Development risks remain as economic activity, incomes likely to stay low for extended period
The European Commission has approved a €1.1 billion (PLN 5 billion) Polish scheme to support companies in various sectors affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework.
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Later this week, the House of Representatives is expected to consider a massive legislative package that is being sold as another relief measure for the COVID-19 pandemic.
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The economic downturn caused by the pandemic has taken a painful toll on small businesses. Scores of retail businesses have permanently closed in cities around the world since the Great Lockdown in the spring of 2020.
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Farmers and consumers across Central Asia will have a better supply of packaged legumes (beans, lentils and peas) manufactured in accordance with the highest international food safety and health standards following an agreement between the European Bank for Reconstruction and Development (EBRD), Dan Agro Products (Dan Agro) and DemirBank of the Kyrgyz Republic.
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About 500 kilometers northwest of Kabul, in the town of Nakarabad, 24-year-old Shukria sews to save lives. She produces about 100 masks a day—masks that serve the 1,700 people in her hometown, covering a shortage of this simple yet lifesaving piece of equipment.
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The European Union and the European Investment Bank, working together as Team Europe, are providing €120 million (KES 15.8 billion) of new support for Equity Bank to enhance financing to Kenyan companies most impacted by the COVID-19 crisis.
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Accelerated by the pandemic, the digital future is coming at us faster than ever before, and maybe faster than we can imagine.
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The EBRD, with the support of AICEP* and Multilateral Working Group Portugal (GPEARI-Ministry of Finance) , invites you to attend the webinar: “Working with the EBRD in Central Asia: Spotlight on potential business opportunities in the energy and infrastructure sectors”.
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Remnants of a communist-era hotel and resort network that once provided subsidized vacations for millions of Bulgarian workers still exist.
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The European Bank for Reconstruction and Development (EBRD) and the European Union are intensifying their effort to deliver a direct impact on people’s lives by financing upgrades to water supply and wastewater systems in Bulgaria’s Stara Zagora and Vratsa regions.
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