BSTDB: The Black Sea Trade and Development Bank. Black Sea Oil & Gas Forum (Sofia, Bulgaria) March 2013
|
|
|
- Merilyn Douglas
- 5 years ago
- Views:
Transcription
1 BSTDB: The Black Sea Trade and Development Bank Black Sea Oil & Gas Forum (Sofia, Bulgaria) March 2013
2 Black Sea Oil & Gas: Legal, Regulatory & Market Considerations The Black Sea Region forms both: An energy bridge between suppliers and consumers in the EU; and An exploration and production source for offshore resources. EU & Russia are key considerations for the In coming decades the EU & RU are to remain respectively the largest importer and largest exporter of natural gas in the world Building a Pan-European Energy Market (i.e. Energy Security) relies on unbundling, investment in interconnectors, diversification of supply, and of course Russia Most EU countries rely on imports of oil & gas (between %) 35% of EU oil comes from Russia & 40% of its gas Largest share of oil & gas supply comes from countries that do not apply OECD or WTO rules (and are usually politically controlled).
3 Black Sea Oil & Gas: Legal, Regulatory & Market Considerations Primary Energy Consumption in the EU:
4 Black Sea Oil & Gas: Legal, Regulatory & Market Considerations
5 Black Sea Oil & Gas: Legal, Regulatory & Market Considerations EU s External Energy Policy Looking to align existing international agreements (primarily gas) with EU internal market rules and strengthening cooperation before they sign new ones. New certification procedure for Transmission System Operators owned by non- EU nationals is seen as insufficient to address perceived imbalance. EU has attempted to extend and deepen this by integrating neighbouring countries (e.g. UA signed Feb 2011). The effect on South Stream and Gazprom related projects is unclear. Diversification strategies that ignore RU are doomed to failure and/or low efficiency. Southern Corridor is key!
6 Black Sea Oil & Gas: Legal, Regulatory & Market Considerations
7 Black Sea Oil & Gas: Legal, Regulatory & Market Considerations Black Sea Countries Strategies BU: has signed a pipeline deal with Russia as wants to have role in transit as well as E&P. RO: Wants to have role in transit as well as E&P activities offshore. RU: Major energy exporter and seeks to have influence in region. TU: Looking to become a energy transit hub not only for RU, but also for AZ, Caucuses and the Middle East. UA: Highly dependent on RU, while striving to diversify sources. Transit pipeline is key but may lose independence. Shale Gas bonanza and the environmental considerations also weigh highly.
8 Black Sea Oil & Gas: Legal, Regulatory & Market Considerations Market / Financing Implication Building a Pan-European Energy Market will require over 1 Trillion of investment in the coming years. 19b priority gas pipeline projects identified & 6b electricity transmission projects already identified. In addition EU Countries have signed up to 20:20:20 Directive which requires further investment in Renewable production, energy efficiency and reducing GHGs. Private (bank /markets /corporate) financing challenged due to current financial malaise Sovereign / State financing limited due to reduced budgets and current targets Need for more Multilateral involvement (EIB, EBRD, IFC, BSTDB, etc.)
