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The Latest Breaking News from EBRD

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

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

Euronews

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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).

Euronews

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.

International Business Times

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

The Independent UK

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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.

International Business Times

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

The Guardian - UK

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.

Euronews

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

The Guardian - UK

Former Tory minister Therese Coffey applied for job in Labour government

Liz Truss ally applied to for job advertised by the Treasury, but was rejected from role

The Independent UK

Thérèse Coffey was turned down for Labour Treasury job

UK director of European development bank reports to Rachel Reeves, who has been critical of previous government

The Guardian - UK

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The Guardian - UK

Russia-Ukraine war: Blinken announces $2bn in aid as Russia claims to have taken more settlements – as it happened

US secretary of state says ammunition, armoured vehicles and missiles will be rushed to frontline as Moscow says it has captured more territory

The Guardian - UK

Intensifying war increasing threat to Ukraine economy, EBRD warns

European Bank for Reconstruction and Development cuts growth forecasts for regions it operates in, saying war ‘casting long shadow’

Fortune

The EBRD's chief economist wants business leaders to push back against 'the dangers of economic fragmentation'

In 2015, just 5% of critical raw materials were subject to trade restrictions. It's 30% now.

France 24

New EBRD report shows contrasting fates of former Eastern bloc economies

The European Bank for Reconstruction and Development (EBRD), founded to help build up market economies in the wake of the fall of the Soviet Union, has issued a new growth forecast for the region. It predicts that Ukraine will see its GDP increase by 3 percent in 2024. Speaking to…

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The Guardian - UK

EU to step up support for Moldova at summit in face of threat from Russia

Meeting of European Political Community in Chișinău will bolster existing aid by opening civilian mission staffed by up to 50 officials

Reuters

EBRD pledges more support for Ukraine with capital boost

At a meeting in Russia's former Central Asian backyard, the European Bank for Reconstruction and Development on Thursday pledged further support for war-torn Ukraine with plans to increase its capital by 3 billion-5 billion euros.

Zenger

European Commission Inaction Is Putting The EU’s Insurance Market At Risk

The Romanian Financial Supervisor Authority announced its bankruptcy proceedings against City Insurance SA.

Evening Standard

King Charles says he is determined to return to Ukraine ‘before I get too old’

The monarch was speaking as he officially opened the new European Bank for Reconstruction and Development Headquarters

The Independent UK

King speaks of desire to visit Ukraine at opening of EBRD headquarters

Charles was presented with a painting of the country’s golden fields and blue sky at the European Bank for Reconstruction and Development in London.

France 24

Has Russia's economy withstood Western sanctions?

Vladimir Putin claims the Russian economy has withstood Western sanctions, as he prepares to mark one year since the invasion of Ukraine. While Russia's GDP has contracted less than many analysts expected, Beata Javorcik of the EBRD explains that's largely the result of years of "sanctions-proofing", and doesn't mean that…

Asharq Al-Awsat

Türkiye Earthquake Could Result in Loss of Up to 1% of Country's GDP in 2023

The potential economic effects of the earthquake in Türkiye could result in a loss of up to 1% of the country's gross domestic product this year, the European Bank for Reconstruction and Development (EBRD) said in a report published on Thursday.

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