Moscow, 25 November 2014. Experts from Eurasian Development Bank (EDB), headed by Alexey Cherekayev, Director of the Project Group for Investment Credits at the EurAsEC Anti-Crisis Fund (ACF), took part in a donor conference in Yerevan held by the Armenian Ministry of Transport and Communications. The participants discussed possible projects in the road construction sector in Armenia
EDB holds an international discussion on the problems of and prospects for cooperation between the EU and the EEU
Almaty, 21 November 2014. What are the prospects for cooperation between the European Union (EU) and the Eurasian Economic Union (EEU) in the current context? How to distinguish political ambitions and their objective interests? When and how can the idea of an agreement on economic integration between these two unions be fulfilled? These issues were discussed by experts from various EU and EEU bodies, who took part in the third high-level roundtable on Thursday and Friday in Vienna
Almaty, 21 November 2014. The International Investment Bank (IIB) and Eurasian Development Bank (EDB) signed a memorandum of understanding today at the 102nd session of the IIB Council. The document was executed by Nikolay Kosov, Chairman of the Board at the IIB, and Igor Finogenov, Chairman of the Management Board at EDB
The EDB Regional Integration Database provides comprehensive up-to-date information on 92 regional economic groupings, customs unions and trade agreements: their experience should be taken into account to further develop the Eurasian Economic Union
Moscow, 17 November 2014. Last Friday the agreement between the Kyrgyz Republic and Eurasian Development Bank (EDB) on the provision of an investment credit to finance agricultural equipment supplies to Kyrgyzstan took effect.
The project is financed by the EurAsEC Anti-Crisis Fund managed by EDB and envisages the provision of US $20 million to the Kyrgyz Ministry of Finance to finance the purchases of agricultural equipment. The loan is extended for twenty years on special beneficial conditions (with an interest of 1% p.a. and a grace period of eight years)
Moscow, 11 November 2014. Eurasian Development Bank (EDB) signed today a loan agreement with Ardshininvestbank, according to which this Armenian bank will receive US $10 million for five years to finance small and medium-sized enterprises (SMEs) in Armenia. The agreement was signed by Dmitry Krasilnikov, Deputy Chairman of the Management Board at EDB, and Mher Grigoryan, Chairman of the Management Board at Ardshininvestbank.
Ardshininvestbank will select sub-borrowers on its own from SMEs who meet EDB criteria and provide them targeted sub-loans for the advancement of their businesses.
The project will help to create and develop favourable conditions for the sustainable advancement of SMEs, the enhancement of competition, and the improvement of SME competitiveness in domestic and foreign markets. It is being implemented in the framework of EDB-run Programme for the Support and Development of SMEs by Providing Targeted Loan Facilities to Financial Institutions
Almaty, 31 October 2014 . Eurasian Development Bank (EDB) and Transtelecom, a subsidiary of Kazakhstan Temir Zholy (KTZ), signed a loan agreement in the framework of Transtelecom’s project to launch an automated locomotive power and fuel control system titled Energodispetcherskaya Tyagi in Russian.
In accordance with the agreement EDB will increase its share in the project by providing a KZT 7.5 billion loan to Transtelecom, in addition to KZT 17.5 billion extended in 2013
Almaty, 30 October 2014. Eurasian Development Bank (EDB) will provide a five-year loan to Sagamar for a total of US $11 million to implement an investment programme, which envision.oiiippo0-= the production of copper and zinc concentrate with controlled silver and gold content at the Armanis deposit of polymetallic ores.
The respective loan agreement was signed today in the town of Stepanavan by Gennady Zhuzhlev, Deputy Chairman of the Management Board at EDB, and Dmitry Ushkov, General Director of Sagamar
Almaty, 30 October 2014. Eurasian Development Bank (EDB) and the Akimat (government) of Kyzylorda Region signed a memorandum of cooperation. The document was executed by Igor Finogenov, Chairman of the Management Board at EDB, and Krymbek Kusherbayev, Akim of Kyzylorda Region.
The parties to the memorandum agreed to cooperate in arranging finance for mining, processing, power, construction and other projects implemented in the region