9 BSTDB At A Glance Headquarters: Thessaloniki, Greece First Operation: November 1999 Employees: 100 Shareholders: 11 countries of the Black Sea Region Authorized Capital: EUR 3.5 billion (doubled in 2008) Cumulative Portfolio: EUR 2.7 billion (257 projects) Active Portfolio: EUR 1.27 billion (106 projects) Credit Ratings: A3 by Moody s (July 2012) A-/A-2 from S&P (January 2013).The ratings are 5 notches higher that the average rating of the shareholders. BSTDB is the best rated financial institution in the Black Sea region
10 Shareholding Structure
11 Mandate and Development Impact Mandate Foster economic and social development of the Black Sea region Provide financing to public and private enterprises of the region Promote co-operation and integration among Member States Mobilize resources for the Black Sea region Development Impact Creation of jobs Productivity improvement Export development Environment protection Public infrastructure development
12 Outstanding Operations by Country (at 31/12/2012) Ukraine 10.35% Albania 5.44% Armenia 4.08% Azerbaijan 9.63% Turkey 20.26% Bulgaria 9.65% Russia 24.39% Greece 5.53% Georgia 2.13% Romania 6.31% Moldova 2.22%
13 Sectoral Distribution of Projects (Outstanding Operations at 31/12/2012) Telecommunications 3.09% Mining 0.00% Construction 3.84% Agriculture, forestry, fishing 0.00% Retail Trade 0.58% Services & Real Estate 7.61% Transport and Public Utilities 14.08% Manufacturing 14.21% Energy 11.74% Financial Institutions 44.86%
14 Operations by Product Type (Outstanding Portfolio at 31/12/2012) Equity 5.68% Guarantee 0.00% Trade Finance 3.05% SMEs 36.45% Project Finance 54.82%
15 Energy & Infrastructure Portfolio (at 31/12/2012)
16 BSTDB: Energy & Infrastructure Primary Type of Transactions: Project Finance Up to 35% Sponsor equity of about 30% and remainder co-financed Corporate Finance Well established Corporates with a strong record of healthy IFRS audited financials All projects must: Have a solid business plan & IFRS statements Pass KYC, Corporate Governance, and Creditworthiness checks of Sponsor / Borrower Pass due diligence checks (market, financial, technical, EHS, legal, etc.)
17 BSTDB Energy Portfolio (1) BU: Maritza East I Construction of 600MW lignite-fired power plant, owned by AES Participant in EUR 1.1b debt facility BU: Suvorovo Wind Farm Construction of 60MW wind farm, with Spanish sponsor Participant in EUR 62m debt facility RO: Petrom Corporate loan to largest Romanian oil & gas group to finance various components of strategic environmental program Participant in EUR 275m debt facility
18 BSTDB Energy Portfolio (2) TU: Koprubasi Construction of 74MW Hydro Power Plant Participant in USD 28m debt facility
19 BSTDB Energy Portfolio (3) UA: Alfa Nafta Finance expansion of gas filling station network USD 36m debt facility UA: Chornomornaftogaz Support development of existing oil & gas reserves on Black Sea USD 21m debt facility UA: Galnaftogaz Finance expansion of gas filling station network USD 44m debt facilites UA: Gas Transit Construction of compressor on existing Ananyev-Izmail gas pipeline. Participant in EUR 97m debt facility
20 Roman Matkiwsky Director, Energy & Infrastructure E: Thank You!
SE Europe Energy Dialogue: Energy Market Transition & Energy Security
SE Europe Energy Dialogue: Energy Market Transition & Energy Security Panel Discussion on SEE s Emerging Regional Electricity Market Roman Matkiwsky Director ENI 26-27 June 2018 BSTDB in SEE 2 BSTDB: Energy
The Black Sea Trade and Development Bank. BSTDB: Financing Economic Development of the Black Sea Region
