European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) stands ready to participate in bond issues and other investment initiatives by local business groups in Greece, with its total investment, after the implementation of initiatives in response to the coronavirus crisis, expected to exceed 4 billion euros.

The European Bank for Reconstruction and Development (EBRD) on June 10 said it will support the growth of small businesses in Turkey, especially ones led by women.

The bank will be joined by the JPMorgan Chase Foundation, which became the first private-sector philanthropic organization to co-finance grants for EBRD.

The President of the Republic of Serbia, Aleksandar Vui, is visiting the works on the construction of the Batajnica loop, it is written on his Instagram profile.
As previously announced, the works should be completed by the end of 2020.
The works are financed from a loan from the European Bank for Reconstruction and Development (EBRD).

The European Bank for Reconstruction and Development (EBRD) on May 20 announced a $55 million loan to Garanti BBVA, the second-largest private lender in Turkey.

The European Bank for Reconstruction and Development (EBRD) report, entitled "Regional Economic Prospects", says that if a short-term effect of the COVID-19 epidemic is accepted, economies are expected to shrink by an average of 3.5% worldwide this year, compared to 4.8% in 2021, noting that these forecasts are uncertain due to uncertainty with the development of the crisis.

The Turkish economy, expected to shrink in 2021 like many other countries due to the coronavirus, will bounce back 6% in 2021, the European Bank for Reconstruction and Development (EBRD) said on May 13. 

"Turkey is likely to see a contraction of 3.5% in 2020 because of the economic impact of the coronavirus pandemic," the bank stressed in a press release.

The European Bank for Reconstruction and Development (EBRD) has downgraded its estimates of Romania's economic developments in 2020 as a result of the crisis caused by the coronavirus pandemic, according to the bank's latest Regional Economic Prospects published on Wednesday.

Heads of State or Government of the EU and the Western Balkans will hold a video meeting to discuss the spread of Covid-19 and misinformation. The meeting is not set to set a date for the start of accession talks with Northern Macedonia and Albania, as it was originally intended, if the meeting had taken place in Zagreb.

The virtual summit, organized by the EU Presidency of Croatia and chaired by European Council President Charles Michel, will be held from 4.30 pm to 7.30 pm.

The novel coronavirus pandemic is expected to cause "the greatest disruption to global economic activity since the Second World War," the European Bank for Reconstruction and Development (EBRD) said on April 8. 

It will affect the banks' emerging economies and rapid recovery is not guaranteed, the bank said in a statement.