Tag Archives: EBRD

Sort out the issue of Swiss franc loans, once and for all

By Piroska M. Nagy

This article was first published on the website of the European Bank for Reconstruction and Development (EBRD).

The Swiss National Bank’s January decision to remove the Swiss franc’s cap against the euro has sent shockwaves through the global economy. It triggered particularly strong reactions in parts of central and south-eastern Europe, where currencies in some countries came under severe pressure.

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Russia to fall deep in recession, drag region down: EBRD

Russia will fall into a deep recession following the ruble’s collapse and the sharp decline in the price of oil, and will drag down with it many other countries in the region this year, new forecasts from the European Bank for Reconstruction and Development (EBRD) show.

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EBRD to raise stake in Moldovan bank to restore governance

The European Bank for Reconstruction and Development (EBRD) said it has applied for regulatory approval to raise its stake in Moldova’s third-largest bank, Victoriabank, “with the aim of restoring effective corporate governance at the bank and ensuring its continued sound financial performance.”

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Turkey becomes the top EBRD investment destination

Turkey is the big winner and Russia the big loser when it comes to investment by the European Bank for Reconstruction and Development (EBRD).

Investors who like to follow the flow of institutional capital would do well to take a look at the development bank’s latest statement regarding its investments in the region.

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Emerging Europe growth slows sharply

Countries in the region where the European Bank for Reconstruction and Development (EBRD) operates will see their annual growth rate slowing to 1.3% this year from last year’s 2.3%, the bank predicts in its annual transition report.

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Demand for loans in Eastern Europe improves

You have to squint to notice it, but it looks like things are finally on the mend in Central and Eastern Europe on the financial front.

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Emerging Europe Stalling, Even Backtracking on Reforms: EBRD

The reform process has been stalling in Central, Eastern and South-Eastern Europe and in the former Soviet countries even since before the crisis, and it has even reversed in some countries, the European Bank for Reconstruction and Development’s Transition Report 2013 shows.

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George Soros: Europe Is ‘Inadequate and Feeble’

The European Union, which for a long time has acted as a catalyst for reforms in emerging Europe and in the former Soviet Union, is now failing to fulfil that function, billionaire investor George Soros said on Wednesday.

Hungarian-born Soros, who has financed many educational, civic and charitable projects in Eastern Europe, made this remark at the launch of the European Bank for Reconstruction and Development’s Transition Report.

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ECB Asset Quality Review Brings Bad News for Emerging Europe

The Asset Quality Review (AQR) that the European Central Bank (ECB) must carry out on banks in the eurozone as part of moves towards becoming the banking union’s single supervisor could increase the deleveraging already happening in Central, Eastern and Southeastern Europe, EBRD chief economist Erik Berglof told Marketmoving.info.

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EBRD Launches New Rouble Eurobond

The European Bank for Reconstruction and Development (EBRD) launched its second rouble-denominated Eurobond this year to meet its clients’ demand for funding in local currency in Russia.

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