Multilateral development banks

The European Commission would like to encourage investments on the part of the private sector into the economy of all EU countries.

This will be one of the main goals of the Investment plan for Europe, as stated by the European Commissioner for Jobs, Growth, Investment and Competitiveness, Jyrki Katainen.

Iran has been approved as a founding member of the Beijing-backed Asian Infrastructure Bank (AIIB), China's finance ministry said Tuesday, just days after Tehran sealed a historic framework agreement on its nuclear programme.
      

Since the end of the Cold War, the international system has been fluctuating. While the bipolar system has ended, no equivalent is in place yet. In the early days of the post-Cold War era, some talked about the unipolar moment as the United States dominated the world with its unrivalled economic and military power.

Loans for SMEs worth EUR 80 million

BELGRADE -- Societe Generale Bank Serbia and its leasing subsidiary SoGeLease have signed with the European Investment Bank (EIB) agreements worth EUR 80 million.

They will lend to small and medium-sized enterprises (SMEs), the financial institutions have stated.

BELGRADE - Societe Generale Bank Serbia and its leasing subsidiary SoGeLease have signed with the European Investment Bank (EIB) agreements worth EUR 80 million in total aimed at lending to small and medium-sized enterprises (SMEs), the financial institutions have stated.

The president of the World Bank said on March 13 he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank (AIIB), a day after Britain became the first Western nation to embrace the institution.

The EIB Group looks forward to increasing its financing for projects in Greece. As a long term investor institution for the whole EU, the EU Bank does not apply country quotas but evaluates funding opportunities based on the number, nature and quality of the projects that are submitted to it.

The project of the motorway linking Comarnic to Brasov (north of the capital) will go on if the authorities manage to restructure it, namely to find a financial model to be more efficient for the Romanian budget, in the achievement of which such international financial institutions as the EIB and the EBRD should take part, Transport Minister Ioan Rus told AGERPRES on Saturday.

Representatives of the Bulgarian government and business gather at their ninth annual meeting on Tuesday to discuss the restoration of the country on the path of economic growth.

This year more than 250 executive directors of the largest firms in Bulgaria as well as foreign investors have confirmed their participation at the conference, electronic daily Dnevnik reports.

The World Bank's Board of Executive Directors approved Monday a USD 378.425 M loan for the development of Ukraine's energy sector.

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