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The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International have joined forces to provide a €110 million financing package aimed at developing two solar photovoltaic power plants in south-eastern Romania, with a combined installed capacity of approximately 300 MW. This significant investment reflects the growing confidence...
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The European Bank for Reconstruction and Development (EBRD) is providing a €70 million loan to Nova Post, a top private postal and courier service in Ukraine, to support its 2024 investment initiatives.
Arvid Tuerkner, EBRD’s Managing Director for Ukraine and Moldova, highlighted that the loan will bolster the company's long-term strategy,...
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Exploring Business Prospects in Poland
Poland stands as the sixth-largest economy in the European Union, with a GDP closely trailing behind major EU nations like the Netherlands, Spain, Italy, France, and Germany. Its consistent economic growth is attributed to several key factors, including a highly skilled yet cost-effective workforce, increasing foreign direct...
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The emerging economies of Central and Eastern Europe (CEE) are poised to become a new epicenter of economic growth within the European Union. As industrial activity surges and foreign direct investment (FDI) flows into the region, the economic convergence of CEE with Western Europe is set to accelerate, offering substantial business opportunities.
Prospects...
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The European Investment Bank (EIB) and the EU have committed €96 million to significantly modernize Serbia's electricity distribution network and enhance waterborne transport. This investment aligns with Serbia's goals of promoting energy efficiency and sustainable transport, thus fostering regional economic growth.
Key Highlights of the Investment
1....
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The European Investment Bank (EIB) Group has inaugurated a cutting-edge IT Centre of Excellence (CoE) in Warsaw. This strategic move aims to bolster the group's cloud, cybersecurity, and other digital capabilities, reinforcing Poland's pivotal role in EIB's expansion.
Enhancing Digital Capabilities in Poland
EIB Vice-President Teresa Czerwińska emphasized...
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The European Investment Bank (EIB) has approved a substantial €207 million loan to the City of Zagreb, marking the first phase of a larger €395 million framework loan. This funding is aimed at crucial infrastructure upgrades essential for the sustainable development of Croatia's capital.
Key Infrastructure Projects and Investment Focus
The EIB loan...
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1. Polish Economic Institute Projections
The Polish Economic Institute anticipates that Poland's GDP will grow by 2.6% in 2024, with a significant increase to 4.1% in 2025.
2. S&P Global Forecast Updates
International ratings agency S&P Global has revised its forecast for Poland's GDP growth for the current year to 2.9%, up from an earlier estimate...
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The European Bank for Reconstruction and Development (EBRD) is extending a €10 million loan to Garanti BBVA Leasing Romania, a mid-sized finance lease provider focused on supporting small- and medium-sized enterprises (SMEs). This loan aims to enhance SMEs' access to leasing finance and strengthen their resilience.
Financing for Growth and Sustainability
Garanti...
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Nearshoring to Poland and Other CEE Countries: A Strategic Move for European Businesses
In recent years, Poland has emerged as a key nearshoring destination for businesses across Europe. This trend, driven by various economic and geopolitical factors, is not only benefiting Poland but also extending its advantages to neighboring countries. This article...
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