EU/ERBD News
The EBRD has adopted a new strategy for Russia, setting priorities that will govern the Bank’s activities in its largest country of operation over the next three years. During its new strategy period of 2013-2015, the Bank will prioritise investments and reforms that help to diversify and modernise the Russian economy, spur innovation, increase the role...
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An EBRD loan of USD 8 million to Belarus’ privately owned Belarusky Narodny Bank (BNB) will support the real economy by providing longer-term funding for micro, small and medium-sized firms (MSMEs). The four-year loan, the EBRD’s first to BNB, was signed in Minsk today. BNB has been participating in the EBRD’s Trade Facilitation Programme...
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The European Bank for Reconstruction and Development is lending up to $US 70 million to Ukrainian mining group Coal Energy SA, which will use the loan proceeds to improve the efficiency and safety of its production capacities, located in eastern Ukraine, as part of an overall modernisation programme. This facility will be provided in two equal tranches, the...
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Investment supports the bank’s widening ownership structure The EBRD has acquired a stake in Alior Bank, providing important support for the Polish lender as it broadens out its ownership structure. The EBRD took an 8.83 per cent stake in Alior Bank via its initial public offering (IPO) in Warsaw, purchasing 5,614,035 shares for 320 million Polish zloty,...
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The European Investment Bank (EIB) is lending EUR 500 million to the Slovenian Government to facilitate the implementation of the Slovenian National Strategic Reference Framework. This is the biggest EIB loan ever granted in Slovenia. In general, the loan will serve to co-finance projects which benefit from the EU Structural and Cohesion Funds. Mr Anton Rop,...
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The EBRD is expanding its successful programme of upgrading water supply systems in Tajikistan by further investing in efforts to bring safe water to the northern cities of Istravshan, Panzhakent, Shakhriston and Zafarobod as well as Isaev and Yovon, in the south-west Khatlon Province. The EBRD is extending two loans worth a total of US$ 12 million to Khojagii...
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Russia is lagging behind in Municipal Solid Waste (MSW) management but with recent announcements to invest more in this industry Russia offers Hugh opportunities to companies who can provide waste management and recycling technology and services. With economic development and a rising middle class with higher disposable incomes comes the headache of...
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Our institutions - the European Investment Bank Group (EIB Group), the World Bank Group and the European Bank for Reconstruction and Development (EBRD) - have today agreed on a new Joint Action Plan, aimed at supporting economic recovery and growth in Central and South Eastern Europe. The Action Plan, a direct response to the continuing impact of Eurozone...
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Head of the EU Delegation in Serbia Vincent Degert stated in Kraljevo that he is certain that Serbia and the Union will soon commence accession talks. We have taken many steps together and some steps are yet to be taken, Degert said adding that only a little bit more is to be done on this course. I know the remaining tasks and I am convinced that we will...
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The completion of EU accession negotiations is a key milestone for Croatia. The country is scheduled to join the European Union on 1 July 2013 after a convincing endorsement of the Accession Treaty in a referendum and subsequently by parliament. "Important progress has been made in the transport sector. Road sector reform has advanced significantly...
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