The European Bank

EBRD invests record 846 mln euros in Serbia in 2023

BELGRADE - The European Bank for Reconstruction and Development (EBRD) invested a record 846 mln euros in Serbia in 2023, up by nearly 200 mln euros from 2022 and well above the previous all-time high of 679 mln euros in 2020.

This made Serbia one of the top five recipients of EBRD investments for the first time, the bank said in a statement.

Turkish supermarket Migros gets European bank infusion

The European Bank for Reconstruction and Development has invested 30.8 million Turkish lira ($5.2 million) in lira-denominated bonds of a top Turkish supermarket chains, Migros.

"The new Turkish lira-denominated bond will be listed on Borsa Istanbul and its proceeds will reduce the company's foreign currency exposure," the bank announced on Dec. 23.