in Uzbekistan is being funded by a €9 million grant from the Environmental Remediation Account for Central Asia (ERA), established by the European Union (EU) and managed by the European Bank … Read the full press release
Posted in Banks, Business, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, United Kingdom
Tagged EBRD, EU, Remediation Project, Tashkent, Uranium Mining Sites, Uzbekistan
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Ak Finansal Kiralama (AKLease) in Turkey. This loan, part of the EBRD’s Green Economy Financing Facility (GEFF), is aimed at supporting green and … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged AKLease, EBRD, GEFF, green investments, partnership, sustainability, Turkey
(IN BRIEF) A coalition of development finance institutions and multilateral organizations, known as the Global Green Bond Initiative (GGBI), has partnered with the Inter-American Development Bank (IDB) and IDB Invest to collaborate on promoting green bond markets in Latin America … Read the full press release
Posted in Banks, Environment, Financial, Industrial, Investment, Luxembourg, Management, News
Tagged AECID, CDP, EBRD, EIB, GCF, Global Green Bond Initiative, Green Bonds, IDB Invest, Inter-American Development Bank, KfW, Latin America, partnership, sustainability, the Caribbean
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are collaborating to enhance access to finance for Armenian micro, small, and medium-sized enterprises (MSMEs) through Acba Bank. The EBRD is providing a loan equivalent … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged Acba Bank, Armenian, EBRD, EU, funding, Hakob Andreasyan, Jürgen Rigterink, Lawrence Meredith, MSMEs, partnership
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