The European Bank for Reconstruction and Development (EBRD) and the United States Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) to develop the Trans-Caspian International Transport Route, also known as the Middle Corridor, to further enhance connectivity between Asia and Europe, via the South Caucasus. The partnership will focus on expanding trade, green …
The European Bank for Reconstruction and Development (EBRD) is lending €236 million to Armenia to finance the construction of the southern section of the Sisian-Kajaran road. This is the largest road infrastructure project ever financed by the EBRD in Armenia. It was previously complemented by technical cooperation funding generously provided by the European Union (EU). These funds …
According to a report from the European Bank for Reconstruction and Development (EBRD), the organization has maintained its projections for the Romanian economy in 2024. It cautions that the primary vulnerability continues to be the fiscal position. According to the latest forecasts by the EBRD, Romania’s GDP is expected to grow by 3.2% this year, […]
The European Bank for Reconstruction and Development (EBRD) is lending €10 million to Armenia to finance the construction of a customs and logistics center in the Syunik region. The Bank will also provide a €2 million investment grant via its Shareholder Special Fund to co-finance the project. The country’s new logistics and customs center will enhance the …
The Bucharest Stock Exchange (BVB) and European Bank for Reconstruction and Development (EBRD) will collaborate to review Romania’s market corporate governance code, aligning it with recent regulatory changes and global standards. This initiative aims to enhance governance and reporting quality for listed companies by integrating EU regulatory adjustments, G20/OECD Corporate Governance Principles, and emerging best […]
European Bank for Reconstruction and Development cuts growth forecasts for regions it operates in, saying war ‘casting long shadow’ Ukraine’s war-torn economy faces a renewed threat as Russia’s intensifying war takes its toll on power plants and forces Kyiv to send key workers to the frontline, the European Bank for Reconstruction and Development has warned.In its latest economic update, the EBRD cut its growth forecasts and said more than two years of fighting in Ukraine was affecting not only...
The European Bank for Reconstruction and Development (EBRD) will be hosting its 33rd Annual Meeting and Business Forum in Yerevan, Armenia next week under the banner of “Delivering Impact Together.” The event will be the largest of its kind ever held in Armenia and the choice of location demonstrates the EBRD’s ongoing support for the country and the Caucasus …
The Board of Governors of the European Bank for Reconstruction and Development (EBRD) has today re-elected Odile Renaud-Basso to serve a second term as the Bank’s President. The election took place at the Bank’s 2024 Annual Meeting and Business Forum in Yerevan, Armenia. Ms Renaud-Basso, who first became the Bank’s President four years ago, received the double majority of votes required for election: of both the …
Executive Vice-President and Commissioner for Trade Valdis Dombrovskis will represent the European Union at the European Bank for Reconstruction and Development (EBRD) 2024 Annual Meeting & Business Forum in Yerevan, Armenia, on Wednesday and Thursday. During his mission, EVP Dombrovskis will participate in a panel on Critical Raw Materials (CRM], witness a signing of a …