EBRD First

The European Bank for Reconstruction and Development (EBRD) has provided a $100 million fund for Denizbank to support companies' investments in green technologies and women-led businesses in Turkey amid the COVID-19 pandemic.

The loan with a long-term maturity of up to seven years will help to build the resilience of the Turkish economy, the EBRD said in a statement on Feb. 19.

According to an EBRD press release, the financial package includes a EUR 60 million loan from the EBRD and a EUR 104 million loan from the International Finance Corporation (IFC) - whose financing includes a EUR 60 million A loan from IFCs own account and a loan of EUR 44 million from IFCs Managed Co-Lending Portfolio Program (MCPP).

Aleksandar Vucic has requested EBRD's support in restructuring the RTB Bor mining and smelting complex and other public enterprises.

The Serbian prime minister did this during his meeting in Belgrade on Tuesday with EBRD First Vice President Philip Bennett.

The European Bank for Reconstruction and Development (EBRD) and Borsa Istanbul have finalized the bank's purchase of a 10 percent stake in the Turkish stock exchange.

The European Bank for Reconstruction and Development (EBRD) is entering exclusive negotiations to acquire a 10 percent stake in Borsa Istanbul, in a landmark deal which will support Turkey's efforts to reshape its capital markets, the EBRD has said in a statement.

 European lender will wait and see whether the next government is focused on the country?s commitments

By Evgenia Tzortzi

A Greek exit from the eurozone -- or Grexit -- would undermine the model of euro stability, a senior European Bank for Reconstruction and Development (EBRD) official said on Tuesday, but the EBRD does not expect it to happen.