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EBRD

Austrian Development Agency Receives More Funds from the Green Climate Fund

The ADA (Austrian Development Agency) reports that after a three-year process at the 21st board meeting of the Green Climate Fund in Manama, Bahrain, the accreditation of the ADA was completed on 20 October 2018.

November 12, 2018

Austrian Delegation Seeks to Improve Economic and Political Relations with Jordan

An official visit of President Van der Bellen to Jordan will take place from 17 April to 19 April 2018. The delegation to Amman will be accompanied by an economic mission headed by WKO Vice President Richard Schenz. The economic mission of the WKO is the response of an invitation issued some time ago by the President of the Chamber of Commerce of the Kingdom.

March 8, 2018

ANDRITZ HYDRO to modernize Dnipro 1 hydropower station, Ukraine

ANDRITZ HYDRO, part of international technology Group ANDRITZ, was awarded a contract by state-owned utility Ukrhydroenergo for modernization of the Dnipro 1 hydropower station on the Dnieper River, Ukraine. The project is part of a rehabilitation program financed by the European Bank of Reconstruction and Development (EBRD).

March 24, 2017

EBRD to Become 30 Per Cent Shareholder in Raiffeisen Bank Aval

The European Bank for Reconstruction and Development (EBRD) is about to become a 30 per cent shareholder in Raiffeisen Bank Aval JSC (RBA), a leading universal bank in Ukraine and a subsidiary of Raiffeisen Bank International AG (RBI), under an agreement signed in Kiev today.

November 25, 2015

EBRD Sees Mixed Outlook for CESEE Countries in 2015-16

The outlook for economies in central and south eastern Europe is improving on the back of eurozone monetary easing but prospects further to the east of the transition region have worsened, as the impact of Russia’s recession intensifies.

May 14, 2015

Erste Group Seales Agreement to Sale 15 Percent of Hungarian Unit

Erste Group has invited the Government of Hungary and the EBRD to invest in Erste Bank Hungary Zrt. by acquiring a minority stake of up to 15 per cent each. Negotiations are in progress and the completion of the transaction is expected within the next six months.

February 9, 2015

EBRD Lends EUR 30 Mln Loan to Raiffeisen Leasing to support MSMEs in Romania

The European Bank for Reconstruction and Development (EBRD) is increasing the availability of financing to private businesses in Romania with a RON 132 million (€30 million equivalent) loan to the Bucharest-based Raiffeisen Leasing IFN S.A, a subsidiary of Austrian Raiffeisen Bank International AG (RBI).

January 15, 2015

EBRD Provides €20 Mio Loan to Slovakia for Sustainable Energy Projects

The EBRD is deepening its support for sustainable energy investments in the Slovak Republic with a €20m loan to Slovenska Sporitelna, a.s. (SLSP), one of the country’s leading banks. The funds will be on-lent to private companies for renewable energy projects and energy efficiency in industry and buildings.

June 16, 2014

EBRD Committed to Moldova as the Country Moves Towards Greater Regional Integration

“The European Bank for Reconstruction and Development (EBRD) stands ready to support Moldovan companies and foreign investors in Moldova as the country moves towards even greater regional integration,” said András Simor, EBRD Vice President for Policy, during his visit to Chisinau.

June 14, 2014

Leaders from Western Balkans Meeting at EBRD

Prime Ministers from the Western Balkans are gathering to discuss economic cooperations.

February 25, 2014

EBRD: CESEE Not Under Pressure Yet

According to the European Bank for Reconstruction and Development, most countries in CESEE are relatively unaffected despite the renewed pressure on emerging markets.

February 4, 2014

CESEE: Overtaking Western Europe Not Before 2055

According to the European Bank for Reconstruction and Development, the transition period of Central, Eastern and Southeastern Europe will take longer than initially expected.

January 29, 2014

EBRD Presents New Strategy for Bosnia

The new strategy focuses on the development of small and medium-sized enterprises and the exporting industrial sector.

January 25, 2014

CESEE: Recovery Remains Modest

The European Bank for Reconstruction and Development (EBRD) has published a report on the regional economic prospects. The economic recovery in CESEE remains fragile.

January 23, 2014

Slovenian Economy to Shrink “Only” 2 Percent

According to the ERBD’s (European Bank for Reconstruction and Development) revision, Slovenia’s economy will shrink “only” 2 percent up from a 2.5 contraction of GDP which was forecast in November.

January 22, 2014

IMF and EBRD Deeply Concerned Over CESEE

Foreign banks continue to withdraw capital from the region. According to the International Monetary Fund, the development is highly considerable.

January 14, 2014

Hungary Amending Figures of Budget Deficit

Hungarian Finance and Economy Minister Mihaly Varga announced that the budget deficit of 2013 will be below the target after it was lowered dramatically.

January 8, 2014

Romania: Slight Increase in FX Reserves

In December 2013 FX reserves increased slightly compared to the previous month.

January 7, 2014

Emerging Markets Face Decrease in Risk Appetite

Foreign investors become more and more cautious about investing in emerging markets. Regions like Central, Eastern and Southeastern Europe are highly dependent on foreign sentiments.

December 14, 2013

Positive Respond to Slovenian Bank Recapitalization Plans

The European Bank for Reconstruction and Development responds positively to the results of the asset quality review of Slovenian banks and the corresponding plans of the government.

December 13, 2013

EBRD: Eastern Europe “Stuck in Transition“

The European Bank for Restructuring and Development (EBRD) warned that Eastern Europe and the countries of the former Sovjet Union could remain “stuck in transition”, which is the titel of the current report.

