The population of Oskemen in East Kazakhstan will benefit from the introduction of modern energy efficient diesel buses, which will partially replace the city’s ageing public transport fleet with the help of an EBRD loan.
The EBRD has acquired a 6.25 per cent stake in Nova Ljubljanska banka d.d. (NLB), Slovenia’s largest bank. The acquisition was made in the first phase of NLB’s privatisation during which the government of Slovenia sold 59.1 per cent of the bank in a public offering of shares.
An investment programme by rail transport company Ukraine Railways (UZ) is to receive a major boost in the form of a US$ 150 million senior loan from the EBRD. The loan will be used to acquire up to 6,500 general purpose open freight gondola-type wagons through an open international tender.
The private residential and building sector in Albania will benefit from wider access to finance thanks to a €6 million loan that the European Bank for Reconstruction and Development (EBRD) is providing to Albania’s Union Bank.
The event will be opened by CNB’s Boris Vujčić, Governor, EBRD’s Pierre Heilbronn, Vice President, Policy. With the aim to examine the topic holisticallly, panelists and speakers representing a broad range of market participants will participate in the event, including from Credit Agricole Corporate and Investment Bank Deutschland; Moody’s; PKO Bank Hipoteczny (PKO BH); Slovenská sporiteľňa (SLSP) and EBRD Zagreb.
The EBRD is becoming a shareholder in Bank BGŻ BNP Paribas S.A. with an investment of PLN 430 million corresponding to a stake of about 4.5 per cent. The engagement takes place in the context of the completion of BGŻ BNP Paribas’ acquisition of the core assets of Raiffeisen Bank Polska S.A. as announced in April 2018.
Economic growth in Central Asia is expected to moderate in 2018 and 2019, reflecting a need for fiscal consolidation in the region and slower growth in the extractive sector, the European Bank for Reconstruction and Development (EBRD) said.
Economic growth in Russia is expected to hold steady at 1.5 per cent this year and into 2019 as the positive impact of higher oil prices is offset by the negative economic consequences of sanctions imposed by the United States of America and the European Union (EU), said the European Bank for Reconstruction and Development (EBRD).
A departure of the United Kingdom from the European Union (EU) with no agreements on trade and investments – a no-deal Brexit – would hit south-eastern European countries hardest among the emerging economies where the European Bank for Reconstruction and Development (EBRD) invests.
Economic growth in the southern and eastern Mediterranean will continue to pick up speed this year, with most countries in the region enjoying their best tourism season since 2010, the European Bank for Reconstruction and Development (EBRD) said.
The IFC, the EBRD, APS Delta and Balbec Capital LP are jointly investing €50 million in an unsecured non-performing exposure (NPE) portfolio, originated by Piraeus Bank, one of the leading banking groups in Greece. The EBRD’s portion will be €15 million.
The EBRD and Waterfall Asset Management are joining B2Holding in investing in an non-performing loan (NPL) portfolio originated by Alpha Bank, a leading Greek lender. The EBRD’s portion will be €25 million.
Private businesses, including energy service companies (ESCO) and municipalities will benefit from wider access to finance thanks to a €15 million loan that the EBRD is providing to Banca Intesa, the largest bank in Serbia. The loan will be on-lent for energy efficiency investments.
Small businesses in Armenia will have more opportunities to invest in green technology thanks to a US$ 12.5 million long the EBRD is providing to Ameriabank for on-lending to small and medium-sized enterprises (SMEs) and corporates for green investments.
Citizens of the Bulgarian capital city Sofia will benefit from cleaner and more comfortable urban transport thanks to the introduction of new electric buses financed by a loan provided by the EBRD and the Green Energy Special Fund (GESF).
A new report by international Development Finance Institutions (DFIs) shows for the first time the scale of blended concessional finance to support transformative investments in challenging markets and deploy private sector funds to achieve the United Nation’s 2030 Agenda for Sustainability Development and the Sustainable Development Goals.
The EBRD Board of Directors has approved a new strategy for Ukraine which sets out the Bank’s priorities in the country for the next five years. The EBRD will pay special attention to projects that will integrate investment and policy engagement in areas such as privatisation, energy security and efficiency, the financial sector, trade and infrastructure.
Increasing and improving the cooperation between multinational development banks (MDBs) has been recognised as a major step towards achieving the Sustainable Development Goals(SDGs), which were adopted by world leaders in September 2015 at an historic United Nations (UN) summit.
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