(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
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged ACWA Power, Central Asia, EBRD, Nandita Parshad, partnership, Renewable Hydrogen Facility, sustainablity, Uzbekistan, Uzkimyosanoat
(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
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, Small Business, United Kingdom
Tagged Bank of Palestine, EBRD, economy, Francis Malige, Hashim Shawa, IFC, investment, Palestine, partnership, SMEs, sustainablity
(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
Posted in Banks, Business, Economy, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Retail, Romania, United Kingdom
Tagged CEECAT Capital, EBRD, expansion, investment, Iulian Nica, La Cocos, Morphosis Capital, partnership, retail, Romania, sustainability
(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
Posted in Energy, Gas & Oil, European Union, Financial, Industrial, Infrastructure & Utilities, Luxembourg, Romania, United Kingdom
Tagged carbon dioxide emissions reduction, climate finance, EBRD, energy security, EU commitments, Favi Stelian, Fit for 55, Ghimpati, green transition, Grzegorz Zielinski, Iepuresti, InvestEU guarantee, Nofar Energy, OY Nofar Energy, Raiffeisen Bank International, renewable energy, REPowerEU, Romania, RTG Solar Energy, solar plants, Solis Imperium, Tel Aviv stock exchange
(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
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Turkey, United Kingdom
Tagged EBRD, Packaging Production, partnership, Polinas, sustainability, Turkey
(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
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Transportation & Logistics, Ukraine, United Kingdom
Tagged Arvid Tuerkner, delivery services, EBRD, Nandita Parshad, Nova Post, partnership, Petro Fokov, sustainability, UKRAINE, Wartime Challenges
(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
Posted in Automotive, Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Poland, United Kingdom
Tagged Allego, EBRD, EV charging stations, partnership, Poland, sustainability
(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
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Aeolus, construction, EBRD, Françoise Lombard, Hideharu Toba, Nandita Parshad, partnership, Proparco, Scatec, solar power plants, sustainability, Terje Pilskog, Tunisia
(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 $3 million of concessional … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged Credit Agricole, Crédit Agricole Egypt, EBRD, EGYPT, Green Climate Fund (GCF), Heike Harmgart, investments, Jean-Pierre Trinelle, partnership, small businesses, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Eiffel Investment Group are jointly providing €24.4 million for the construction of two solar power plants in Romania’s Dolj County. Each organization is contributing €12.2 million to the … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Romania, United Kingdom
Tagged EBRD, Eiffel Investment Group, Grzegorz Zieliński, investment, partnership, renewable energy, Romania, solar power, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has invested up to US$ 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
Posted in Banks, Business, Economy, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Turkey, United Kingdom
Tagged EBRD, Erdem Yasar, Eurobond, investment, Mete Buyurgan, partnership, sustainability, Turkey, Ulker Biskuvi Sanayi
(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
(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
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, Poland, United Kingdom
Tagged Andreea Moraru, appointment, Baltic States, EBRD, leadership, Matteo Patrone, Poland, Regional Director
(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
Posted in Banks, Business, Economy, European Union, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged CESEE, EBRD, economic, EU, non-performing loans, 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
Posted in Banks, Business, Economy, Environment, European Union, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged Alessandra Viezzer, EBRD, EU, Heike Harmgart, Lebanon, partnership, SMEs, sustainability
(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
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Ukraine, United Kingdom
Tagged Denis Shmyhal, EBRD, ENERGY, Odile Renaud-Basso, partnership, sustainability, UKRAINE, Ukrenergo, Ukrhydroenergo, Ukrnafta
(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
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, Technology, United Kingdom
Tagged Armenia, EBRD, Mongolia, partnership, SMEs, sustainability, Uzbekistan
(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
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged appointment, Central Asia, EBRD, Hüseyin Özhan, leadership, Managing Director, Zsuzsanna Hargitai
(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
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged AccessBank, Azerbaijan, Davit Tsiklauri, EBRD, EFSE, Financial, George Orlov, MSME, Oxana Binzaru, partnership, sustainability
(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
Posted in Banks, Bosnia and Herzegovina, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology, Transportation & Logistics, United Kingdom
Tagged Adnan Šteta, EBRD, EIB, Modern Trams, partnership, public transport, Sandrine Friscia, Sarajevo, sustainability
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