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The ban on imports of food, along with the Russian government’s import substitution policy, means that the Russian food industry will continue to develop and expand in a favorable competitive environment, incentivizing investment in modern technology for processing and packaging As the local supplier base for machinery remains relatively small, the current...
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After Ukraine gained independence in the early 1990s, crises were rife. The country faced hyperinflation, a decrease in manufacturing, and a high deficit of energy resources. But engineer Sergii Petrenko saw new opportunities in these turbulent times, leading to the creation of his company in the field of polymer materials. With support from the USA, the EBRD...
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The European Bank for Reconstruction and Development (EBRD) has raised its forecast for central and eastern Europe and the Baltic states (CEB) to 5.2 per cent for 2021 in its latest Regional Economic Prospects (REP) report, published today. This corresponds to an upward revision of 0.6 percentage point from the Bank’s June forecast, largely down to better-than-expected...
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Taiwan is supporting its European Union Partner country diplomatically Lithuania in the face of growing economic pressure from Beijing. The Taiwanese government will launch a US 1-billion-dollar credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, said minister without portfolio, Chen Chi-Chung on...
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The European Bank for Reconstruction and Development (EBRD) has launched a new €4 million credit line to Lovćen banka AD Podgorica (Lovćen Bank) to support the competitiveness of small and medium-sized enterprises (SMEs) in Montenegro. In the form of working capital lines and investment loans, the funding will boost lending to private businesses and provide...
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The European Bank for Reconstruction and Development (EBRD) delivered strong support for Ukraine in 2021, the second year of the Covid-19 pandemic, through a powerful combination of investment and backing for key economic policies. In a challenging year, the EBRD invested €1 billion in the Ukrainian economy, the second-largest volume of Bank financing...
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New waste collection machinery has been delivered to the Kyrgyz Republic’s second largest city of Osh as part of the international effort to improve its municipal solid waste management practices supported by the EBRD, the European Union (EU) and the European Investment Bank (EIB). The project is expected to bring major environmental relief and upgrade...
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A small shop of 30 square metres with two employees making sweet creations – these were the humble beginnings of Spell Chocolate in 2016 in Ukraine. Fast-forward six years and Spell Chocolate is one of the leading premium chocolate brands on the market along with imported brands Ritter Sport and Lindt. With support from the EBRD and Sweden, Spell Chocolate...
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A long-term loan of US$ 28 million from the EBRD will support the construction of an ultra-thin copper foil factory for electric vehicle (EV) batteries in Tatabanya, northwestern Hungary, by Solus Advanced Materials of South Korea, which is one of the global leading producers of the material. The first plant in Europe to produce copper foil for EV batteries,...
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The European Bank for Reconstruction and Development is supporting Serbia’s efforts to upgrade its agricultural infrastructure and make it more climate resilient. A €15 million EBRD loan will finance the construction of modern irrigation infrastructure in Vojvodina region, making agriculture in Serbia’s “breadbasket” more resistant...
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