European Bank for Reconstruction and Development

In a move to enhance reforms in the Turkish electricity sector, the European Bank for Reconstruction and Development (EBRD) has said it is financing electricity companies operating in the north west of the country, in a written statement. 

Greece's Piraeus Bank will sell part of its 28 percent stake in insurer European Reliance to the European Bank for Reconstruction and Development (EBRD), a Piraeus official said on Wednesday.

Piraeus, Greece's largest lender by assets, plans to divest the entire stake as part of a restructuring plan which entails the disposal of non-core assets.

The European Bank for Reconstruction and Development (EBRD) "expects Serbia to continue to be fully committed to carrying out the reforms it has started."

This is what the president of the financial institution, Suma Chakrabarti, said at a meeting with Serbian Finance Minister Dusan Vujovic in Washington.

Foreign ministers of Western Balkan countries met on Wednesday in Durres, Albania, with EU Enlargement Commissioner Johannes Hahn to discuss joint infrastructural projects financed by the EU.

The Durres meeting was the fourth such meeting of Western Balkan ministers in the so-called Berlin Process, a five-year process started in August 2014 marked by yearly summits.

The Bulgarian government has named Kalin Mitrev as the country's representative in the Board of Directors at the European Bank for Reconstruction and Development (EBRD).

Mitrev will also assume the Alternate Director's position, heading the bank's joint office for Poland, Bulgaria and Albania.

The European Bank for Reconstruction and Development (EBRD) has approved a 3-year-EUR 30 million loan to Komercijalna Banks (bank), it has been announced.

The bank will then on-lend the money to small and medium-sized enterprises in Serbia.

The European Bank for Reconstruction and Development (EBRD) has announced it is co-financing the development of a 318 million-euro high-tech hospital in Konya, a city in Turkey's central Anatolian region in a written statement on Feb. 23. 

The European Bank for Reconstruction and Development will back a number of projects in Belgrade, Mayor Sinisa Mali has said.

These include the building of a new bus station in Blok 42 and the restructuring of public transportation company GSP, Mali explained, noting that this shows the Serbian capital is again an attractive investment destination.

Serbian Prime Minister Aleksandar Vucic says there is the growing problem of "nationalisms" in the Balkans - and that "a blind eye" is turned to this problem.

Serbian Prime Minister Aleksandar Vucic will attend a European Bank for Reconstruction and Development (EBRD) investment summit in London on Monday.

With him will be Deputy Prime Minister Zorana Mihajlovic, who is also minister of construction, transport and infrastructure, and Finance Minister Dusan Vujovic.