The Black Sea Trade and Development Bank BSTDB: Financing Economic Development of the Black Sea Region Ankara, March 7, 2011 BSTDB At A Glance Location Thessaloniki, Greece First Operation November 1999
The Black Sea Trade and Development Bank. BSTDB: Financing Economic Development of the Black Sea Region
The Black Sea Trade and Development Bank BSTDB: Financing Economic Development of the Black Sea Region Athens, February 18, 2011 BSTDB At A Glance Location Thessaloniki, Greece First Operation November
The Black Sea Trade and Development Bank: Financing Urban Infrastructure
The Black Sea Trade and Development Bank: Financing Urban Infrastructure 15 th Conference of the Union of Central & South-Eastern European Capitals Athens, October 18, 2013 BSTDB SHAREHOLDERS AND COUNTRIES
THE NEED TO ADDRESS FINANCIAL MARKETS DEVELOPMENT IN THE REGION
SOUTH CAUCASUS AND UKRAINE INITIATIVE THE NEED TO ADDRESS FINANCIAL MARKETS DEVELOPMENT IN THE REGION Working Group on Financial Markets Development and Impact of Central Banks 17 November 2009 Warsaw,
European Bank for Reconstruction and Development
European Bank for Reconstruction and Development 12 th Annual Syndications and Co-financiers Meeting London 16 th March 2010 Presentations will be posted to http://www.ebrd.com/oppor/syndi/meeting/index.htm
Financing Development through Financial Institutions
Financing Development through Financial Institutions Black Sea Business Day Chisinau 18 June, 2007 Presented by Alkis Drakinos, Principal banker, Financial Institutions Today s presentation Team/Speaker
Financing SME growth A view from the private sector
A view from the private sector Mr. Rainer Münz Erste Group OECD Working Group on Financial Markets Development and Impact of Central Banks Financial Sector Reform in Transition Economies and Policies for
EU Investment Plan for Europe EBRD as a partner in implementation. Zsuzsanna Hargitai, Director, EU Funds Co-Financing & Financial Instruments, EBRD
EU Investment Plan for Europe EBRD as a partner in implementation Zsuzsanna Hargitai, Director, EU Funds Co-Financing & Financial Instruments, EBRD Brussels, 8 February 2017 Some distinctive features of
Andrey Kondakov, new President of the Black Sea Trade and Development Bank (BSTDB) on diplomacy, crisis and new projects
Inverview of Andrey Kondakov, BSTDB President for News Time Russian daily ( translation from Russian) SHAREHOLDERS DEMONSTRATE STRATEGIC VISION Andrey Kondakov, new President of the Black Sea Trade and
EBRD Initiatives and Programs for Power&Energy Sector. Olga Yeriomina, Senior Banker, Power&Energy Utilities
EBRD Initiatives and Programs for Power&Energy Sector Olga Yeriomina, Senior Banker, Power&Energy Utilities Contents I. Overview of EBRD: Mission and Guiding Principles II. EBRD Financing Capabilities
Bahk Byongwon. Board Member, Korea API and Former Senior Economic Advisor to the President of Korea. Tokyo, Japan 11 May 2011
Bahk Byongwon Board Member, Korea API and Former Senior Economic Advisor to the President of Korea Tokyo, Japan 11 May 2011 Contents 1. European Bank for Reconstruction and Development (EBRD) 2. Black
Working with the European Bank for Reconstruction and Development in Cyprus
Working with the European Bank for Reconstruction and Development in Cyprus September 2017 What is the EBRD? An international financial institution, with the mandate to promote transition to modern and
UNION OF MANUFACTURERS AND BUSINESSMEN (EMPLOYERS) OF ARMENIA
UNION OF MANUFACTURERS AND BUSINESSMEN (EMPLOYERS) OF ARMENIA UNION OF MANUFACTURERS AND BUSINESSMEN (EMPLOYERS) OF ARMENIA The UMB(E)A is a not-for-profit non-governmental organization that unites businessmen
Contents. Information online. Information within the Report or another EBRD publication.
