European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) has said it is supporting Morocco's hygiene products sector with 45.5 million euros of loan to Eczacıbaşı Consumer Products Maroc SARL (ECP Maroc).

It is the first cross-border acquisition financing package of its kind, the development bank said in a statement.

BELGRADE - In its Spring 2024 economic forecast for EU member states and membership candidates, released on Wednesday, the European Commission has revised upwards its growth projection for Serbia to 3.5 pct for this year and 4.3 pct for 2025.

Russia's economy will grow further this year despite Western sanctions over its Ukraine invasion, while Israel's war against Hamas in Gaza will weigh on neighbouring nations, Europe's development bank forecast Wednesday.

Viohalco subsidiary Noval Property REIC is eyeing the creation of a portfolio estimated to be close to 1 billion euros by the end of the decade, from €571 million today. For this purpose, the company has designed a €340 million investment program which foresees the development of its own properties as well as the acquisition of third-party assets.

The European Bank for Reconstruction and Development (EBRD) will provide 30 million euros ($32.50 million) in long-term financing to Turkey's Ronesans Gayrimenkul Yatirim to support regions affected by last year's earthquakes.

The European Bank for Reconstruction and Development (EBRD) is providing a 500-million-euro financing to support the regions affected by last year's devastating earthquakes.

The agreement regarding the new financing was signed between the Treasury and Finance Ministry and the development bank.

The First Vice President and Head of Client Services Group of the European Bank for Reconstruction and Development (EBRD) Jürgen Rigterink is to embark on a four-day visit to Türkiye, with stops scheduled for the earthquake-hit cities in the southeast of the country.

Türkiye's carbon roadmap, designed to help the country meet its net-zero target by 2053, will be a milestone in green transition in key industries, such as steel and cement, Industry and Technology Minister Mehmet Fatih Kacır has said.

LONDON - Serbia is a Top 5 country in terms of cooperation with the European Bank for Reconstruction and Development (EBRD), PM Ana Brnabic said after meeting with EBRD President Odile Renaud-Basso in London on Monday.

Speaking to reporters, Brnabic said signed and ratified Serbia-EBRD agreements were worth around 2.3 bln euros.

LONDON - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic signed on Monday in London two documents on cooperation with the European Bank for Reconstruction and Development (EBRD) regarding support for investment in renewable energy sources in Serbia.