November 21, 2013

Hungary: NPLs at Record High

The number of NPLs has reached a new record high, according to MNB.

November 18, 2013

Raiffeisenbank Bulgaria Provided with Loan by EBRD

The European Bank for Restructuring and Development will provide Raiffeisenbank Bulgaria EAD with a new loan totaling € 15m.

November 18, 2013

Hungary: Level of Credit Defaults Declining Significantly

According to OTP Bank, the level of credit defaults from borrowers has started to drop to the lowest level since the beginning of the financial and economic crisis.

November 15, 2013

Poland: Favorable Economic Outlook

According to the European Bank for Reconstruction and Development (EBRD), the Polish economy will see an upswing next year.

November 12, 2013

CESEE: Growth Remains Below Potential

Today, the EBRD (European Bank for Reconstruction and Development) has published its economic outlook for the CESEE region. The reform pressure is growing, Anthony Willams at EBRD wrote.

November 11, 2013

Macedonia: Foreign Currency Lending Massively Up

Parents of Macedonian banks have only very limited influence on their subsidiaries, the EBRD reports.

November 9, 2013

Bulgarian Banks Suffer from Low Customer Creditworthiness

According to the EBRD, the Bulgarian banks are a source of funding for their parents.

November 9, 2013

Serbian Banking Sector: Weak Regulatory Environment

In the last years, Serbia´s banking industry did not record any significant growth impulses. Foreign-exchange loans were reduced substantially.

November 9, 2013

Romanian Banking Sector Highly Centralized

The EBRD has observed a high proportion of banks reporting that the parent bank´s influence is high.

November 9, 2013

Slovenia: Domestic Banks Dominate the Market

According to the EBRD, Slovenia´s banking industry is faced with a declining credit demand. A lack in funding has become less acute.

November 9, 2013

Croatia´s Banking Sector Remains Competitive

The Croat legal system is perceived as major weakness. Credit demand is going down for years.

November 9, 2013

Frame Conditions for Banks Remain Difficult in Hungary

The Hungarian banking sector is highly dissatisfied with the regulation environment, the European Bank for Reconstruction and Development reported.

November 9, 2013

Slovakia: Weak Credit Demand

Due to the lack of credit demand, lending is below its potential. Foreign banks in Slovakia are relatively independent from their parents.

November 9, 2013

Czech Banking Sector Strongly Influenced by Foreign Banks

The EBRD has published the “Banking Environment Performance Survey”. Foreign parent banks exert a strong influence on their subsidiaries.

November 9, 2013

Poland: Solid Banking Sector

According to the European Bank for Reconstruction and Development, the perceived regulation pressure is too high for Poland´s banking sector.

November 9, 2013

Albania: Domestic Banks Struggling to Keep Up

According to a report by the European Bank for Reconstruction and Development (EBRD), the Albanian financial sector is dominated by foreign banks. Domestic banks are struggling to keep up with the internationally operating competition.

November 8, 2013

Boost for Municipal Infrastructure in the Western Balkans

EBRD and KfW launch new €100 million fund

November 4, 2013

CESEE: „The Growth Model Was not Sustainable“

Franz Seiringer, economist at EBRD, underlines that the CESEE countries are on the right track. The region is working on a new growth model, he told “Wirtschaftsblatt”.

October 29, 2013

“We Need to Pull Down the Iron Curtain in Our Heads“

In an interview with Austrian daily “WirtschaftsBlatt“ Johannes Seiringer, Director of the Austrian office of the European Bank for Reconstruction and Development (EBRD) calls for incentives for enterprises to continue investing in CEE.

October 24, 2013

EBRD Analyzes Slovenia´s Difficulties

From October 21 to 25, a delegation from the European Bank for Reconstruction and Development will visit the ailing country.

October 21, 2013

Slovenia: Privatization Program to Boost FDI?

The government of the financially ailing country is forced to privatize a substantial part of the publicly held companies. Prime Minister Bratusek hopes foreign direct investments to increase.

September 20, 2013

Slovenia: Bankruptcy Without ECB/ESM?

Without external aid, Slovenia will not manage its severe financial crisis, experts say. A bail-out becomes more likely.

September 15, 2013

TAP: Surveys with Contractors to Begin

Trans Adriatic Pipeline has authorized its contractors to start surveys.

September 9, 2013

Credit Crunch in CESEE?

The capital outflow in the CESEE region accelerates. The European Bank for Reconstruction and Development (EBRD) fears negative consequences for the real economy.

August 7, 2013

Croatia: Upwsing Depends on Return of Investors

Vedrana Jelusic, head of EBRD Croatia, thinks that Croatia benefits from the joining the EU. Introducing the euro is no issue yet, she told “Wirtschaftsblatt”.

August 3, 2013

Alpine: Serbia to Withdraw from Contract

Serbia intends to withdraw from the building contracts for the construction of a highway with bankrupt Alpine within the next 15 days.

July 3, 2013

CEE/CESEE: Banking Sector on Fastlane

The banking sector in CEE continues to outperform its Western European counterpart.

May 13, 2013

Romania Privatizes Freight Division of National Railways

Romania´s government sells a 51% stake in CFR Marfa, the publicly held rail freight company.

February 6, 2013

Slight Upward Trend for CESEE Countries

The economic crisis in the Eurozone has hit the CESEE countries particularly hard, EBRD reports. 2013 will be a better year.

February 1, 2013
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