News

Matteo Colangeli to be EBRD’s Western Balkans, Serbia chief

Matteo Colangeli EBRD's Western Balkans, Serbia chief

Photo: EBRD

Published

April 1, 2021

Country

Comments

0

Share

Published:

April 1, 2021

Country:

Comments:

0

Share

Matteo Colangeli, who heads the EBRD’s operations in Albania, was promoted to director for the Western Balkans and head of Serbia. He is set to replace Zsuzsanna Hargitai, the next managing director for Central Asia, in mid-May.

Matteo Colangeli has been appointed new director for the Western Balkans region and head of Serbia for the European Bank for Reconstruction and Development (EBRD). He will oversee the bank’s operations in Albania, Bosnia and Herzegovina, Kosovo*, Montenegro, North Macedonia and Serbia, where he will be based.

Last year alone, the EBRD invested EUR 1.3 billion in the Western Balkans, the announcement adds. The bank said its focus is on strengthening the private sector, the promotion of green transition and on boosting connectivity within the region and with European neighbors.

Green development, recovery from coronavirus impact are priorities for Western Balkans

Colangeli is currently heading the EBRD’s operations in Albania. “I am very proud to take up this role and determined to continue strengthening our delivery in the region. We will focus on building back better after the COVID-19 pandemic and work with our partners towards greener, more inclusive and digitalized economies in the Western Balkans,” he said.

An Italian national, Colangeli joined the EBRD in 2005 as a banker in London. He went on to regional banker roles in Ukraine and Bulgaria, especially in the field of energy, before being appointed head of Albania in 2016. Colangeli holds a master’s degree from the London School of Economics and Political Science.

Hargitai takes over EBRD’s activities in Central Asia

Starting on May 17,  he will succeed Zsuzsanna Hargitai, who has been appointed managing director for Central Asia. She will oversee the operations in Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan and Uzbekistan, where the EBRD has invested USD 16.5 billion or EUR 13.7 billion through almost 890 projects to date, according to the announcement.

“I am very excited about this opportunity to further strengthen and intensify the EBRD’s activities in this strategically important part of the world. Central Asia holds so much promise and its role is only bound to grow in the coming years. From private sector support to the greening of the local economies, from closing the infrastructure gap, including digitalization, to promoting economic inclusion, the EBRD has significant contributions to make to successfully tackling the challenges ahead,” Hargitai stated.

She is succeeding André Küüsvek, who was appointed president of the Nordic Investment Bank earlier this year. Hargitai spent three years in the current position.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Plastic bag free day and Plastic free July – not only consumers' responsibility

Plastic Bag Free Day, Plastic Free July – not all responsibility is on consumers

03 July 2022 - Recent studies revealed that microplastic pollution is taking on new forms and shapes that threaten human health

coal-power-generation-eu

Fossil fuels returned as top energy source in EU power generation in 2021

01 July 2022 - Among renewable sources, the biggest increase in 2021 was seen in electricity produced from solar energy, 13%,

Floating wind farm project unites fishermen, investors in Ireland

01 July 2022 - A joint 2 GW floating wind farm project is the first cooperation in the world between the two opposing sectors.

Voltalia breaks ground Albania biggest solar park Western Balkans Karavasta

Voltalia breaks ground in Albania for biggest solar park in Western Balkans

01 July 2022 - The site for the Karavasta solar park spans 196 hectares in Fier county in Albania's west. The planned capacity is 140 MW.