European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) announced on Thursday it will finance Invel Real Estate's acquisition of a stake in NBG Pangaea, Greece's largest real estate investment company, in a bid to promote sustainable, environmental investments in the Greek real estate sector.

The European Bank for Reconstruction and Development (EBRD) expects gradual recovery in the Turkish economy in 2020 after the start of a recession at the end of last year which is expected to result in economic contraction in 2019.

The European Bank for Reconstruction and Development (EBRD) expects Greece's recovery to continue this year and next, with growth projected to rise to 2.2 percent in both 2019 and 2020, after a 1.9 percent rate in 2018.

The Romanian economy will grow by 3.2 percent this year, compared with a 3.6-percent forecast issued in November, indicate the latest forecasts released on Wednesday by the European Bank for Reconstruction and Development (EBRD). For 2020, the EBRD expects another 3.2-percent expansion in Romania's Gross Domestic Product (GDP).

Brnabic will start her visit to Sarajevo with a working meeting with EBRD President Sumo Chakrabarti.

European Bank for Reconstruction and Development (EBRD) President Suma Chakrabarti told RTS that migration of skilled workers has a negative effect on productivity, and that negative growth effects can also lead to the departure of low-skilled labor.

Five offers from international companies with extensive experience in the sector have been submitted for the concession of Sofia Airport. Currently, the commission conducts the procedure to verify that the applications submitted meet the requirements of the tender procedure.

They discussed "cooperation to date and plans for the future projects of the EBRD in the Republic of Serbia," the government has announced.

The 3-billion-euro loan recently drawn by the Government "has the highest cost of Romania's history," the interest being almost 2.2 billion euro, Pro Romania party Chairman and former PM Victor Ponta told a press conference on Sunday. He spoke of the 3-billion-euro loan which the Government, the Finance Ministry took in only one day.

Mrs. Yana Topalova, Deputy Executive Director of Bulgarian Small and Medium-sized Enterprises Promotion Agency (BSMEPA), will open small businesses support forum in Varna and Burgas. Representatives of EBRD, Ministry of Economy and the Agency will explain the opportunities for growth and competitiveness of small and medium-sized companies in the country.