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European Bank for Reconstruction and Development

Ukraine’s national postal service UkrPoshta set for overhaul in rural areas with EBRD help

2 mins read

The FINANCIAL — Millions of people in rural Ukraine will benefit from transformed postal and delivery services thanks to a €63 million loan from the European Bank for Reconstruction and Development (EBRD) to UkrPoshta, the national postal service. Matteo Patrone, EBRD Managing Director for Eastern Europe and the Caucasus, said: “We are living in a digital era, but postal and delivery services remain a necessity. I welcome UkrPoshta’s ambition for a dramatic transformation that will allow 15 million people in rural Ukraine to use fast, convenient and reliable postal services.” The EBRD loan will finance the modernisation of the company’s logistics infrastructure and its operating…

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Ukraine’s national postal service UkrPoshta set for overhaul in rural areas with EBRD help

2 mins read

The FINANCIAL — Millions of people in rural Ukraine will benefit from transformed postal and delivery services thanks to a €63 million loan from the European Bank for Reconstruction and Development (EBRD) to UkrPoshta, the national postal service. Matteo Patrone, EBRD Managing Director for Eastern Europe and the Caucasus, said: “We are living in a digital era, but postal and…

10 of the world’s largest multilateral development banks increase commitment to road safety

1 min read

The FINANCIAL — In a virtual meeting, the European Investment Bank (EIB) and nine other multilateral development banks (MDBs) signed a high-level joint statement on road safety, under the auspices of the World Health Organization and the United Nations Road Safety Collaboration.   In the statement, the MDBs welcome the global call for increased road safety action,…

EBRD expands listed SME support to the Baltic states

2 mins read

The FINANCIAL — Following the successful launch of its dedicated research programme in May in support of the development of small and medium-sized enterprises (SMEs), the European Bank for Reconstruction and Development (EBRD) is expanding the initiative to the Baltic states. Based on an agreement with Nasdaq Baltic, the operator of the stock exchanges in Estonia, Latvia and Lithuania, the programme will…

EBRD provides €15 mln loan to ProCredit Bank Macedonia

1 min read

The FINANCIAL — A loan of up to €15 million by the European Bank for Reconstruction and Development (EBRD) to ProCredit Bank Macedonia (PCBM) will help local micro, small and medium-sized enterprises (MSMEs) in North Macedonia to cope with the economic fallout of the coronavirus pandemic. The EBRD funds will address the liquidity needs of small businesses that are experiencing a…

Emerging economies at crossroads as state role set to grow in wake of Covid-19

2 mins read

The FINANCIAL — As the coronavirus pandemic sparks calls for more state intervention, emerging economies face tough choices to determine whether an increased role for government will have positive or negative long-term consequences. The latest Transition Report from the European Bank for Reconstruction and Development (EBRD) says 45 per cent of people in the EBRD’s post-communist economies now favour…

EBRD and Baltic states to develop regional market for commercial papers

2 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the central banks of Estonia (Eesti Pank), Latvia (Latvijas Banka) and Lithuania (Lietuvos Bankas) are joining forces to develop a regional market for commercial papers. Commercial papers (CPs) are short-term unsecured promissory notes issued by companies with a fixed-term maturity and used to…

EBRD invested €55.8 mln to support green transition of Poland’s electricity producer Tauron

1 min read

The FINANCIAL — Tauron Polska Energia, one of the largest energy firms in Poland, is moving from fossil fuels to renewable sources of energy with the support of the European Bank for Reconstruction and Development (EBRD). The EBRD has invested PLN 240 million (equivalent to €55.8 million) for 24 per cent of a PLN 1 billion local currency…

Split to become new Barcelona

2 mins read

The FINANCIAL — The coronavirus pandemic has hit the global tourism industry particularly hard. Covid-19 will change tourism, but will not end it. The human desire to explore will remain insatiable. One of the lessons to draw from the current crisis is how to meet this demand sustainably, finding the right balance between preservation and the creation…

EBRD e-training helps make road design greener

3 mins read

The FINANCIAL — Engineers designing and building roads in the EBRD regions are, through exposure to EBRD projects, finding out more about both how to incorporate international best practice in road safety into their work and, most recently, in climate resilience too. “Talking about climate resilience in our training is quite new, because road engineers are not environmental people and…

EBRD approves €20 million loan to Banca Intesa Beograd

1 min read

The FINANCIAL — A loan of up to €20 million by the European Bank for Reconstruction and Development (EBRD) to Banca Intesa Beograd will help businesses and municipalities in Serbia to cope with the economic fallout of the coronavirus pandemic. The EBRD funds will address the liquidity needs of corporates, small businesses and municipalities that are experiencing a decrease in their…

EBRD and Raiffeisen Bank BIH to support women in business

1 min read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank BiH are joining forces to support women-led enterprises in Bosnia and Herzegovina with a credit line of up to €2 million. The funds will be on-lent to micro, small and medium-sized enterprises run by female entrepreneurs facilitating access to finance which often remains challenging. This…

EBRD acquires stake in Adriatic Metals

1 min read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) has acquired a 2.62 per cent stake in Adriatic Metals PLC to support development of the Vareš silver project in Bosnia and Herzegovina. The Bank’s investment of GBP 6.2 million (€6.62 million equivalent) will be used to finance the transition from exploration to mine development.…

EBRD’s Ukraine Public Transport Framework reaches important milestone

1 min read

The FINANCIAL — Over six million inhabitants of 12 cities in Ukraine are benefiting from better and more comfortable public transport thanks to the introduction of almost 400 new trolleybuses financed by the European Bank for Reconstruction and Development (EBRD). The modern, low-floor, energy-efficient and environmentally friendly trolleybuses are also contributing significantly to improvements in the safety…

EBRD approved new 5-year strategy for Greece

1 min read

The FINANCIAL — (EBRD) has approved a new strategy for Greece , which will guide the Bank’s investment and policy engagement in the country during the next five years. The EBRD’s work will include measures in response to the ongoing coronavirus crisis and efforts to support economic recovery. In the period to 2025, the EBRD’s operational and strategic priorities in Greece…

EBRD finances energy efficiency improvements in Dnipro public buildings

1 min read

The FINANCIAL — The central Ukrainian city of Dnipro will improve the energy efficiency of public buildings thanks to a €25 million loan by the European Bank for Reconstruction and Development (EBRD) to the municipal energy management company Dniprovska Municipalna Energoservisna Kompanya. The loan is expected to be complemented by an investment grant of up to €5.5…