European Bank for Reconstruction and Development

Odile Renaud-Basso, the president of the European Bank for Reconstruction and Development (EBRD), has announced that the bank's investments in Türkiye have reached 2.2 billion euros so far this year, bringing total investments to over 21 billion euros.

World Bank Türkiye Director Humberto Lopez has announced plans for a $750 million project to upgrade the country's electricity transmission lines within the next six months, with an additional $750 million investment planned in the coming years.

European Bank for Reconstruction and Development (EBRD) President Odile Renaud-Basso has embarked on a four-day visit to Türkiye, where she will engage in high-level meetings in Ankara and Istanbul.

"This visit reaffirms our dedication to supporting Türkiye's vision for inclusive growth, innovation and a greener future," Renaud-Basso said.

The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to 50 million euros for Tenevo Solar Technologies EAD to build and operate a solar photovoltaic plant in southeastern Bulgaria. The project will produce over 300 GWh of electricity annually and help reduce carbon emissions by 250,000 tonnes per year.

Bulgaria and North Macedonia have reached an agreement on the technical parameters for building the railway section of Corridor 8, according to a statement from the Ministry of Transport.

Bulgaria and North Macedonia have reaffirmed their commitment to advancing the construction of rail Corridor 8 as part of the Trans-European Transport Network Regulation.

The European Bank for Reconstruction and Development (EBRD) has revised its growth forecast for Bulgaria's economy for the upcoming two years, as reported by BTA. The bank now expects a slowdown of 0.4% this year, predicting a growth rate of 2.2%, down from previous estimates.

Representatives of the European Bank for Reconstruction and Development (EBRD) board of directors are in Türkiye for a visit that will last until Sept. 20 as part of a regular series of consultations in the economies where the bank operates.

The European Bank for Reconstruction and Development (EBRD) is providing a $60 million loan to Türkiye's Borusan EnBW Enerji to finance the development and construction of 116 MW of onshore wind energy capacity in Sivas and Tekirdağ.

The European Union has issued a stern warning to the Macedonian government regarding the allocation of funds for Corridor 8, stressing that these funds must not be redirected to other projects or transport corridors.