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ebrd.com By Axel  Reiserer 16 Sep 2016 EBRD information session in Athens attracts strong interest The EBRD Trade Facilitation Programme (TFP) held an information session about “Financing Foreign Trade with Greece ” in Athens yesterday. The event attracted over 100 representatives from issuing and confirming banks under the TFP as well as representatives of the local chamber of commerce, local companies active in import and export, and trade finance professionals. The event provided the participants with an opportunity to discuss challenges facing the industry with leading specialists including regulators and economists. The information session was opened by Nick Tesseyman, EBRD Managing Director for Financial Institutio

ebrd.com The outlook for the EBRD regions in 2016 Correspondents look into the crystal ball for the EBRD regions and the global economy in 2016 “Prediction is very difficult, especially if it's about the future”, Niels Bohr, the Nobel laureate in Physics, once famously observed. We have thus invited correspondents who have been following the EBRD and the regions where it invests for many years to offer their forecasts for 2016.

  ebrd.com Baltics Integrated Approach - Capacity Building for Fund Managers and Fund Investors Project Description: A fully functioning venture capital ('VC') and private equity ('PE') sector remains highly important to effective transition in the Latvia, Lithuania and Estonia, as in other regions. However, following the 2008 financial crisis and the deep recession that affected these three Baltic States, the availability of organised VC and PE and related investment expertise is significantly lower in those countries compared to more developed markets.

ebrd.com What US interest rate normalisation means for the EBRD region US Federal Reserve’s decision likely to increase market volatility and cost of funding and may have limited effect on growth On 16 December 2015, the US Federal Reserve raised its federal funds rate by 0.25 per cent to the target range of between 0.25 to 0.5 per cent. The long-expected hike will likely increase market volatility and the cost of funding in EBRD countries .

  ebrd.com Morocco: Investment opportunities in the dairy sector in Morocco Project Description: The European Bank for Reconstruction and Development ("EBRD" or "Ban") has invested in the dairy sector in its countries of operation, with positive effects on companies' productivity, resource-efficiency and competitiveness. Dairy production has a major social and economic role in Morocco where small rural households alongside agribusinesses account for most of the production. The dairy sector accounts for 5% of total employment and highly contributes to agricultural value added. While milk production and consumption are increasing, efficiency and productivity remain low and product quality issues constrain further sector development. The dairy sector in Morocco has significant potential to improve its resource-use and product quality for enhanced competitiveness. Production efficiency, water use, renewabl

ebrd.com Modernisation of the Supervisory Control and Data Acquisition Systems and Energy Management Systems (SCADA/EMS) at RDC (Regional Dispatch Centre) west, RDC east, RDC north and RDC south

ebrd.com EBRD shareholders approve Lebanon’s membership By Nibal Zgheib 15 Dec 2015 The shareholders of the European Bank for Reconstruction and Development (EBRD) have approved a request by Lebanon to become a shareholder of the Bank with a view to becoming a recipient of EBRD investments at a later stage.

  ebrd.com Complex Consolidated Safety Upgrade Program Procurement ref: 8097-IFT-42086 Country: Ukraine Business sector: Power and energy Project number: 42086

ebrd.com Biodiversity Management Capacity Building Programme Project Description The European Bank for Reconstruction and Development (the EBRD or the Bank) is involved in supporting a number of oil and gas exploration and development projects in Egypt. Egyptian legislation requires that operating companies commission an Environmental Impact Assessment (EIA) for oil and gas development activities, but often these EIAs do not generally contain comprehensive biodiversity baseline surveys, special consideration for protected areas, the assessments of critical habitats or priority biodiversity features or the need for Biodiversity Management Plans, as per the Bank's requirements.

ebrd.com The future of multilateral development finance Speech delivered by EBRD President Sir Suma Chakrabarti to the ODI in London Ladies and Gentlemen, It gives me enormous pleasure to be back at ODI .  Thank you very much for the invitation to speak. It’s always good to be back where I started my professional career.  Not literally, of course.  I wasn’t an ODI Fellow in South London! It was as an ODI Fellow in Botswana over thirty years ago that I started learning about development.  That experience shaped my thinking as you will hear this afternoon at various points. My subject for this speech is the future of multilateral development finance. And now is a very good time to be focussing on this highly important topic.

