29 December 2016
Eurasian Development Bank (EDB) and the Industrial Metallurgical Holding (IMH) signed a loan agreement to boost iron ore outputs. The document was signed by Konstantin Limitovsky, Deputy Chairman of the Management Board at EDB, and Evgeny Zubitskiy, President of IMH
28 December 2016
Eurasian Development Bank (EDB) provided a US $30 million revolving loan facility for Belagroprombank for five years. The agreement was signed on 28 December 2016 by Dmitry Ladikov-Roev, Managing Director for Assets and Liabilities at EDB, and Sergei Chuhai, Deputy Chairman of the Management Board at Belagroprombank
28 December 2016
Eurasian Development Bank and State Transport Leasing Company (GTLK) made a loan agreement to refinance GTLK’s expenses for the construction of three river-sea oil tankers (RST54) at Russia’s Oka Shipyard. The agreement was signed by Konstantin Limitovsky, Deputy Chairman of the Management Board at EDB, and Anton Borisevich, First Deputy General Director of GTLK. The loan totalling US $29.4 million will be provided for 6.5 years
27 December 2016
Asian investors continue to increase direct investments in the EAEU. Over the observation period, FDI stock from nine Asian countries (China, Japan, Turkey, India, the Republic of Korea, the United Arab Emirates, Iran, Singapore, and Vietnam) has increased from US $30.4 billion in 2008 to US $61.9 billion in early 2016. These findings are presented in EAEU and Eurasia: Monitoring and Analysis of Direct Investments 2016, a report prepared by Eurasian Development Bank’s Centre for Integration Studies
15 December 2016
Eurasian Development Bank (EDB) intends to become a market maker at KASE's currency market for the RUB/KZT pair. EDB decided to acquire this status in order to support integration of the member states' foreign exchange markets. Earlier, EDB acquired the same status for the RUB/KZT pair at Moscow Exchange
14 December 2016
Eurasian Development Bank (EDB) and Alfa Bank (Belarus) signed an agreement to finance foreign trade transactions of Alfa Bank's clients in the EDB member states
13 December 2016
The creation of the Eurasian Economic Union is a real achievement for its participants after several "integration false starts" of the 1990s and 2000s. Dmitry Pankin, Chairman of the Management Board at Eurasian Development Bank (EDB), stated this at a meeting with the teaching staff and students of Gumilyov Eurasian National University in Astana
09 December 2016
EDB received Cbonds Awards for the best initial placement in the securitisation market as the arranger of a bond issue for SFO PSB MSB 2015, a special purpose vehicle of Promsvyazbank. The awarding ceremony took place at the Russian Bond Congress
06 December 2016
The EFSD council has approved disbursement of the second tranche of the EFSD financial credit of US$ 100 million to the Republic of Armenia. The key areas of reforms supported under the EFSD programme include strengthening the financial soundness of the energy sector, raising the efficiency of the public finance management, and improving the investment climate. In the framework of the programme, the reforms to promote de-dollarization of the economy, greater credibility of the banking sector, and higher exports have also been continued