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The European Bank for Reconstruction and Development (EBRD) aims to invest again around 1.1 billion euro ($1.24 billion) in the Western Balkans this year, with a focus on the private sector, connectivity and transition to green economy

18.04.2019


The European Bank for Reconstruction and Development (EBRD) aims to invest again around 1.1 billion euro ($1.24 billion) in the Western Balkans this year, with a focus on the private sector, connectivity and transition to green economy, EBRD president Suma Chakrabarti said. “We are a long-standing partner of the region, committed to support the building…



Albania to terminate 17 concession contracts for hydropower projects

17.04.2019


Albania’s Ministry of Infrastructure and Energy has found 9 more cases of contract violations during its review of concession agreements for hydropower plants (HPPs). This amounts to 17 concession deals the ministry has started severing, the ministry said on its website. The ministry did not reveal the names of investors in question, the location of…



Elektroprivreda BiH issues a Tender for Baseload Power Surplus

16.04.2019


Bosnia’s biggest power utility Elektroprivred Bosne i Hercegovine (EPBiH) on Friday issued a tender to sell nearly 221 gigawatt hours (GWh) of baseload power surplus it will produce in the second half of 2019. EPBiH invited both domestic and international bidders to place their bids by April 19. Unlike its Balkan neighbors, which rely on…



FDI into Bosnia hits record high

05.04.2019


Direct foreign investment in Bosnia and Herzegovina reached a record 400 million euros in 2018, an increase of 2.8 per cent compared to 2017. According to Gordan Milinic, the director of the country’s investment promotion agency FIPA, the amount of FDI is highly satisfactory, not least as last year proved extremely difficult to attract foreign…



FDI into Albania rises 9.1% in 2018

27.03.2019


The inflow of foreign direct investments (FDI) in Albania increased to 981.6 million euro ($1.1 billion) in 2018, as compared to 899.9 million euro in 2017, according to central bank data published on Monday. On a quarterly comparison basis, the net inflow of foreign direct investment also increased – to 263.8 million euro in the…



Slovenia’s net power output flattish in Feb

26.03.2019


Slovenia’s net electricity production increased by 1% month-on-month to 1,208 GWh in February, while total electricity consumption fell by 3% to 1,173 GWh, the country’s statistical office said on Monday. The output of hydro power plants increased by 60%, the output of thermal power plants fell by 13%, while the electricity production of Slovenia’s sole…



Montenegro Gains 20 Million EUR for Water Management

22.03.2019


Based on the Sava and Drina corridor integrated development program, which represents new and one of the largest regional initiatives in recent years in the field of integrated water resources management, Montenegro will have at its disposal about 20 million EUR for projects aimed at improving water management in the Drina River basin. The Drina…



EBRD says will invest at least $1.25 billion in Western Balkans in 2019


The European Bank for Reconstruction and Development plans to invest at least 1.1 billion euros (944.3 million pounds) in infrastructure, energy and the private sector in the Western Balkans this year, a top EBRD official said on Wednesday. The bank, which was set up in 1991 to invest in ex-communist economies of eastern Europe and…



Romania’s Govt. unveils 2019-2030 energy sector strategy draft

19.03.2019


Romania’s Energy Ministry announced on Monday, March 18, that it has launched in public debate the draft “Energy Strategy of Romania 2019-2030, with the perspective of 2050”. The public’s comments and suggestions can be submitted to the Energy Ministry’s headquarters within 15 calendar days of the date of publication of this notice. Romania would need…



EUR 9 Million Loan From EBRD For Green Energy In Albania

18.03.2019


The European Bank for Reconstruction and Development (EBRD) has provided a EUR 9 million loan to support investments in green energy projects in Albania. The money has come from the EBRD’s EUR 85 million ‘Western Balkans Green Economy Financing Facility (GEFF)- an EU initiative that aims to make the region greener through encouraging investment in…