European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) and the Industrial Development Bank of Turkey (TSKB) will jointly provide 6 million euros ($6.3 million) of financing to a major Turkish flour producer, the EBRD said Feb. 20.        

The European Bank for Reconstruction and Development is in talks with Gulf sovereign wealth funds to invest jointly, and hopes to complete a round of fund-raising for such investments by the end of this year, the bank's president said on Feb. 13.

The EBRD and Serbia have agreed to increase their focus on promoting local currency financing for SMEs in the country.

The illegal economy, political uncertainty, high energy costs, the inefficiency of the state and corruption are the five main obstacles to the development of business activity in Greece. The underground economy is considered the biggest problem of the lot by almost half of the enterprises surveyed by the European Bank for Reconstruction and Development.

The European Bank for Reconstruction and Development says it is ready to invest in northern Cyprus, potentially for years, if a deal to unify the divided island can be reached.

The European Bank for Reconstruction and Development (EBRD) has said it is ready to invest in the Turkish northern side of Cyprus, potentially for years, if a deal to unify the divided island can be reached.

European Bank for Reconstruction and Development (EBRD) chief Suma Chakrabarti told the Global Markets Forum in Davos on Tuesday that the European lender would like to contribute more in the assistance of Greek companies, particularly those who are export-orientated: "We've been operating there for 14 months and already invested nearly 800 million euros.

The European Bank for Reconstruction and Development (EBRD) has said it continued to deliver strong support for Turkey in 2016 with a combination of a powerful investment program and backing of crucial sector policies to modernize the country's economy and build its resilience to shocks. 

Despite talks to resolve the decades-long conflict in Cyprus ending without an agreement, the head of the European Bank for Reconstruction and Development (EBRD) remains optimistic Cypriot leaders on both sides will strike a deal this summer.

The European Bank for Reconstruction and Development (EBRD) on Monday announced it has successfully completed its first transaction in the agribusiness sector in Greece by providing 10 million euros in long-term financing to Loulis Mills, a leading company in the Greek flour milling industry.