Economy of the European Union
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 Association of Romania's Privately Managed Pensions (APAPR) has recently asked for the Eurobonds issued by Romania to be included in the European Central Bank's (ECB) procurement programme for euro area countries.
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 Greek state is expanding its cash reserves by 3 billion euros - to be used for battling the new crisis stemming from the coronavirus pandemic and to support the Finance Ministry's fiscal measures - after Tuesday's 10-year bond issue; in terms of the amount drawn, this was the biggest since 2017, when Greece had also raised €3 billion, through a five-year bond issue.