The Russian Federation forced the EBRD to sell its stake in the Moscow Stock Exchange for 30% of its value. Russian Forbes reported that the EBRD sold its 5.3% stake in the Moscow Stock Exchange, receiving only a third of its market value – ₽7.28B ($76.3M), instead of ₽22.8B. The bank had to agree to ... #ebrd #MoscowStockExchange #SoftlineIT
Ukrainian agricultural holding will receive $480M in loans for debt refinancing and other needs. The IFC, EBRD, and DFC will provide Ukrainian agricultural holding MHP with $480M for debt refinancing and maintenance of current activities. As reported by the IFC, it will provide $30M for the moder... #agroUkraine #DFC #ebrd #ifc #MHPukraine
The EBRD wants to invest about €1.5B in Ukraine annually. For this purpose, the European Bank for Reconstruction and Development is working on a plan to increase its capital, EBRD President Odile Renaud-Basso said. The bank said in May that it plans to ask s... #ebrd #InvestmentsinUkraine #OdileRenaudBasso #UkraineEconomy
The EBRD plans to increase support for Ukrainian businesses next year. As the Minister of Economy of Ukraine, Yulia Svyridenko, reported after the meeting with the President of the EBRD, Odile Renaud-Basso, the bank is ready to participate in financing the demining of ag... #ebrd #OdileRenaudBasso #SupportUkraine #ukrainianbusiness #YuliyaSvyridenko
The EBRD confirms its belief in moderate growth for Ukraine’s economy in 2023-2024. The European Bank for Reconstruction and Development has maintained its May growth forecast for Ukraine’s economy for 2023-2024. According to the bank, Ukraine’s GDP is expected to grow by... #ebrd #GDPinUkraine #InflationinUkraine #UkraineEconomy
The EBRD has given the Ukrainian state bank a €60M financing guarantee for Ukrainian business. PrivatBank and the European Bank for Reconstruction and Development have started cooperation on a risk-sharing program. As part of the program, Ukrainian entrepreneurs from critical industries will re... #ebrd #GrantsForBusiness #PrivatBank
The EBRD expands cooperation with Ukraine’s KredoBank. The EBRD is supporting food security and other critical industries in wartime Ukraine with a new risk-sharing agreement for KredoBank and opening a TFP limit for guarantees and cash advances to enhanc... #ebrd #financeUkraine #KredoBank
URC2023: Ukraine will receive $1.75B from the WB, €600M from the EBRD, and £62M from Britain for the newly created Energy Fund. Ukraine and the World Bank signed a new agreement on ways to attract $500M in credit financing under Britain’s guarantee. According to the head of the Ukrainian government, Denys Shmyhal, the funds wi... #ConferenceLondon2023 #DenysShmyhal #ebrd #energyukraine #InnovateUkraine #UkraineRecoveryConference
International banks will launch a mega-platform for investment in Ukraine. During URC2023, 19 international organizations led by the EBRD signed a memorandum on creating a platform for joint investments in Ukraine. The G7 development financing institutions agreed to develop ... #ConferenceLondon2023 #ebrd #EBRDinvestments #InvestmentsinUkraine #UkraineRecoveryConference
The EBRD predicts an increased flow of private investments in RES in Ukraine. However, the attractiveness of this sector of Ukraine’s economy will increase only after the war, said Harry Boyd-Carpenter, Managing Director of Climate Strategy and Delivery at the EBRD. He added t... #ebrd #EnergyInvestments #energyukraine #HarryBoydCarpenter #RenewableEnergyUkraine #UkraineNuclearEnergy
The EBRD will support several sectors of Ukraine’s economy. EBRD president Odile Renaud-Basso said that several memoranda and projects will be signed into effect this week at a conference on Ukraine’s restoration – designed to strengthen energy security and su... #ebrd #InvestmentsinUkraine #KakhovkaHPP #OdileRenaudBasso #UkraineEconomy
Ukrainian Railways has received €200M from the EBRD for infrastructure modernization and renewal of its rolling stock. The EBRD provided funds under state guarantees for implementing the Project of Extraordinary Support of the Ukrainian Railway. The money will be directed to the purchase of locomotives, upgrades for t... #ebrd #RailwaysInfrastructure #UkrainianRailways #UZmodernization
