EU/ERBD News
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Long-term rouble funding for an energy efficient tyre plant
The EBRD will provide long-term rouble funding for an energy efficient tyre plant to be built by Germany’s Continental group in central Russia to meet demand for quality tyres in one of the world’s fastest growing auto markets.
The eight-year EBRD rouble loan, equivalent to €90...
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The European Bank for Reconstruction and Development (EBRD) forecasts a recovery of Serbia in 2013 and the growth of the GDP by 1.1%, but states that several weaknesses have been perceived in the Serbian economy. As specified in the latest quarterly report of the EBRD, after an economic growth of some 2% in 2011, the GDP will drop by 0.7% in 2012. Such...
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Completed with EBRD and IIDSF financing, state-of-the-art combined cycle gas turbine will replace lost capacity after the closure of Ignalina nuclear plant.
Tuesday 23 October, 2012 will mark the inauguration of a new state-of-the-art combined cycle gas turbine (CCGT) unit at Lithuanian Power Plant (LPP), with a capacity of 455 MW. The construction was...
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Emissions of greenhouse gases in the European Union (EU) fell on average by 2.5 % from 2010 to 2011, although several countries increased emissions. Almost all European countries are individually on track towards their commitments under the Kyoto Protocol compared to last year, according to two reports published today by the European Environment Agency (EEA)....
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More than 21 % of the land has some kind of protected status in the 39 countries which work with the European Environment Agency (EEA). However, only 4 % of the sea controlled by countries of the European Union is included within the Natura 2000 network of protected areas, according to a new report from the EEA. A ‘protected area’ can be any...
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A major waste of a natural resource can be turned into profitable development investments, said the EBRD President Sir Suma Chakrabarti today in London. In his opening remarks for the Global Gas Flaring Reduction Forum, organised by the World Bank and hosted by the EBRD in London on 24-25 October 2012, President Chakrabarti said: “Reducing gas flaring...
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Up to €13.85 million to Valcea water utility will help extend and modernise water and wastewater networks Author(s): Svitlana Pyrkalo Date: 19 October 2012 The EBRD is continuing to support the modernisation of water infrastructure in Romania with an up to €13.85 million loan for a project, co-financed with...
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A delegation of the EBRD Board of Directors will pay a five-day visit to Poland on 22-26 October 2012 Author(s): Svitlana Pyrkalo Date: 18 October 2012 A delegation of the EBRD Board of Directors will pay a five-day visit to Poland on 22-26 October 2012. The visit will cover the capital Warsaw as well as Ostrowiec Świętokrzyski...
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€5.7 million financing programme to support Ukrainian renewable energy sector Author(s): Anton Usov Date: 08 October 2012 The EBRD is actively promoting the use of renewable energy in Ukraine in order to reduce the country’s dependence on imported fossil fuel and to improve its energy security. The latest initiative...
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PLN 300 million for first LNG terminal in region which will supply a third of Poland’s current gas needs Author(s): Svitlana Pyrkalo Date: 04 October 2012 Diversification of sources and routes and switching to cleaner fuels are key items on Poland’s energy agenda. The country, which imports most of its gas...
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