The FINANCIAL

EIB supports Ukrainian city with €31.6 mln loan to upgrade heating supply

The FINANCIAL -- The European Investment Bank (EIB) will support the upgrade of the municipal district heating system in the Ukrainian City of Kryvyi Rih with a €31.6 million loan, supplemented by a €6.4 million grant from the Eastern Europe Energy Efficiency and Environment Partnership (E5P). The Kryvyi Rih District Heating Modernisation project is part of the broader Ukraine ...

Georgia marked ten years of progress in arbitration

The FINANCIAL -- Since the adoption of a model legal framework ten years ago, Georgia has set the precedents and trained the skilled cadre needed to make arbitration a viable means for commercial ...

IFC invests $35 mln in Prime Bank to help Bangladeshi SMEs continue their operations

The FINANCIAL -- IFC is helping to preserve thousands of jobs in Bangladesh through an investment in Prime Bank Limited to support small and medium enterprises (SMEs) and companies affected by the ...

EIB provides support to secure drinking water supply in Greater Tunis

The FINANCIAL -- The European Investment Bank (EIB), the financing institution of the European Union, has announced that it has signed two finance contracts totalling €38 million with Tunisia and ...

Grand opening of Kutaisi International University

The FINANCIAL -- "It is the most significant and greatest occurrence that has happened in our country in recent years!" announced Giorgi Gakharia, Prime Minister of Georgia at the grand opening of ...

EBRD encourages innovation in green trade finance

The FINANCIAL -- Combining all three elements the European Bank for Reconstruction and Development (EBRD) is joining this year’s NTT DATA Open Innovation Contest as a partner in the search for ...

EIB and EBS signed €30 mln loan to help recovery of Serbian SMEs

The FINANCIAL -- The European Investment Bank (EIB) and Erste Bank AD Novi Sad (EBS) have agreed on a €30 million loan to enable the strong recovery of small and medium-sized enterprises (SMEs) ...

EBRD approved new 5-year strategy for Greece

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 ...

EBRD finances energy efficiency improvements in Dnipro public buildings

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 ...

Government debt up to 87.8% of GDP in EU

The FINANCIAL -- At the end of the second quarter of 2020, the quarter in which the impacts of the containment measures as well as policy responses to the containment measures fully materialised in ...

Recession deepens in Western Balkans, World Bank's report says

The FINANCIAL -- The COVID-19 pandemic has plunged the Western Balkans region into a deep recession, with drops in both domestic and foreign demand, coupled with disruptions in supply chains, forcing ...

Vietnam signed deal with World Bank to cut carbon emissions

The FINANCIAL -- Vietnam’s Ministry of Agriculture and Rural Development signed a landmark agreement today with the World Bank’s Forest Carbon Partnership Facility (FCPF), unlocking up to ...

EU removed more countries from safe countries list

The FINANCIAL -- Following a review under the recommendation on the gradual lifting of the temporary restrictions on non-essential travel into the EU, the European Council updated the list of ...