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.

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.

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.

Multilateral lender Climate Investment Funds (CIF) has agreed to back a $1 billion plan to upgrade Turkey's electricity grid so it can handle more renewable energy by providing an initial investment to the project, it said on Thursday.

BELGRADE - Serbian President Aleksandar Vucic and European Commission President Ursula von der Leyen, who is on a two-day working trip to Serbia, visited the HTEC Group on Friday for a presentation of projects financed by IPA funds and the EBRD.

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.

BELGRADE - Under an agreement signed in the Serbian government building on Tuesday, Serbia will receive a 50 mln euro EBRD loan for urgent reconstruction of its railway infrastructure.

Aleksandar Nikoloski, the Minister of Transport of North Macedonia, announced that he expects to meet with Bulgarian representatives to discuss a new joint railway project that would connect the two countries. The railway, which is part of Corridor No. 8, would link Skopje with Sofia and extend to the Black Sea.

The Turkish banking sector maintains its "strong" capital structure despite fluctuations in the profitability of banks, Francis Malige, financial institutions managing director at the European Bank for Reconstruction and Development (EBRD), told state-run Anadolu Agency.

BELGRADE - Serbian Minister of Information and Telecommunications Dejan Ristic met with the EBRD Director for the Western Balkans Matteo Colangeli in Belgrade on Monday.

The parties said successful implementation of joint projects would be continued.