EBRD boss supports Serbia’s EU path
Serbia has been on a right road to the European Union, but further reforms in economy are needed to secure the country’s leadership in business environment, president of the European Bank for Reconstruction and Development Suma Chakrabarti said in Belgrade on Thursday. He added the EBRD managed to increase investment to around EUR 500 million […]
EPS to initiate tenders for small hydro units
Electric power utility of Serbia (EPS) announced it intends to use the proceeds of a loan from the European Bank for Reconstruction and Development for four tenders, three of which are expected to be launched during the last quarter of the year. The whole project has a total estimated cost of EUR 37 million. The overall […]
Banja Luka, EBRD ink heating plant restructuring deal
Mayor of Banja Luka Slobodan Gavranović, director of the local district heating utility Mićo Milovanović and head of the European Bank for Reconstruction and Development’s office in Bosnia and Herzegovina Ian Brown signed a mandatory letter on the operational and financial restructuring of Toplana a.d. Banja Luka, news agency Srna reported. The contract also includes investments in […]
EBRD funds clean technology in Tüpraş, Şişecam
A long-term loan agreement of EUR 42 million was signed by the European Bank for Reconstruction and Development and glass producer Türkiye Şişe ve Cam Fabrikaları AŞ (Şişecam), with the aim to finance recycling and energy efficiency. The bank said it will also support the largest resource efficiency program in the Turkish industrial sector to […]
Investors in Vranduk brief locals on project schedule
People from the community living in the vicinity of the location of future hydropower plant Vranduk convened with investors, contractors and the representatives of the European Bank for Reconstruction and Development in the refurbished social centre after works started at the end of last month. The meeting, held on August 3, was organized to lay […]
EBRD seeks consultant for Green City project in Tirana
The European Bank for Reconstruction and Development said it intends to engage a consultancy firm to assist the authorities of the capital of Albania Tirana in development of a Green City action plan (GCAP) that will comprehensively assess the priorities for the city’s sustainable development in the short- and medium-term, encompassing all sectors under the […]
EBRD’s chief Chakrabarti touring Western Balkans
The last three years had been very productive for the European Bank for Reconstruction and Development in Montenegro, accounting for around half of the total EUR 530 million of investments in the country since it started work there, said Suma Chakrabarti, the international financing institution’s president. During his visit to the former Yugoslav republic within […]
EBRD sets EUR 100 million for Vakıfbank to on-lend
The European Bank for Reconstruction and Development said it approved EUR 50 million or its equivalent in dollars or Turkish liras to Vakıfbank (Türkiye Vakıflar Bankası t.a.o.) under the Turkey Sustainable Energy Financing Facility 3 (TurSEFF 3). Another EUR 50 million was set under Turkey Sustainable Energy Financing Facility Framework Ext 1 (TurSEFF 2). The […]