A digest of recent news from the EBRD.
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Project signings and agreements
EBRD lends €150 million for key railway line from Istanbul to Bulgarian border
A €150 million loan to the Turkish government will finance the construction of a 67 km section of the high-speed railway line from Istanbul to the Bulgarian border. The investment will further support Turkey’s transition to a low-carbon economy.
EBRD backs sustainability-linked bond issued by Romania’s mobility firm Autonom
The bank is investing €10 million in a €48 million bond issued by Autonom, a Romanian car leasing and rental company. This is Romania’s first sustainability-linked bond and it signals the company’s commitment to significantly reducing its carbon footprint.
EBRD issues first TONIA-linked local-currency bond
The EBRD is supporting the development of the local capital market in Kazakhstan by issuing the first ever local-currency bond linked to the new tenge overnight index average rate, or TONIA. KZT 12,500 million of the three-year bonds were auctioned at full issue price on the Kazakhstan Stock Exchange.
EBRD, EU and Attijari bank strengthen small businesses in Tunisia
The Bank is providing Attijari bank with an unfunded risk-sharing guarantee on 50 per cent of a loan to Compagnie Internationale de Leasing. Attijari Bank will extend a loan of up to TND 20 million to CIL for on-lending to local MSMEs in need of financial support to cover liquidity shortages due to the coronavirus pandemic.
EBRD and Piraeus Bank support Ukrainian packaging producer Tatrafan
To support competitiveness of Tatrafan LLC, the PBU is providing a €3.1 million loan, while the EBRD takes half of the risk on its books under the EBRD Risk Sharing Facility. Tatrafan will use the financing to increase its production capacity as well as to cover working-capital and capital-expenditure needs.
EBRD supports small businesses in West Bank and Gaza
A US$ 3 million SME credit line to Vitas Palestine will be on-lent to local MSMEs to support their development and help mitigate the economic impact of the coronavirus pandemic.
Izumrud Tazalyk Servis leads the green wave in Kyrgyz Republic
Izumrud Tazalyk Servis (‘Emerald Cleanliness Service’) has benefitted from EBRD and Swiss support through the Small Business Impact Fund, and is setting the pace for the collection and separation of solid waste for recycling.
EBRD helps Ukraine's Best Alternativa improve quality of gluten-free goods
With funding from the United States, the EBRD helped the small business implement a food quality and safety management system and enhance its competitiveness on the local market.
EBRD and We-Fi help woman-led Uzbekistan restaurant go digital
The EBRD’s Advice for Small Businesses programme, funded by the Women Entrepreneurs Finance Initiative (We-Fi), helped a restaurant in Tashkent to launch a new delivery service and build its brand awareness.
Empowering people with diabetes in Egypt
With support from South Korea, the EBRD supported the development of Mazboot, the first health app in Egypt especially designed to support people suffering from diabetes.
EBRD, EU and Sweden help Georgian firms unlock the power of digital sales
During Georgia’s first Covid-19 lockdown of March 2020, the number of registered shops on Georgian e-commerce platform B2C.GE tripled. The EBRD, Sweden and EU supported B2C.GE to improve its services and functionalities to cope with the increased online traffic, as well as to make their services accessible to smaller, local companies.
EBRD and FAO boost the digitalisation of agribusiness in Montenegro
A story of how a young entrepreneur is pushing the frontiers of innovation in Montenegro, with support from the FAO and the EBRD and its donors – Italy through the Central European Initiative, the Western Balkans Enterprise Development & Innovation Facility and the Shareholders Special Fund.
Helping Xenia Design go digital
Under the EBRD's Women in Business programme, we helped designer Ksenija Vrbanic launch a sleek website, give her designs a new digital life and adapt to doing business in a pandemic.
EBRD in the media
EBRD President says investors need to see a clear and credible policy framework in Turkey amid currency crisis.
In an interview to Reuters, EBRD President spoke about her recent discussion with Turkey’s President Tayyip Erdogan and the issue of high inflation in the country.
Banks are withstanding Covid-19 crisis, Vienna Initiative says
Banks in central and south eastern Europe have so far proved resilient to the coronavirus pandemic, the Vienna Initiative says.
According to the most recent NPLs report the Covid-19 crisis has not yet fully materialised into a significant worsening of banks’ asset quality as initially feared.
EBRD on social media
Do you know what the digital divide across the EBRD regions is? Why is Estonia a champion? How is Ukraine's digital currency performing? Our 2021-2022 Transition Report launch event is out as a podcast!
Albania’s Ministry of Infrastructure and Energy (MIE) has launched the country’s first on-shore utility-scale wind tender
We've launched a care economy policy engagement to improve municipal regulation for enhanced childcare in Turkey