Saint Petersburg, 24 April 2014. Eurasian Development Bank’s (EDB) Centre for Integration Studies has published the report titled Quantifying Economic Integration: of the European Union and the Eurasian Economic Union: Methodological Approaches. The report is part of the large-scale project Challenges and Opportunities of Eurasian Economic Integration implemented in cooperation with the IIASA Institute (Vienna), which envisages a number of high-level roundtables as well as research articles and reports. The objective of the project is to discuss and analyse economic integration in Eurasia, both on the continental scale «from Lisbon to Shanghai,» and in the EU-EEU dimension «from Lisbon to Vladivostok»
Almaty, 21 April 2014. Eurasian Development Bank (EDB) announces its fifth competition among research and publication projects within the Regional Integration Research Programme of the EDB Technical Assistance Fund (TAF).
«EDB conducts yearly competitions for grants for research or the publication of research papers on integration topics with a view to fostering Eurasian integration studies and international cooperation and to supporting young and promising researchers in this area,» says Vladimir Yasinsky, Member of the Board and Managing Director for Research at EDB. «The priority projects are those that encompass economic, political and sector-specific research in the areas of transport, communications, energy and the environment and that can be put in practice to promote integration between the Bank’s member states.»
The fifth research and publication competition within the EDB TAF Regional Integration Research Programme will run from 21 April to 23 May 2014.
Individual researchers and research groups from institutions and organisations of the CIS countries, primarily from the Bank member states, can take part in the competition. Those who have already participated in similar competitions within the EDB TAF Regional Integration Research Programme and have received grants may be admitted to the competition only once every three years
Almaty, 15 April 2014. The new Renaissance hotel, which opened recently in the capital in Belarus, was built using a loan from Eurasian Development Bank (EDB).
In November 2012 EDB and Mospromstroy Hotel, a subsidiary of Mospromstroy established specifically to implement this project in Belarus, signed a US $47 million loan agreement to build a hotel in Minsk
Moscow, 8 April 2014. A multilateral mission visited the proposed locations of the North-South road transport corridor in Armenia. The mission comprised experts from Eurasian Development Bank (EDB), representatives of the North-South project group, and technical consultants from Egis (France)
Almaty, 3 April 2014. Eurasian Development Bank (EDB) and Magadan Commercial Seaport OJSC signed today an 11-year loan agreement, under which the Bank will provide €9.95 million to finance the replacement of outdated port equipment. The funds will be used to purchase gantry cranes produced by Liebherr. The total cost of the port modernisation project exceeds US $30 million
Yekaterinburg, 2 April 2014. Regional development institutions should express more initiative and cooperate with international financial institutions (IFI) in a more proactive fashion. Gennady Zhuzhlev, Deputy Chairman of the Management Board at Eurasian Development Bank (EDB), stated this at a plenary session of the 2nd All-Russia Forum of Development Institutions, which opened today in Yekaterinburg
St. Petersburg, 1 April 2014. Integration in the post-Soviet space progresses at an uneven pace in different domains, but the level of integration in the CIS has generally remained virtually unchanged for the last four years. That means that the permanent disintegration trend observed over two decades might have been reversed. At the same time, there has been no qualitative breakthrough yet. That is the conclusion reached by the Centre for Integration Studies of the Eurasian Development Bank, which has completed a new stage of its research project “System of Indicators of Eurasian Integration” (SIEI).
It is the major research project of the Centre designed to become the tool of on-going monitoring and assessment of the pattern and key vectors of Eurasian integration. SIEI is acknowledged as one of the three best systems for detailed regional integration analysis globally. The project is based on analysing official statistics of the CIS countries over the period of
Bishkek, 20 March 2014. A meeting of Chairman of the Management Board of Eurasian Development Bank (EDB) Igor Finogenov with acting Prime Minister of the Kyrgyz Republic Jantoro Satybaldiev was held today in Bishkek
Bishkek, 20 March 2014. Two agreements on project financing one for the Bishkek-Osh Road Rehabilitation and the other for agricultural machinery supplies were concluded today in Bishkek between Eurasian Development Bank (EDB) and the Kyrgyz Republic. The documents were signed by Chairman of the EDB Management Board Igor Finogenov and Minister of Finance of the Kyrgyz Republic Olga Lavrova.
Both projects are to be financed using the resources of the EurAsEC Anti-Crisis Fund (ACF), which are managed by EDB.
Under the first agreement, US $60 million will be allocated to finance the rehabilitation of Jalal-Abad — Madaniyat section of the Bishkek-Osh road. The section stretches for 67 km connecting the northern regions of the country to the southern ones. It was not rehabilitated during the implementation of the first three phases of the Bishkek-Osh Road Rehabilitation Project, which was financed by Asian Development Bank (ADB).
EDB will be implementing its project in the format of co-financing with ADB, whose resources will be used to finance rehabilitation of Bishkek — Kara-Balta section of the road. In addition, ADB’s environmental and social safeguard policies and expertise will be used in the Project preparation and implementation. The financing is to be provided for 20 years on concessional terms (1 % annual with a grace period of eight years).
Under the second agreement, EDB is to extend to the Ministry of Finance of the Kyrgyz Republic US $20 million on the same terms to finance purchases of agricultural machinery for the Kyrgyz Republic