KfW

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.

BELGRADE - A MoU on strategic partnership on sustainable raw materials, battery value chains and electric vehicles was signed by Serbia and the EU in Belgrade on Friday at a ceremony also attended by Serbian President Aleksandar Vucic and German Chancellor Olaf Scholz.

BELGRADE - EU Enlargement Commissioner Oliver Varhelyi met with Serbian PM Milos Vucevic and the members of his cabinet on Tuesday morning to discuss "outstanding issues" of a reform agenda under an EU Growth Plan for the Western Balkans.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic met with EU Ambassador to Serbia Emanuele Giaufret, European Commission (EC) representatives and delegations of several international financial institutions on Thursday.

BELGRADE - Amendments to an agreement to build a wind park in Kostolac, eastern Serbia, were signed in the Serbian government on Monday.

BELGRADE - Serbian Finance Minister Sinisa Mali met with KfW's director for southeast Europe and Turkey Klaus Muller on Tuesday to discuss current projects in Serbia supported by the German development bank.

Apart from the obvious threat of the coronavirus, students are also struggling to deal with the financial problems that the outbreak has created.

According to a survey Studying-in-Germany.org conducted, 90% of international students in Germany are financially affected because of Covid-19.

The German Ministry of Economy said the decision was based on "taking into account the security policies" and "a strong interest in protecting key energy infrastructure."

Green bonds, also known as climate bonds, are liabilities issued to finance green projects, such as renewable energy, energy efficiency or clean water projects. They’re proving more and more popular. In 2016 alone, the volume of newly issued liabilities more than doubled from €32 to €68 billion worldwide compared to a year before.

Between its loans to Athens and its debt buying programmes, Germany has cashed in to the tune of €1.34bn since the beginning of the Greek crisis.

Germany’s finance ministry has published details of the profits it has made on loans to Greece: €1.34bn since 2009, according to reports by German daily Süddeutsche Zeitung.