Norway and the Netherlands provided the EBRD with €170M to help Ukraine, but the bank has asked for more money. The bank reported that Norway had allocated NOK 1.5B to support the activities of the EBRD to strengthen energy security in Ukraine, the bank said. This grant continued Norway’s NOK 2B (€195M) g... #ebrd #financialaidforUkraine #GrantsforUkraine #SupportUkraine
The EBRD presents its forecast for the Ukrainian economy. According to the European Bank for Reconstruction and Development, the growth forecast is at 1% this year and 3% in 2024, assuming the war continues throughout this period at the same intensity as at ... #ebrd #GDPinUkraine #InflationinUkraine #UkraineEconomy
The Ukrainian Investment Platform was launched in Tokyo under EBRD leadership. Development finance institutions (DFIs) of the Big Seven countries – JBIC and JICA (Japan), CDP (Italy), FinDev Canada (Canada), Proparco (France), DFC (USA), BII (Great Britain), DEG (Germany) ... #ebrd #G7 #UkraineInvest #UkraineInvestmentPlatform
The new Horizon Capital fund for investment in Ukraine has several participants. The American International Development Finance Corporation (DFC) invested $25M in the Horizon Capital Growth Fund IV (HCGF IV), which has raised $254M for Ukraine to date. French Ambassador to Ukraine... #DFC #ebrd #HorizonCapital #ifc #LennaKoszarny #UkraineInvestments
The EBRD and MIGA join forces in covering trade finance risk in Ukraine. The European Bank for Reconstruction and Development (EBRD) and the Multilateral Investment Guarantee Agency (MIGA) have signed a landmark first co-financing agreement, under which MIGA will issue up ... #ebrd #HiroshiMatano #MIGA #OdileRenaudBasso
The EBRD significantly worsened the forecast for Ukraine’s economy. The European Bank for Reconstruction and Development significantly worsened their forecast for Ukraine’s GDP growth in 2023 from the 8% forecast in September 2022 to 1%. EBRD analysts noted that... #ebrd #GDPUkraine #UkraineEconomy
Ukreximbank and the EBRD will launch a new lending program for farmers. State Export-Import Bank Ukreximbank and the European Bank for Reconstruction and Development will launch a new lending program for farmers. According to the Ministry of Agrarian Policy, representati... #ebrd #LoansforFarmers #Ukreximbank
The EBRD and Mariupol plan to sign an agreement on the city’s revival. The bank reported that on November 17 in Warsaw, the EBRD and Mariupol will sign an agreement to support the city’s revitalization strategy. The EBRD will be responsible for quantifying the exte... #ebrd #InvestmentsinUkraine #MariupolRestoration
The EBRD has worsened Ukraine’s economic forecast for 2023. The EBRD maintained its May forecast for the Ukrainian economy’s decline in 2022 but lowered its projections for Ukraine’s economic growth next year. Earlier this year, the EBRD predicted the drop in... #ebrd #UkraineEconomicForecast
The EU guarantee supports the EBRD in loans to key Ukraine companies. The EBRD and the EU have further strengthened their cooperation in helping Ukraine during wartime. The European Commission committed to providing guarantees to support €70M of recent EBRD loans to Ukr... #ebrd #EBRDinUkraine
Ukrenergo has received the first €50M from the EBRD to increase liquidity. State company Ukrenergo has received the first €50M from the European Bank for Reconstruction and Development (EBRD). It is provided under credit agreements to increase liquidity, and is planned to co... #ebrd #Kyivteploenerho #Ukrenergo #Ukrhydroenergo
The EBRD will bolster Ukraine’s energy security with up to €300M for Naftogaz. The European Bank for Reconstruction and Development (EBRD) will lend up to €300M to help Ukraine’s gas company Naftogaz compensate for the loss of natural gas production following the invasion of Uk... #ebrd #EBRDloan #ebrdukraine #Naftogaz
The EBRD lends €20M to Ukrainian pharmaceutical company Farmak. The EBRD is lending €20M to a leading Ukrainian pharmaceuticals manufacturer under its €2B Resilience and Livelihoods Framework, supporting countries affected by the war in Ukraine. The financing, wh... #ebrd #EBRDloan #Farmak #FarmaKukraine
