Moscow. 15 November 2013. Eurasian Development Bank (EDB) and Bogatyr Komir signed a loan agreement today, under which the Bank will provide investment financing to this Kazakhstan’s largest coal producer. EDB’s loan of up to KZT 3.8 billion (US $25 million) is provided for seven years and will be used to purchase state-of-the-art equipment and machinery.
The agreement was signed by Gennady Zhuzhlev, Deputy Chairman of the Management Board at EDB, and Victor Shchukin, General Director of Bogatyr Komir
Deputy Chairman of the EDB Management Board, ACF Manager, Sergey Shatalov spoke to VB about the status and prospects of Kyrgyzstan’s cooperation with Eurasian Development Bank and EurAsEC Anti-Crisis Fund (ACF)
Moscow, 12 November 2013. The Eurasian Economic Commission (EEC) and Eurasian Development Bank (EDB) signed today a memorandum of cooperation. The document was executed by Viktor Khristenko, Chairman of the Board at the EEC, and Igor Finogenov, Chairman of the Management Board at EDB. The signature took place in the framework of the 8th Research-to-Practice Conference Deepening and Expanding Eurasian Integration held by EDB in Moscow
Moscow, 12 November 2013. Today Eurasian Development Bank (EDB) opened its 8th International Research-to-Practice Conference titled Deepening and Expanding Eurasian Integration in the President Hotel in Moscow
St. Petersburg, 6 November 2013. Ukraine’s entering into a free trade zone agreement with the European Union will result in the degradation of its trade and economic ties with the Single Economic Space (SES) in a number of industries. This can lead to a gradual winding-down of projects in Ukraine’s high-tech sectors and an increase in investments in projects by the SES countries caused by a reduction in dependence on Ukrainian imports. The most sensitive consequence can be the termination of joint work on new technologies. As a result, Ukraine’s economy is estimated to lose between 1.5% and 2% of its GDP. These estimates are presented in the report titled Economic and Technological Cooperation between the SES and Ukraine by Sectors published by Eurasian Development Bank’s (EDB) Centre for Integration Studies.
The authors of the report study the issue of industrial and inter-industry links between the SES economies and Ukraine and come to a conclusion that cooperation between enterprises has been maintained in practically all segments of the processing industries, while in certain sectors of mechanical engineering (shipbuilding, aircraft engineering, nuclear industry) this cooperation has no alternatives. The possible worsening of trade and economic ties between the countries can result in addition risks for them
The Eurasian Development Bank has prepared an annual study of the mood and hopes of 11 CIS member states, along with Georgia. Its Integration Barometer EDB-2013 focuses also on the analysis of their economic life. The poll involved 14,000 people across different social groups, different regions and towns. Researchers studied their wishes on the basis of several fundamental questions: ‘What products are you buying?’, ‘Where would you love to live?’ and ‘Where would you like to work?’
St. Petersburg, 22 October 2013. Cooperation between 27 cross-border regions of Belarus, Russia and Ukraine has significant potential; however the existing frontiers and barriers are a significant factor that fragments the region’s economic space. As a result, trade between Russian and Belarusian regions remains significantly weaker than between the bordering regions of Russia and Ukraine, where the main production potential is concentrated. This conclusion is made in the report presented by Eurasian Development Bank’s (EDB) Centre for Integration Studies and titled Cross-Border Cooperation between Russia, Belarus and Ukraine. The report has been prepared by experts from these three countries led by the Russian Academy of Sciences’ Institute of Economics (IERAS)
Almaty, 21 October 2013. The lack of investment in infrastructure, in particular interstate and interregional projects, is a very serios problem in the post-Soviet space, which affects the development of interregional cooperation and trans-border and sectoral projects. Igor Finogenov, Chairman of the Management Board at Eurasian Development Bank (EDB), said this at the World Economic Forum Moscow meeting Russia’s Regions: Drivers of Growth on Sunday
Last week the ceremony of laying a capsule to designate the launching of the project to construct a 45 MW wind power plant took place in the town of Yereimentau, Akmola Region, Kazakhstan, the press service of the EDB reports