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.
Strengthening trade from and within Lebanon, the EBRD is providing a US$ 75 million trade finance line to Bank Audi, the largest commercial bank in Lebanon and one of the leading regional banks. By joining the EBRD’s Trade Facilitation Programme (TFP), Bank Audi will become the third issuing bank in Lebanon.
Hundreds of small enterprises in Belarus will benefit from loans with longer maturities provided by Belinvestbank OJSC thanks to new resources made available through a syndicated loan arranged by the EBRD.
Speech by Pierre Heilbronn, EBRD Vice President Policy and Partnerships, at the Croatian National Bank during the event “New EU covered bonds framework – what is in it for Croatia?”.
Joint EBRD-HNB conference in Zagreb discussed opportunities for investors in a changing European legislative landscape.Covered bonds are an increasingly important instrument to build local capital markets in countries where the EBRD operates, the Bank’s Vice President, Pierre Heilbronn, said in Zagreb today. A covered bond is a debt security issued by banks that is backed by a portfolio of mortgages.
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.