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The Latest Breaking News from EBRD

EBRD lowers growth forecast as Iran war energy shock continues to hit economies

Economic growth across the European Bank for Reconstruction and Development's regions is expected to slow more sharply than previously forecasted this year, largely due to inflation rising to 6.4% due to the Iran war, which has pushed up energy prices.

Euronews

Risk of ‘serious’ economic shock if Iran war drags on, EBRD chief says

Odile Renaud-Basso says the current scenario will dampen growth and push up inflation in the countries where her institution operates, but that the economic repercussions of a drawn-out war will be “much more serious.”

Euronews

Newsletter: Magyar sets stall amid hope for renewed EU-Hungary ties in Brussels

Also in this newsletter: The President of the European Bank for Reconstruction and Development (EBRD) warns of a deeper economic shock should the war on Iran drag out.

Euronews

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EBRD spearheads €5.9bn investment programme in emerging Central Asian markets

The European Bank for Reconstruction and Development (EBRD) is expanding its investment programme in Uzbekistan, with total commitments approaching €5.9bn across more than 200 projects.

Euronews

Report: Attacks on Ukraine's energy system to lower economic growth this year and next

Ukraine's economy will see less growth this year and next due to damage to its energy infrastructure from Russia's attacks

The Independent UK

US and China trade strains fail to derail European development outlook

The European Bank for Reconstruction and Development (EBRD) anticipates a growth acceleration across its operational regions, driven by supply chain agility providing resilience in the face of trade tensions.

Euronews

Central Asia boosts green energy, infrastructure and SMEs with EBRD funds

Central Asia and Mongolia received around €1.72bn from the European Bank for Reconstruction and Development last year to fund 120 projects. The investments have a focus on renewable energy, infrastructure and SMEs.

Euronews

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Uzbek President Mirziyoyev signs Board of Peace charter and holds talks in Davos

During the World Economic Forum, Shavkat Mirziyoyev combined multilateral engagement with a series of political and economic meetings, focusing on peace initiatives, investment cooperation and Uzbekistan’s participation in international diplomatic frameworks.

Euronews

Kazakhstan calls on EU to speed up €10 billion Central Asia investments

The EU and Kazakhstan are celebrating the 10th anniversary of the signing of the Enhanced Cooperation Agreement, with connectivity and critical raw materials as key areas of cooperation.

Euronews

New investments push Trans-Caspian Corridor into its next phase

At the Tashkent Investors Forum, officials detailed new rail, port, and digital upgrades, stressing that coordinated reforms and harmonised border systems are essential for scaling the corridor.

Euronews

Youth politics could help nations confront the economic hit of ageing

AI adoption alone is insufficient to offset the economic hit of ageing populations, says a new EBRD report.

Euronews

Direct impact of US tariffs on EBRD to remain limited, chief economist says

As US President Donald Trump continues to shake up the global trading order, EBRD nations aren’t likely to feel the brunt of the disruption. Even so, diminished growth in other countries is set to have ripple effects.

Euronews

Three dead in Russian strikes as Moscow continues attacks on Ukraine's power grid

Russian launched more than 650 drones and more than 50 missiles of various types in its latest strikes, Ukraine's President Volodymyr Zelenskyy said.

Euronews

DO NOT USE EBRD ‘even more important’ amid global tensions and aid cuts, president says

Odile Renaud-Basso dismisses decline of multilateralism as a threat to the mission of the European Bank for Reconstruction and Development (EBRD) and foresees a role in post-war Ukraine and Gaza’s post-war recovery.

Euronews

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Euronews

EBRD ‘even more important’ amid global tensions and aid cuts, president says

Euronews

Ukraine faces difficult winter amid Russian strikes on energy grid, EBRD chief warns

Kyiv was "well prepared" for winter "a few days ago" before a barrage of Russian strikes targeted oil and gas facilities, Odile Renaud-Basso said.

Euronews

Here are the biggest economic risks for EBRD countries in Europe

Export competition from China and trade uncertainties are among the issues squeezing economic growth in the regions covered by the European Bank for Reconstruction and Development (EBRD).

International Business Times

The Cersanit Mirage: Polish Tycoon's 'Exit' from Russia Is Likely An Elaborate Shell Game

Solowow invested around 250 million Euros into his Russian assets, and by the start of the war the Russian market accounted for 20% of Cersanit's business.

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The Independent UK

Montenegro tourism boost after securing 350 million euros for transport upgrade

The stretch will connect Montenegro's underdeveloped north with the more economically active centre and south

International Business Times

US Tariffs Hit Central Europe, Balkans Growth: Europe Bank

Economic growth in Central Europe and the Balkans is expected to be strained this year by US President Donald Trump's tariff policies, Europe's development bank forecast Tuesday.

The Guardian - UK

Russian drone strike caused tens of millions worth of damage to Chornobyl

Attack damaged €1.5bn containment structure over nuclear reactor with repair costs likely to be borne by western governments

Euronews

Inflation eases in Turkey although Trump tariffs pose economic risks

Turkey's inflation rate slowed more than expected in March, although domestic political turmoil and Trump tariffs pose risks to price pressures.

The Guardian - UK

Ukraine’s economy could grow by 5% next year if hostilities end, EBRD says

European reconstruction bank will help rebuild country if peace is agreed but a lasting end to conflict is needed

The Guardian - UK

Oil price drops, and BP and Shell shares slide, as Saudi Arabia ‘prepares to abandon $100 crude target’ – as it happened

Saudi Arabia is reportedly ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output

inkl

An Operational Look at the Deal: COO Maria Katsan on the Allset Acquisition

In June 2024, SoundHound AI — a publicly traded company on NASDAQ — announced the acquisition of Allset, a restaurant pre-ordering platform. Allset brought with it technology, a seasoned team, and a portfolio of 7,000 partner restaurants, including Joe & The Juice and Charley's Cheesesteaks. For SoundHound, it was a…

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