The European Bank for Reconstruction and Development (EBRD) is strengthening Azerbaijan’s agribusiness sector with a €25 million loan to Avrora LLC, a leading producer of pasta, confectionery, soft drinks and flour products.
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The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are scaling up their support for small and medium-sized enterprises (SMEs) in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine (EaP) amid a severe economic downturn resulting from the coronavirus pandemic.
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It is difficult to imagine going about your day without access to the internet. The coronavirus pandemic has driven life further online. The internet enables millions around the world to work, study, socialise and stay in touch with loved ones during these trying times.
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The European Bank for Reconstruction and Development (EBRD) is extending a €25 million loan to OTP Leasing to boost the competitiveness of micro, small and medium-sized enterprises (MSMEs) across Ukraine against the backdrop of the coronavirus pandemic and its economic impact.
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Ministers and senior officials from the 11 member countries of the Central Asia Regional Economic Cooperation (CAREC) Program have endorsed a new long-term strategy to promote safe, sustainable, and inclusive tourism development in the region, and enhance its attractiveness as a competitive tourism destination globally
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The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing new finance to small and medium-sized enterprises (SMEs) in Moldova. A €17.5 million loan to Moldova Agroindbank (MAIB) will offer much-needed access to finance to this critical business segment.
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Following the signature of a trilateral statement between Armenia, Azerbaijan, and the Russian Federation to end fighting in the Nagorno-Karabakh region, OSCE PA President George Tsereteli (MP, Georgia) issued the following statement:
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The CAREC region, excluding the People’s Republic of China, could see a drop of almost 70% in airline passengers in 2020. This translates to 40 million fewer passengers and roughly $7 billion in lost passenger revenue, putting up to 1 million travel and tourism jobs at risk.
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The UN Secretary-General on Sunday condemned “all attacks on populated areas” in and around the Nagorno-Karabakh zone of conflict, as Armenia and Azerbaijan reportedly accused each other of violating the latest humanitarian ceasefire agreement.
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