Dushanbe, 12 February 2013. Today President of Tajikistan Emomalii Rakhmon received a delegation from Eurasian Development Bank (EDB) headed by Igor Finogenov, Chairman of the Management Board, in Dushanbe. The sides discussed the outlooks for the Tajik economy, its development priorities, the main aspects of the investment policy, and EDB’s plans in Tajikistan.
Igor Finogenov said to the President that the Bank was ready to take part, on both expert-and-research and financing levels, in projects involving the generation, transit and export of electric power that would help tap the country’s hydropower potential, primarily small and medium-sized hydropower projects
Total capitalization of these enterprises is over $3 billion, the Eurasian Development Bank said in a report
«If the economies of Russia, Belarus and Kazakhstan are to effectively modernise, they need a unified trade policy inside the Common Economic Space (CES)»
Saint Petersburg, 5 February 2013. Eurasian Development Bank’s (EDB) Centre for Integration Studies has published a report titled The Customs Union and Neighbouring Countries: Models and Instruments of Mutually Beneficial Partnership. The authors have analysed the models and forms of cooperation between the existing integration organisations, in particular the European Union (EU) and the Mercosur, and countries that are not their members and/or do not border them.
In particular, cooperation between the EU and Norway and Iceland (on the basis of the European Economic Area Agreement) and Switzerland (on the basis of bilateral sectoral agreements) has been analysed. The Mercosur pursues a similar approach in its cooperation with Chile.
The report also analyses cooperation between the EU and the Balkan countries which is aimed at achieving their full membership of the EU and with the countries of Eastern Europe, Southern Caucasus (including the EU’s Eastern Partnership programme) and the Mediterranean which takes form of a system of partnership and cooperation agreements and the implementation of plans of actions in the framework of the European Neighbourhood Policy.
«The Customs Union could propose to its current and future partners various models of interaction and additional instruments of cooperation,» says Vladimir Yasinsky, Managing Director for Research at EDB. «This is specifically important for the development of foreign economic ties of the emerging Eurasian Economic Union»
Eurasian Development Bank’s (EDB) Centre for Integration Studies has published a report titled The Customs Union and Neighbouring Countries: Models and Instruments of Mutually Beneficial Partnership. The authors have analysed the models and forms of cooperation between the existing integration organisations, in particular the European Union (EU) and the Mercosur, and countries that are not their members and/or do not border them, the press service of the bank reports
Almaty, 4 February 2013. Sergey Ignatov was appointed as the director of Eurasian Development Bank’s (EDB) representative office in Yerevan. He will be responsible for arranging finance for EDB’s large investment projects in Armenia.
Sergey Ignatov was born in 1981 in Moscow. In 2003 he graduated from the Engineering and Economics Institute of the Plekhanov Russian Academy of Economics specialising in urban planning economics and management. In 2009 he completed his studies at the same academy’s Intersectoral Institute for the Professional Development and Retraining of Management Personnel specialising in business valuation.
In 2008 Mr Ignatov joined EDB. He worked as a manager and then senior manager of a project group and prepared, managed and monitored investment projects. Eight projects in Russia, Kazakhstan, Belarus and Armenia to the tune of US $466 million were implemented with his participation. In 2011 Mr Ignatov was awarded EDB’s certificate of merit as the best employee
Almaty, 31 January, 2012. Eurasian Development Bank (EDB) disbursed another tranche of the financial credit to the Republic of Belarus in the amount of US$440 million from the resources of EurAsEC Anti-Crisis Fund (ACF)
The OECD has revised its list of multilateral financial institutions.
Almaty, 30 January 2013. The OECD has recognised EDB as a multilateral financial institution, and assigned to it Risk Category 3 and Buyer Risk Category SOV/CC0. This decision, proposed by Hermes, a German export credit agency, was approved by the OECD Working Party on Export Credits and Credit Guarantees at its meeting on 25 January 2013.
The issue of recognising the Bank as a multilateral financial institution was raised in the course of the implementation of one of its largest investment projects in Belarus — the construction and commissioning of a small-section rolling mill for the Byelorussian Steel Works (the management company for the Byelorussian Metallurgical Company Holding)
Saint Petersburg, 29 January 2013. The competitiveness of the Common Economic Space (CES) will be improved with the help of technological cooperation and corporate integration in Eurasia. This is the main conclusion made in the report Technological Cooperation and the Improvement of Competitiveness in the CES published today by Eurasian Development Bank’s (EDB) Centre for Integration Studies.
The report makes recommendations as to how improve the competitiveness of the CES on the global stage.
«The CES economy needs both internal diversification and external specialisation,» says Igor Finogenov, Chairman of the EDB Management Board. «An optimal strategy for the CES in the next seven to ten years would be internal diversification to ensure modernisation and growth and external specialization in traditional exports and high-tech products. Given the existing risks in the global economy this approach seems to be the most effective»