The EBRD intends to invest $1B in Ukraine this year. The European Bank for Reconstruction and Development (EBRD) plans to invest $1B in 2022 and is ready to finance Naftogaz, said Bank President Odile Reno-Basso. “We want to continue investing, an... #ebrd #EBRDinvestments #Naftogaz #Ukrenergo
Britain will provide financial guarantees for the EBRD loan to Ukrenergo. The UK government will provide financial guarantees for the EBRD loan, which Ukrenergo will use to ensure the company’s stable operation in wartime, stated British Minister of Finance Rishi Suna... #ebrd #EBRDloan #Ukrenergo
Naftogaz is discussing a gas loan with the EBRD. Ukraine’s national gas and oil company, Naftogaz of Ukraine, and the European Bank for Reconstruction and Development (EBRD) discussed the terms of obtaining a loan for the purchase of natural ... #ebrd #Naftogaz #NaftogazLoan #NaftogazUkraine
The EBRD is allocating €53M for food security in Ukraine. The European Bank for Reconstruction and Development (EBRD) is providing €53.3M in loan financing to two banks and one company to strengthen food security during the war in Ukraine. The EBRD promotes... #ebrd #EBRDaidforUkraine #FoodSecurity
The EBRD will allocate €50M to Ukrenergo for support liquidity. The European Bank for Reconstruction and Development (EBRD) and Ukrainian authorities have agreed on repurposing part of an existing loan to Ukrenergo, the country’s electricity transmission company, ... #ebrd #OdileRenaudBasso #Ukrenergo #WarinUkraine
The EBRD has downgraded Ukraine’s economic downturn in 2022 and improved its outlook for 2023. The European Bank for Reconstruction and Development (EBRD) has downgraded the forecast for Ukraine’s economic decline due to the war to 30%, while at the end of March, the forecast was minus 20... #ebrd #UkraineEconomy #UkraineEconomyForcast
The capital of Ukraine needs €70M to repair the damage from the Russian bombings. More than €70M will be required to rebuild Kyiv from the effects of the Russian war against Ukraine, said the Mayor of Kyiv Vitaliy Klitschko. He noted that this estimate considers Russia’s military ... #ebrd #kyiv #kyivukraine #RebuildingKyiv #VitaliyKlitchko
The EBRD suspends all funding for Russian and Belarusian projects. The European Bank for Reconstruction and Development is moving ahead with its plans to exclude the Russian Federation and Belarus from receiving funding for projects. The EBRD Board of Governors has ... #Belarus #ebrd #EBRDsanctions #RUSSIA
Ukraine’s economy will shrink by a fifth this year. According to the European Bank for Reconstruction and Development, Ukraine’s economy will shrink by a fifth this year and then recover in 2023 if everything goes according to the scenario of a c... #ebrd #ukraine #UkraineEconomy #War
The EBRD moves forward with action against Russia and Belarus. The Board of Directors of the European Bank for Reconstruction and Development has agreed with a management proposal to take steps in responding to the Russian-led invasion of Ukraine. Governors will... #BelarusSanctions #ebrd #EBRDsanctions #SanctionsAgainstRussia
EBRD unveils the €2B resilience package in response to the war on Ukraine. The European Bank for Reconstruction and Development (EBRD) has announced an initial €2B resilience package of measures to help citizens, companies, and countries affected by the war on Ukraine. Fund... #ebrd #EBRDaidforUkraine #Ukrainewar
The Ministry of Finance discussed the privatization of state-owned banks with the EBRD. The Minister of Finance, Serhiy Marchenko, met with the head of the EBRD, Matteo Patrone, to discuss the financing of joint investment projects for 2022. These projects include the privatization of O... #Banksprivatization #ebrd #EBRDinUkraine #SerhiyMarchenko
The EBRD to finance the construction of a new hub for Nova Poshta. The bank and Nova Poshta have signed a €13 mln loan agreement to finance the company’s expansion. The loan will be used to build an innovative, automated sorting hub in the south-central Ukraini... #ebrd #novaposhta #NovaPoshtaSortingHub #ParcelHub
