Multilateral development banks

Work on the second section of the long-awaited rail link between the neighbouring countries is expected to start next year after the European Bank for Reconstruction and Development, EBRD agreed to lend the money and a draft bill to approve the borrowing of the money entered the Macedonian parliament.

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The European Investment Bank (EIB) is lending to Bulgaria EUR 500 M for co-financing priority projects supported by EU funds during the 2014 - 2020 Programming Period, said Bulgaria's Finance Ministry.

The EIB loan will cover the national co-financing contributions under Operational Programmes in the areas of transport (including urban transport) and the environment.

The European Investment Bank has included Turkey into its new program to boost innovation in the EU, with Tofaş becoming the first Turkish firm to make a deal with the bank he European Investment Bank (EIB) has signed a 55 million-euro agreement to support research, development and innovation activities with a Turkish company in the framework of its newly launched financial program to encoura

BELGRADE - The European Bank for Reconstruction and Development (EBRD) will strengthen credit lines for small and medium-sized enterprises (SMEs) and assist Serbia in building local infrastructure.

LONDON - A further strengthening of the private sector and the funding of SMEs are priorities in a new strategy for Serbia adopted on Tuesday by the European Bank for Reconstruction and Development (EBRD) Board of Directors.