Earlier this month the Hungarian National Bank (MNB) announced a preferential Funding for Growth Scheme (FGS) and an FX swap facility, less than one month after Mr Matolcsy’s appointment as governor. It was presented as being inspired by the Funding for Lending Scheme launched by the Bank of England last year.… Read more
On 17 March 2013, during his visit to Jordan EBRD President Suma Chakrabarti met with representatives of civil society and royal organisations in Amman. The meeting was in addition to his audience with King Abdullah and meetings with the highest representatives of the government, international community and businesses.… Read more
As the farmer Ali Bozkurt says, a pomegranate tree starts yielding a good harvest in four to five years. The EBRD has been investing in Turkey since 2009; we are now beginning to see the fruit of our labour, and it does taste sweet.… Read more
The European Bank for Reconstruction and Development is supporting a comprehensive programme to upgrade the operating nuclear power units in Ukraine.
The EBRD will work with Energoatom, which runs Ukraine’s nuclear power plants.
To provide food for a rapidly growing world population, the output in livestock farming has seen a tremendous increase over the past decades. While animal health and production have been broadly improved, some of the enhancements went along with a decline in the conditions in which farm animals are raised, transported and slaughtered.… Read more
EBRD Chief Economist Erik Berglof and former Deputy Prime Minister of Serbia Božidar Đelić provided this commentary for Project Syndicate.
Serbia’s Tigar Corporation, a privatized automobile tire and tube maker, was a poster child for corporate makeovers in transition economies. Then eurozone deleveraging kicked in, and now the child in the poster is in serious trouble.… Read more
Commission for Global Road Safety meets at EBRD
The figures are stark. The WHO estimates some 1.3 million deaths annually worldwide from traffic accidents, a figure that rivals the death toll from major diseases like tuberculosis. This tragic balance is compounded by millions of serious casualties and personal tragedies, not to mention the enormous economic cost to countries around the globe.… Read more
Some EBRD countries of operation have recently introduced local content requirements (LCR) into their renewable energy support systems. In Ukraine, an increasing share of a renewable projects cost has to be sourced domestically to be eligible for feed-in tariffs (FIT). Turkey offers a FIT premium in proportion to the local content in the renewable generation assets, although the law is not implemented due to the lack of secondary regulations and pressure from investors.… Read more
EBRD Chief Economist, Erik Berglof: This new, larger financial package will focus on both financial and non-financial sectors to promote growth and structural reforms in central and south-east Europe.
A full transcript of the video is available below.
“The purpose of this €30 billion is to help recovery in our region, and we are now talking about central and south-east Europe.… Read more
The climate change debate is in the headlines again. In Istanbul, the Climate Investment Funds partnership forum – organised by the World Bank and co-hosted by the EBRD – gathers 6-7 November to discuss ways to stimulate investment in green energy.… Read more