The EBRD has launched a new €75 mln loan program through Raiffeisen Bank Aval. The program will boost the availability of funding for Ukrainian micro, small and medium-sized enterprises (MSMEs). According to the EBRD press release, at least 30% of the funds will be used to finan... #ebrd #Reiffeisen
EBRD, IFC to help structure the first PPP projects in Ukraine’s road sector. The EBRD and the IFC will work with the Ukrainian government to attract private-sector investment and improve the country’s infrastructure while creating jobs and accelerating economic recovery. Accor... #ebrd #ifc #PPPUkraine #RoadConstruction
EBRD approves €190 mln tranche for Ukraine’s road agency. Encouraged by steps taken by Ukraine’s state road agency Ukravtodor, the Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new €190 million loan tr... #ebrd #M05highway #RoadConstruction
The European Bank for Reconstruction and Development (EBRD) will invest $50 mln to develop industrial and logistics real estate in Ukraine. The EBRD will finance Dragon Capital Investments Ltd in its development and management of industrial and logistics real estate. The decision to allocate funding to the EBRD Board of Directors will be ... #DragonCapital #ebrd #IndustrialRealEstate
The European Bank for Reconstruction and Development (EBRD) will finance decarbonization projects in Ukraine. The Minister of Energy, Herman Galushchenko, met with the leadership of the EBRD, announced the Ministry of Energy press service. During the meeting, parties discussed the prospects of EBRD investment... #Decabornization #ebrd #EBRDinUkraine
The Ukraine Prime Minister and EBRD delegation discussed the creation of stock market infrastructure in Ukraine. Denys Shmyhal and representatives of the EBRD have discussed the creation of a quality stock market infrastructure in Ukraine, the strengthening of the banking sector and the implementation reported g... #DenysShmyhal #ebrd #UkraineStockMarket
The Mayor of Lviv will meet with EBRD Vice Presidents Alan Pius and Mark Bowman to discuss building a plant to manufacture electric vehicles. “We are strengthening our relationship with the European Bank for Reconstruction and Development”, said the Mayor of Lviv, Andriy Sadovyi. “We already have nine successful projects that have made it p... #ebrd #ElectricCarProduction #MayorofLviv
Ukraine is implementing 8 EBRD projects worth € 1.68 bln, announced the finance minister, Serhiy Marchenko, at a meeting with the newly appointed EBRD Vice President for Policy and Partnership, Mark Bowman. During the meeting, the issues of the current state... #ebrd #EBRDandUkraine #SerhiyMarchenko
EBRD expects Ukraine’s economy to grow by 3.5 % in both 2021 and 2022, said a press release of the bank. Growth in 2021 will be fueled by a rich grain harvest and the continued normalization of business activities, though slow progress on reform and rollout of the Covid-... #ebrd #UkraineEconomy #UkraineEconomyForcast
Ministry of Finance to invest ₴124.1 bln ($4.72 bln) in the development of road networks in 2022. The announcement was subject to receiving syndicated finance from the EBRD to: reconstruct the Kyiv Odesa highway (M-05); construction of the northern bypass of Lviv and Ternopil; reconstruction of a ... #BigConstruction #ebrd #EBRDinUkraine #RoadConstructionUkraine #RoadDevelopmentUkraine
ProCredit Bank has joined the EBRD-EU4Business Small and Medium Business Support Program by signing a Loan Agreement with the EBRD. The program is a joint EU-EBRD initiative to assist Ukrainian small and medium-sized enterprises (SMEs) in financing their sustainable investments in technol... #ebrd #ProCreditBank #SMEfinancing
EBRD to invest $75 million in a sustainability-linked Eurobond issued by Ukrenergo. In a bid to resolve the payments crisis gripping the country’s renewable energy sector, the proceeds will cover all payment arrears owed to renewable energy producers. The investment will help to rest... #BondMarketUkraine #ebrd #eurobonds #Ukrenergo #UkrEnergoBonds
