European Bank for Reconstruction and Development

Ljubljana – Foreign Ministry State Secretary Stanislav Raščan took part in a meeting of ministers in charge of development cooperation on Thursday, discussing the EU’s future financial development architecture. They called for more cooperation among financial institutions, noting that no major systemic changes were necessary, the Foreign Ministry said.

The carbon border tax bill that the European Commission will propose by mid-2021 to regulate the carbon footprint of imported goods may affect multiple industrial fields in Turkey, the European Bank for Reconstruction and Development (EBRD) said in a statement on April 21.

Ljubljana – The Hungarian bank OTP is in talks with the private equity fund Apollo to take over Slovenia’s NKBM bank in a deal worth nearly EUR 1 billion, the press agency Reuters has reported, citing sources close to the matter. Both NKBM and Apollo, which owns 80% of the bank, declined to comment.

Last month, the EBRD approved its latest contribution to the project - a loan of 60 million euros - even while both the EIB and EBRD's grievance mechanisms are still examining complaints submitted by local residents who stand to be affected by the project. These complaints contain serious allegations that JP Autoceste sidelined local communities in breach of both banks' standards.

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 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.

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. 

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.