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 […]
EBRD appoints Matteo Colangeli chief of Albanian office
The European Bank for Reconstruction and Development said Matteo Colangeli was named head of operations in Albania. Based in Tirana, he will take up his position on September 1, succeeding Christoph Denk, who has returned to the headquarters as director for country strategies and results. Matteo Colangeli joined the bank’s natural resources team in London […]
Piraeus Bank Bulgaria to finance residential energy efficiency
The European Bank for Reconstruction and Development (EBRD) said it is providing a EUR 10 million loan complemented by technical assistance to Piraeus Bank Bulgaria (PBB). The loan is provided under the new extension of the Residential Energy Efficiency Credit Line (REECL), a framework established by the EBRD in 2005. As the partnership continues, PBB […]
BPB Bank enters EBRD’s green energy programme
A new bank in Kosovo* has joined the energy efficiency financing programme of the European Bank for Reconstruction and Development. Under an agreement signed by Suma Chakrabarti, EBRD’s president, and Arton Celina, the chief executive officer of BPB, the bank will receive a EUR 1 million credit line for on-lending to small and medium-sized enterprises […]
EBRD, FAO produce study on use of animal waste
A study on the possibilities to utilize animal by-products was presented in Belgrade at the meeting of working groups for meat and milk, within a project of public–private political dialogue. It is implemented in Serbia by the Food and Agriculture Organization of the United Nations and the European Bank for Reconstruction and Development, which financed the […]
KESH secures EUR 218 million loan from EBRD
The European Bank for Reconstruction and Development is supporting the modernization of Albanian Power Corporation (Korporata Elektroenergjitike Shqiptare – KESH sh. a.), the largest generator of electricity in Albania, with a EUR 218 million. The state-owned utility provides 70% of domestic generation and is active in the regional energy-generating sector. Helping KESH in restructuring and […]
EBRD supports expansion of solar energy in Cyprus
The European Bank for Reconstruction and Development (EBRD) said it is providing EUR 10 million in debt financing for the construction, development and operation of five photovoltaic parks with total capacity of 11.9 MW. The investment will strengthen efforts in Cyprus to reduce climate change emissions and dependency on imported fuels, according to the statement. […]
