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Tag Archives: EBRD

Green Climate Fund supports EBRD’s Green Cities Facility

The EBRD has received a €87 million contribution approved by the Green Climate Fund’s (GCF) Board. The funding will support the EBRD’s Green Cities Facility for climate-focused sustainable urban development in Albania, Armenia, Georgia, Jordan, FYR Macedonia, Moldova, Mongolia, Serbia and Tunisia. EBRD and GCF financing will help cities and municipal utility companies to tackle their most pressing climate challenges such …

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EBRD brings Trade Ready to Georgia

Trade Ready, a new EBRD trade support initiative, was introduced in Georgia today to benefit the country’s small and medium-sized enterprises (SMEs) working to improve their competitiveness to succeed in international markets. Supported by donor funding from the European Union under its EU4Business initiative, Trade Ready has been designed to facilitate access to finance …

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EBRD Trade Finance Forum in Tbilisi

EBRD’s TFP Trade Finance Forum takes place in Tbilisi on 18-19 October 2018, following the ICC Banking Commission Technical Meeting, on 15-17 October 2018. The aim of the Forum is to discuss key challenges and new opportunities in trade finance in the EBRD’s countries of operations and beyond and to …

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EBRD: Renewables are Now Cheapest Energy Source

The EBRD is urging a step change in levels of investment in renewable sources of energy.  Competitive pressures have led to a significant reduction so that renewables are often the cheapest sources of energy. Harry Boyd-Carpenter, EBRD Director, Head of Power and Energy Utilities, will say at the FT Climate Finance …

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EBRD to Fund Kheledula HPP Construction

EBRD to Allocate 28 million EUR for Enguri HPP Rehabilitation

The European Bank for Reconstruction and Development will finance the construction of Kheldula HPP with $ 30 million. Investment cost of the project is 87 million dollars. The EBRD clarifies that the project will help to reduce carbon intensity in Georgia and will partially meet the growing demand for the …

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Batumi Green City Action Plan Introduced

The Batumi Municipality and the European Bank for Reconstruction and Development (EBRD) jointly develop the “Green City Plan”, which will involve the EBRD Green Cities Framework Program. The project of the action plan was officially launched by Batumi Mayor Lasha Komakhidze together with the Deputy Director of EBRD Municipal Infrastructure …

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EBRD to Develop Waste Management Strategy for Tbilisi

The European Bank for Reconstruction and Development (EBRD) will develop waste management strategy for the first time in Tbilisi. According to the City Hall, the document will be created on the basis of the Association Agreement liabilities. “The developed world has realized that waste can be processed and used for …

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Turkey’s QNB Finans Leasing Receives EBRD Loan of €25 Million

The EBRD is providing a loan of €25 million to QNB Finans Finansal Kiralama A.S., a leasing subsidiary of the Turkish lender QNB Finansbank, to broaden access to finance for the country’s small and medium-sized enterprises (SMEs). The EBRD loan is extended under the third phase of the Turkey Sustainable Energy …

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Adjara Finance and Economy Ministry Spends 163 522 EUR Inefficiently

“The EBRD loan for solid wastes management project implementation was not fully employed in 2017”, the auditor’s conclusion reads regarding the financial report of Adjara Finance and Economy Ministry. According to the conclusion, under the agreement conditions, as of December 31, 2017, in terms of payment of liabilities, budget funds …

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EBRD Supports Modernisation of Private Bus Operator in Azerbaijan

The EBRD is improving public transport in the capital of Azerbaijan by supporting the acquisition of 35 new buses with a loan of the €6 million in Azeri manat equivalent for Baku, the country’s major political, administrative, financial and cultural centre with a population of around 3 million. The loan …

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EBRD Supports Renewal of Public Transport in Ukraine

The EBRD is supporting the modernisation of public transport in Ukraine with a loan of up to €13 million for the acquisition of up to 72 low-floor trolleybuses for the city of Mariupol. Senior EBRD loan of up to €13 million for up to 72 low-floor trolleybuses for Mariupol €2 …

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EBRD Approved 500 Million EUR Loan for TAP Project

EBRD Plans to Invest $400 million in Georgia

The EBRD board members approved a loan of 500 million euros for the Trans-Adriatic Pipeline Project, which provides natural gas transportation from Azerbaijan to the EU in 2020. The cost of TAP is 4.5 billion euros and one of the priority energy projects for the EU. The European Investment Bank …

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