Latvia’s Ministry of Finance took a landmark step toward the creation of a cohesive pan-Baltic capital market today, with the formal acknowledgement of the key points raised by a new assessment report.
Newly published EBRD research finds that a significant proportion of value chains within the 12 EU countries where the Bank operates, and also in Turkey as a member of the EU Customs Union, could be affected in an event of an exit of the United Kingdom from the European Union with no deal.
Speech delivered by EBRD President Sir Suma Chakrabarti at the event “10 Years Vienna Initiative – Anniversary Conference 2019”, Austrian National Bank, Vienna.
Today marks the tenth anniversary of the launch of the European Bank Coordination Initiative – or the Vienna Initiative as it is known more colloquially. Officials from many of the public and private institutions involved, as well as many of the Initiative’s original architects, are convening in Austria to mark the achievements from the last ten years and discuss the challenges ahead for the banking sector.
Three years after the international community pledged to limit global temperature rises caused by greenhouse gas emissions to no more than 2C and if possible to a more ambitious 1.5C, climate change is broadly acknowledged as one of the key risks to financial stability. Among ambitious responses is the European Commission’s plan to motivate European business to go carbon neutral by 2050.
The European Investment Bank (EIB) and Banco Sabadell are joining forces to provide Spanish SMEs with the resources they need to finance their investments. The two institutions have signed several partnership agreements to enable small and medium-sized enterprises (SMEs) to access credit on the EIB’s favourable conditions in terms of both interest rates and maturities. The total volume of these new EIB-Banco Sabadell credit lines stands at EUR 700m.
The EBRD is supporting important infrastructure private public partnerships (PPP) projects in Jordan, with the purchase of an indirect equity stake in Airport international Group (AIG), the concessionaire operating Queen Alia International Airport in Jordan(QAIA).
The EBRD is bringing 35 new compressed natural gas (CNG) buses to Skopje, the capital of FYR Macedonia, in response to the ever-growing demand for cleaner and more sustainable public transport. The new buses will cut CO2 emissions by at least 15 per cent.
If carbon emissions had a market value reflecting how much they cost society, it might completely change the way people priced their businesses.
The EBRD continues its leading role in green financing and devoted 36 per cent of its total investments in 2018 to the green economy. The Bank is well on the way to meeting a target of dedicating a 40 percent share of investments to the green economy by 2020.
What actually happens when used water disappears down the sink?
“Going into 2019 we can see a number of challenges, some of them global, others structural. The former we will have to find shelter from, the latter we will have to address. In both cases the EBRD is here to provide support and assistance.”
Power supply in south Uzbekistan will be significantly improved thanks to the construction of the additional generation capacity at existing Talimarjan power plant (TPP) with the help of a up to US$ 240 million sovereign loan provided by the EBRD to JSC Uzbekenergo. The project will be the largest EBRD investment in Uzbekistan to date.
Industrial customers across Ukraine and the European Union (EU) will have access to a wider range of oversized cargo transport services following an EBRD-supported upgrade to the transport fleet of haulier Negabarit-Service LLC.
The EBRD Sustainable Infrastructure Advisory (SIA) and the Ministry of Transport and Communications of the Republic of Belarus (the MoTC) are inviting guests to the M-10 Highway PPP – Investor Road Show. The event will be held in London on the 16th of January 2019.
The EBRD Board of Directors today approved a new energy sector strategy that targets the creation of an energy sector which delivers clean, secure and affordable energy for all. The strategy for the next five years emphasises the scaling-up of investment in renewables, supporting the integration of energy systems, promoting the switch to cleaner and more resilient energy sources and facilitating electrification as a means to clean the economies where the Bank invests, which include some of the least energy-efficient and most polluting economies and cities in the world.