ebrd.com Macedonian SMEs are becoming more competitive thanks to EU and EBRD By Viktorija Melohina 27 Nov 2015 Supporting growth and boosting competitiveness of Macedonian small and medium-sized enterprises (SMEs) is key part of the EBRD’s work in the country. Over the years the Bank has developed several programmes to support the development of this vital sector of the economy and today one of them, the SME Competitiveness Support Facility (SME CSF), is taking stock of its achievements in Skopje. Thanks to the advice and financing provided under this facility, 74 local businesses with combined revenues equalling 2.5 per cent of the Macedonian GDP were able to increase their turnover in total by 14 per cent and their workforce by 16 per cent. This Facility served as

  ebrd.com APG Flaring in Egypt: Addressing Regulatory Barriers Project Description: The European Bank for Reconstruction and Development (the “EBRD” or the “Bank”) is strongly committed to reducing the flaring and venting of associated petroleum gas (“APG”) in its countries of operation. The EBRD is part of the World Bank led initiative “Zero Routine Flaring by 2030”. The EBRD has identified gas flaring as a significant issue in Egypt. It has undertaken prior work to identify the scale of APG flaring and commercial opportunities to use APG. The scale of gas flaring in Egypt is estimated to be around 2 bcm per annum (or 4% of the country's total gas consumption in 2014). In its prior work, the Bank has identified regulatory barriers as being important for inhibiting investments to reduce gas flaring. Examples of regulatory barriers include the structure of Production Sharing Contracts (“PSCs”) under which operators

EBRD to step up engagement in Ukraine 27-03-2014 12:00 AM GMT EBRD and ESM sign Memorandum of Understanding 27-03-2014 12:00 AM GMT The EBRD and the European Stability Mechanism (ESM) have signed a Memorandum of Understanding which provides a framework for the future co-operation between the institutions. The two institutions have already established close working relations and the document is formalising the collaboration between the two International Financial Institutions. ЕБРР планирует активизировать свою деятельность в Украине 27-03-2014 12:00 AM GMT European Bank for Reconstruction and Development plans to increase its investment in Ukraine, including a return to lending projects in the public sector under the state guarantees is included in the package of international economic support for Ukraine. EBRD and FINCA to support energy efficiency and small businesses in Kyrgyz Republic 27-03-2014 12:00 AM GMT The European Bank for Reconstruction an

Energy Performance Contract (EnPC) 16-01-2014 12:00 AM GMT “ENERGY PERFORMANCE CONTRACT: MODERNISATION OF MUNICIPAL BUILDINGS WITH GUARANTEED ENERGY SAVINGS IN THE CITY OF DNIPROPETROVSK (RECONSTRUCTION)” Balti Trolleybus Project 17-01-2014 12:00 AM GMT Supply of switchgears and goods for renovation of contact network Presentation of the Transition Report 2013: Stuck in Transition? 31-01-2014 12:00 AM GMT The EBRD will be presenting key findings from the 2013 Transition Report: Stuck in Transition? in Bishkek on 31 January 2014 at 10:00.

KYZYLORDA CNG BUS PROJECT - PROCUREMENT SUPPORT Procurement ref: 41877 Country: Kazakhstan Sector: Municipal and environmental infrastructure Project number: 45929 Funding sources: Austrian Fund for Municipal Infrastructure Contract type: Consultancy Services Notice type: Invitation for expressions of interest (CSU) Issue date: 14 Jan 2014 Closing date: 14 Feb 2014 15.00 (Kyzylorda time) Procurement Support Assignment Description:  As is the case of many secondary cities across Kazakhstan, urban transport in the City of Kyzylorda (the City) (population 160,000) has been suffering from severe under-investment coupled with the lack of proper regulation. Only one mode of transport is used in the provision of urban transportation services in the City – second-hand buses operated by individual drivers. The European Bank for Reconstruction and Development (the EBRD or the Bank) has been approached by the Oblast of Kyzylorda (the Oblast) and JSC N

EBRD helps build stronger SMEs in Kosovo 08-01-2014 12:00 AM GMT The Western Balkans Investment Framework and the EBRD’s Local Enterprise Facility are joining forces to provide an additional €300 million of financing for small and medium enterprises across the region brightcove.createExperiences() ;

€40 million loan for Croatia’s national railway infrastructure company Author(s): Axel Reiserer Date: 16 December 2013 The EBRD is providing a €40 million loan to Hrvatske Željeznice Infrastruktura d.o.o., HŽ Infrastructure, the national railway infrastructure company, for the acquisition of track maintenance machinery and to support the company’s labour restructuring programme. The loan will be sovereign guaranteed and linked to the on-going reform programme of the company. The investment was preceded by an energy efficiency audit funded by the EBRD’s Shareholder Special Fund and will see HŽ Infrastructure investing in an Energy Management Information System as part of the project to help focus its efforts on energy saving measures. France will provide further technical co-operation and additional support is being sought to assist with the corporate capacity strengthening and implementation of the labour restructuring plan. The EBRD loan will assist financing prio

The OECD’s PISA rankings and the EBRD region 11-12-2013 12:00 AM GMT

EBRD loan to Russia’s Orient Express Bank 11-12-2013 12:00 AM GMT The EBRD is advancing three loans totalling 1.5 billion roubles (equivalent to EUR 34 million) to Orient Express Bank (OEB), the foremost lender to micro and small businesses in Siberia and the Russian Far East, two under-banked regions.

EBRD in first investment in financial infrastructure fund 11-12-2013 12:00 AM GMT The EBRD has for the first time invested in a private equity fund tasked with making investments in financial infrastructure, a broad sector covering everything from stock exchanges to financial IT services, brokerages and re-insurance providers.