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 - 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 European Union may include Turkey on a blacklist of tax havens as soon as next month, in a move that could further strain ties between Ankara and the world's largest trading bloc.

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.

From 2009 the interest from the loans which the German financial institutions send to help the Greece economy are now more than EUR 1.34 billion according to data of the German ministry of Finance, cited by Suddeutsche Zeitung.

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.

The Council of Ministers has proposed that Parliament ratify a guarantee for the EUR 100 M withdrawn by the Bulgarian Development Bank (BDB) from Germany's KfW, reported the government's press centre.

Labor and Social Affairs Minister Aleksandar Vulin met on Wednesday with German Ambassador Axel Dittmann and a delegation of KfW Development Bank in Serbia.

The KfW delegation was led by Director Arne Gooss.

Germany's KfW Development Bank has signed a letter of intent with state-owned Bulgarian Development Bank (BDB) to lend EUR 100 M to finance Bulgaria's programme for boosting the energy efficiency of multi-family residential buildings.