Croatian companies listed on the Zagreb Stock Exchange will further improve their corporate governance to meet the best European standards thanks to the introduction of a new code of corporate governance developed with support of the EBRD, led by the Bank’s Legal Transition Team.
EBRD support for a mining investment in southwestern Mongolia will create jobs and ensure the highest possible environmental standards at the Khundii Gold project in the Bayankhongor region of the country
The conference will discuss the latest developments in the renewable energy sector in Turkey and the countries in Central Asia, Caucasus and the Western Balkans and will engage with the public and private sectors to brainstorm strategies to improve project financing conditions, regulations, support schemes, the integration of renewables in electricity systems, the development of new technologies, and the investment environment.
Join on 05 November in London for “Energy Storage in Emerging Markets: The Next Frontier”, a forum co-hosted by the United Kingdom Department for Business, Energy, and Industrial Strategy (BEIS) and the Climate Investment Funds for experts, practitioners, and thought leaders to coalesce around big ideas and bold action for energy storage systems.
The EBRD is investing PLN 80 million – equivalent to €18.5 million – in the first green covered bond issuance by ING Bank Hipoteczny, combining support for capital market development and for the green economy in Poland. The total volume of the issuance, which was successfully placed today, was PLN 400 million.
Laying the foundations for the continuation of strong economic growth and for addressing future challenges, the government of Poland has adopted the country’s capital market development strategy, drafted with support from the European Union (EU) and the EBRD.
Building a strong capital market means building a stronger economy. The EBRD is supporting the Tunisian authorities in creating a capital market that is able to provide local companies with better access to a variety of sources of funding to finance and expand their operations.
The first ever EBRD Eastern Partnership (EaP) Investment Summit will take place at the Bank’s Headquarters in London on 22 November 2019. This year is the 10th anniversary of the Eastern Partnership Initiative, which the Bank set up to develop closer bilateral and multilateral ties with these six countries in eastern Europe and south Caucasus : Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.
Below you can find the press releases on UN Climate Action Summit from EU agencies and institutions. The post will be updated throughout the day as more press releases are published.
The world is running out of time to act on climate change. The 2015 Paris Agreement has committed the world to limit global warming to well below 2°C and stay as close as possible to 1.5°C above pre-industrial levels. To achieve these goals, global greenhouse gas emissions need to reach “net zero” by the middle of the century. Urgent action is needed.
Trade activities of Lebanese businesses will receive a boost from a trade finance limit of up to US$ 75 million to the country’s third-largest lender, Byblos Bank, by the EBRD.
Maybe later than other countries, but with special vigour, Serbia is embracing the concept of creating a green economy. The EBRD is at the forefront of these efforts. Since the start of its operations in 2001, the Bank has invested €5.3 billion overall in the country and more than half of the current projects there are in sustainable infrastructure.
More than 40,000 people living in small municipalities in the Kyrgyz Republic will benefit from a regular water supply and access to fresh drinking water following an €11.5 million investment programme supported by the EBRD and the European Union (EU).
The 200,000-strong population of Banja Luka, the second-largest city in Bosnia and Herzegovina, will enjoy a better water supply thanks to a €4 million loan by the EBRD to finance improvements to the municipal water network.
Over 180,000 citizens of Khujand, the second-largest city in Tajikistan, will have regular access to safe drinking water and improved wastewater services thanks to a joint investment of US$ 8.85 million by the EBRD and the Swiss State Secretariat for Economic Affairs (SECO).
The EBRD is pledging fresh funds to support Kazakhstan’s drive as a regional leader to promote renewable energy, with the help of a second phase of the Bank’s Kazakhstan Renewables Framework of up to €300 million.
The EBRD is extending a €160 million financial package to UniCredit Bank Serbia to address key challenges facing the local economy.
Financial innovation is as old as the financial sector itself. But sometimes we can move forward by dusting off instruments that have been in our tool box for a long time, adapting them to modern usage and applying them, in order to address contemporary challenges. Such is the case with covered bonds.
First introduced by Frederick II of Prussia exactly 250 years ago, covered bonds have now become a major building block in efforts to build safe and efficient capital markets in many central and eastern European countries.
Romanian businesses will benefit from greater access to finance thanks to a €20 million loan, in Romanian lei equivalent, from the EBRD to Crédit Agricole Romania. The funds will be used by the Romanian lender to finance local micro, small and medium-sized enterprises (MSMEs), a vital sector of Romania’s economy in terms of wealth and job creation.
The Republic of Serbia, EBRD and IFC Capitalization Fund have reached an agreement concerning the sale of 34.58% of the ordinary shares in Komercijalna Banka a.d. Beograd (“Bank”) owned by EBRD and IFC Capitalization Fund to the Republic of Serbia.
The EBRD together with its partners is supporting a pioneering energy project in Jordan with a financial package of up to US$ 35 million. The project will enable the telecoms operator Orange Jordan to cover part of its demand with clean energy generated in solar plants.
Businesses in Greece will benefit from the first €10 million factoring facility in the country provided to Piraeus Factoring by the EBRD under its Trade Facilitation Programme (TFP).
Building on the EBRD’s cooperation with its parent, Piraeus Bank, the facility will enable Piraeus Factoring to further support Greek small and medium-sized enterprises (SMEs) and corporates engaged in domestic and international trade.
Citizens of the Serbian city of Šabac will benefit from an EBRD financed investment to improve energy efficiency of residential buildings. Šabac is located in western Serbia on the right bank of the river Sava in the fertile Mačva region and has a population of over 50,000.