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The European Bank for Reconstruction and Development, alongside the Enterprise Expansion Fund II Western Balkans (ENEF II), are backing Uje Rugove, a prominent bottled water firm in Kosovo, with a sustainability-tied loan of €6 million. This investment aims to bolster Uje Rugove's market position and foster growth. With the acquired funds, Uje Rugove plans...
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Poland has emerged as a leading figure in the lithium-ion battery industry. PSPA data suggests that it currently occupies the second position globally, trailing only China and surpassing the USA, making it the top performer in Europe.
In 2022, exports of lithium-ion batteries from Poland comprised more than 2.4% of the nation's total exports. The industry's...
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In a seemingly paradoxical move, more than €1.5 billion in European Union funds has been allocated since 2014 to fossil gas projects in Poland and Romania, countries where governments have earmarked even larger funds for fossil gas in the current EU budget period. This allocation comes in spite of the EU’s committed goals to cut down greenhouse gas...
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Central Europe (encompassing Poland, Hungary, Czech Republic, Slovakia, and Slovenia) is expected to maintain its allure as a prime location for automotive production, particularly focusing on the manufacturing and development of electric vehicles (EVs), throughout the forecast period of 2023-2028. The region is strategically positioned to capitalize on the...
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Slovenia, through its investment promotion agency, SPIRIT, and South Korea, represented by its Chamber of Commerce and Industry, have entered into a strategic partnership by signing a Memorandum of Understanding (MoU) on August 30. This collaboration aims to fortify economic relations, elevate trade levels, and attract innovative investments between the two nations....
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Polish seaports, vital assets to the nation’s economy, are undergoing substantial developments aimed at modernizing infrastructure, enhancing operational efficiency, and increasing handling capacity. The primary focus areas of these advancements include automation, digitalization, and green transition, sectors where Finnish companies hold a competitive...
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To foster energy-efficient residential housing, the European Bank for Reconstruction and Development (EBRD) has allocated a €110 million loan to Heimstaden Bostad in the Czech Republic, renowned as the proprietor of the largest assortment of private residential rental units in the country. Teaming up with a group of commercial banks, EBRD aims to fund expansive...
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Equity Engagement in Investment Fund Focused on Central and Eastern European (CEE) Startup Ecosystem Enhancing Global Competitiveness of Japanese Corporations through Investments in CEE, the "Next Innovation Hub of Europe" On May 30, the Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) entered into an agreement to participate...
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The European Bank for Reconstruction and Development (EBRD) is redirecting some funds from a previously approved sovereign loan to Ukraine's Infrastructure Development and Restoration Agency (formerly known as Ukravtodor). This redirection, amounting to €182 million, will be used for improvements on the road segment between Lviv and Rava-Ruska near the Polish...
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Poland's construction sector has witnessed a notable shift in building material prices over the past year. As of June 2023, the trends indicate a dichotomy in the market: while most material prices are on the rise, wood and insulation stand out as exceptions. Data from June 2023 reveals that OSB (Oriented Strand Board) and sawn timber, two primary wood products...
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