By Nigina Mirbabaeva The EBRD is lending €150 million(US$162.20million) to Moldova to finance the rehabilitation of key roads in Moldova and around its capital, Chisinau. The loan will allow the government to upgrade and widen the M2 Chisinau ring road, upgrade the M1 Chisinau to Leuseni section, and purchase specialised...

By Rezo Bitsadze The European Bank for Reconstruction and Development (EBRD) invested a record €846 million in Serbia last year, up by nearly €200 million(US$216.3million) from 2022 and well above the previous all-time high of €679 million in 2020. EBRD Regional Director for the Western Balkans Matteo Colangeli said: “We...

By Nigina Mirbabaeva The European Bank for Reconstruction and Development (EBRD) invested a record €1.3 billion(US$1.4billion) in Poland in 2023. This beats the previous record of €990 million invested in 2022 and made Poland the EBRD’s third largest market last year. EBRD Regional Head for Poland the Baltic states Elisabetta...

By Dilara Sarı The European Bank for Reconstruction and Development (EBRD) is providing a €60 million(US$65.7million) loan to Bulgaria’s ProCredit Bank to finance investments that mitigate the impacts of climate change and promote environmental resilience. The proceeds of the loan will be allocated for on-lending to green projects in Bulgaria...

By Joel Cela In an innovative move, the European Bank for Reconstruction and Development (EBRD) is providing its first Guarantee for Growth (G4G) facility to Raiffeisen Bank in Kosovo, aiming to boost funding for micro, small and medium-sized enterprises (MSMEs). The EBRD guarantee, worth up to €20 million(US$21.9million), will be...

By Nigina Mirbabaeva The EBRD is extending a financial package of up to PLN 126.1 million  or €29 million equivalent(US$31.7million) to Baltic Sea Polska II sp. z o.o. and C&C Wind sp. z o.o. – both subsidiaries of Eurowatt Green Energy Group SA (Eurowatt) – to support the further development...

By Julius Ewudo, ASEAN Region Representatives An innovative initiative by the Victorian government, The Victorian Energy Upgrade, is revolutionizing the approach towards home energy efficiency. This programme, evolving through various iterations from LED lighting to heat pumps, has broadened its scope to encompass a range of household appliances, assessments, and...

By Nigina Mirbabaeva The European Bank for Reconstruction and Development (EBRD) is committing up to €100 million(US$109.6million) to Taaleri SolarWind III, a fund currently being raised by Taaleri Energia, a Finland-based fund manager. The investment is expected to enable the construction of 800 MW of new renewable energy capacity across...

By Godson Umejiego, Bureau Chief, The Americas The Pandemic Fund’s Governing Board approved a grant envelope of US$500 million for its second round of funding to help low- and middle-income countries scale up efforts to better prepare for future pandemics. Interested eligible countries, Regional Entities, and Implementing Entities are invited...

By Anton Usov The European Bank for Reconstruction and Development (EBRD) is contributing to greater efficiency of agricultural production in Kazakhstan by extending a US$ 10 million loan to Atameken-Agro, one of the largest vertically integrated agricultural holdings in the country. Atameken-Agro will use the funds to support the modernisation,...