The European Bank for Reconstruction and Development (EBRD) has announced that it intends to invest €1.3 billion of its own capital over the next three years, as well as a further €0.8 billion from investors, into projects across Slovakia and the Czech Republic.  Alain Pilloux, Vice President for Banking at EBRD said: "We are very pleased with how quickly our operations have been re-established since we resumed engagement in both countries early this year."  He added that he is looking forward to working closely with the governments of these two countries during his upcoming visits there later this week on behalf of the bank's.

The European Bank for Reconstruction and Development (EBRD) has announced that it will invest up to €1.3 billion (£1.2bn/$1.5 billion) over the next five years in a range of projects across Eastern Europe, including Slovakia and Czech Republic as well as Poland, Romania and Bulgaria; the first time since 2007 that it will be investing directly into countries from this region, having graduated from direct investment activity at the start of the Covid-19 pandemic which took its toll on central and eastern European economies with devastating consequences for their populations’ health systems. 

The European Bank for Reconstruction and Development (EBRD) has invested a total of €1.3 billion into the Czech Republic, Slovakia and Hungary to help support their economic recoveries from the Covid-19 crisis.  This is part of the bank's new Country Strategy which was introduced last September that focuses on supporting green growth across Central Europe which will help them decarbonise their economies and transition to greener industries over time.  The focus areas for this strategy include renewable energy, sustainable mobility, infrastructure investment, climate finance services as well as improving access to capital markets for clean tech companies.

The European Bank for Reconstruction and Development (EBRD) has announced that it will invest €1.3bn in Central Europe in 2021. This is an increase of over 20% from the amount invested last year.  The bank stated that the main focus of its investments will be on promoting sustainable economic growth, creating jobs, and reducing poverty. Specific examples of projects to be financed include a €35 million equity investment in Rohlik, a leading Czech online grocery retailer now expanding outside the Czech Republic, and a €10 million tranche of a green bond issued by regional PV developer, Photon Energy, which also operates in the Slovak.

In Slovakia, the EBRD will continue to support the strengthening of the electricity transmission network following the closure of two obsolete nuclear reactors.  The investment is expected to create or safeguard around 9,000 jobs in the country.