European Bank for Reconstruction and Development

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.

The European Bank for Reconstruction and Development (EBRD) has provided a fund of €40 million (over $47.9 million) to boost Turkey's resource efficiency and renewable energy projects.

In its first transaction with Turkish leasing firm Is Finansal Kiralama, the bank is providing loan to finance investments in green projects, according to a press release issued on Feb. 5. 

The utilization of the loans Greece will receive via the Next Generation EU fund, amounting to 12.7 billion euros, for the financing of private investments is proving one of the hardest fields of negotiation for the approval of the Greek recovery plan, as talks are ongoing.

The European Bank for Reconstruction and Development (EBRD) on Jan. 14 said it has hiked its financial support to Turkey amid its fight against the COVID-19 pandemic.

"The Bank stepped up its financing in Turkey to €1.7 billion ($2 billion) in 2020 through 33 projects, from €1 billion in 35 projects in 2019," it said in a statement.

"We expect our country to join the eurozone in 2024. The main tasks of the Bulgarian Government on the way to achieving this goal are related to the fulfilment of the subsequent commitments under the Roadmap after the accession of the Bulgarian Lev to ERM II, as of July 10, 2020. 

The European Bank for Reconstruction and Development (EBRD) and the Industrial Development Bank of Turkey (TSKB) will jointly provide €1 million ($1.2 million) in financing to an innovative medical equipment producer, the EBRD said on Dec. 29. 

"We want to finish everything that came to us from the government, and the independent institutions," the Speaker of the National Assembly of the Republic of Serbia Ivica Dacic told TV Prva. He said that the regular session lasts until midnight on December 29.

The European Bank for Reconstruction and Development (EBRD) said on Thursday it will end its engagement in Cyprus at the end of this year after completing a six-year mandate in which it invested about 600 million euros. 

The end of the EBRD's mandate means the bank will stop investing in new projects on the island but will continue to manage an existing portfolio.

The European Bank for Reconstruction and Development (EBRD) stands ready to participate in bond issues and other investment initiatives by local business groups in Greece, with its total investment, after the implementation of initiatives in response to the coronavirus crisis, expected to exceed 4 billion euros.

The European Bank for Reconstruction and Development (EBRD) on June 10 said it will support the growth of small businesses in Turkey, especially ones led by women.

The bank will be joined by the JPMorgan Chase Foundation, which became the first private-sector philanthropic organization to co-finance grants for EBRD.