EBRD: EUR 500 million for region's flood recovery

The European Bank for Reconstruction and Development (EBRD) will be extending up to EUR 500 million for on-lending to partner banks.

Source: Tanjug

The move is designed to boost long-term lending to local businesses and private borrowers "in the Western Balkans and Croatia," Tanjug is quoting a statement it received from EBRD.

"The funds are being provided under the Western Balkans and Croatia Finance Framework IV (WBFF IV), structured to accommodate potential demand for additional financing as a result of the recent floods in Bosnia and Herzegovina, Croatia and Serbia," said the bank.

"The EU, World Bank and UN are working with the authorities in the affected countries to prepare a damage assessment report over the next few weeks," it added.

The WBFF IV will provide credit lines as well as equity, hybrid instruments and guarantees to local banks and non-banking financial institutions "in Albania, Bosnia and Herzegovina, Croatia, FYR Macedonia, Kosovo, Montenegro and Serbia for on-lending to micro, small and medium enterprises and private borrowers," said EBRD.


RS leader: Autonomy now, independence later

Milorad Dodik says the Serb people in Bosnia will continue fighting for autonomy, hoping that the political process will eventually result in the independence.

Region Monday, June 30, 2014 09:29 Comments: 7

Albania to become candidate for EU membership

EU foreign ministers have decided to propose that Albania be given candidate status for membership, according to EU Enlargement Commissioner Stefan Fule.

Region Tuesday, June 24, 2014 13:02 Comments: 35
page 1 of 15 go to page