Contents The illustration on the cover of this publication was inspired in part by the theme of recovery and sustainable growth, and also by the roof tiles of St Mark s Church in Zagreb, Croatia, the location
Development of Azerbaijan economy: main trends and perspectives. Hakan Ozalpay, Member of the Board Azerbaijan Turkey Businessmen Association
Development of Azerbaijan economy: main trends and perspectives Hakan Ozalpay, Member of the Board Azerbaijan Turkey Businessmen Association The views expressed in this presentation are the views of the
Renewing Ireland's Energy European Investment Bank
Renewing Ireland's Energy European Investment Bank IWEA Autumn Conference 2013 Galway Thursday 3 rd October 08/10/2013 1 The European Investment Bank (EIB) Long-term finance promoting European objectives
Working with the European Bank for Reconstruction and Development. Matti Hyyrynen 15 th March 2018
Working with the European Bank for Reconstruction and Development Matti Hyyrynen 15 th March 2018 EBRD Introduction An international financial institution supporting the development of sustainable well-functioning
Financing concepts for projects on biogas in Ukraine. Jasper Lauert GFA Consulting Group GmbH
Financing concepts for projects on biogas in Ukraine Jasper Lauert GFA Consulting Group GmbH Kyiv, 26.09.2013 Content of the presentation 1. National support mechanisms 2. Specific renewable energy credit
EBRD in Greece February 2016
EBRD in Greece February 2016 The EBRD s investments in 2015 9.4 billion invested through 381 projects 320 million invested through 6 projects in Greece 2 The EBRD s investments in Greece to date Signed
Introduction to IFC &
Introduction to IFC & Prospects for Cooperation Ashgabat, Turkmenistan August 6, 2012 IFC s Structure Owned by 183 member countries IFC is the main driver of private sector development in the World Bank
EBRD Business and Procurement Opportunities Business Outreach Workshop on Procurement Foreign Trade Chamber of B&H
14/04/2016 EBRD Business and Procurement Opportunities Business Outreach Workshop on Procurement Foreign Trade Chamber of B&H Sarajevo, 18 April 2016 Veljko Sikirica Associate Director, Procurement Policy
Global Gateway API. Data Dictionary
Global Gateway API Data Dictionary Albania/ Armenia/ Azerbaijan/ Bosnia & Herzegovina/ Bulgaria/ Belarus/ Croatia/ Estonia/ Georgia/Hong Kong/ Kyrgyzstan/ Kosovo/ Kazakhstan/ Latvia/ Moldova/ Montenegro/
AM005e-X 1 AZERBAIJAN
AM005e-X 1 AZERBAIJAN Dear participants of the Annual Meeting, Ladies and Gentlemen! First of all, I would like to express my gratitude to our Georgian friends and colleagues, as well as the Georgian authorities
Equity Funds Portfolio Update. Data as of June 2012
Equity Funds Portfolio Update Data as of June 2012 Equity Funds at a Glance Equity Funds Portfolio: 142 investments made Russia/CIS EUR 1.17bln committed 46 funds 29 Active 17 Liquidated Average Age of
Oesterreichische Kontrollbank AG - more than an Export Credit Agency
Oesterreichische Kontrollbank AG - more than an Export Credit Agency Ferdinand Schipfer Belgrade, 19 March 2013 appealing business partner Austria strong economy at the heart of Europe many flexible SMEs
Written Statement of China by. CHEN Yulu. Deputy Governor of the People s Bank of China. At the Annual Meeting of the EBRD in Jordan
CHINA AM011e-X 1 Written Statement of China by CHEN Yulu Deputy Governor of the People s Bank of China At the Annual Meeting of the EBRD in Jordan First of all, I would like to extend sincere thanks to
EVN Presentation. EEI Conference London, March 16, 2009
EVN Presentation EEI Conference London, March 16, 2009 EVN s strategy Growth perspectives Financial update and outlook Company profile fact sheet 2007/08 EVN Business areas Countries Employees Revenue
EBRD Mining Investments Invest Mongolia London, June Eric Rasmussen Director Natural Resources
EBRD Mining Investments Invest Mongolia London, June 2018 Eric Rasmussen Director Natural Resources Mining sector importance for the economies of EBRD Countries of Operations (COOs) Countries with high
IGU WOC3 Meetings. Prague, 7 October 2014
IGU WOC3 Meetings Prague, 7 October 2014 Basic Macroeconomic Data Czech Republic 2013 Czech Republic GDP per capita (current US$) 18,861.43 No. inhabitants 10,521,500 Unemployment Rate 7.0% Surface / Area
AES CORPORATION. AES Investor Presentation.
AES CORPORATION AES Investor Presentation August, 12006 Safe Harbor Disclosure Certain statements in the following presentation regarding AES s business operations may constitute forward looking statements.
EBRD Supporting Regional Economies. Venera Vlad Associate Director, MEI
EBRD Supporting Regional Economies Venera Vlad Associate Director, MEI BRD Estonia Latvia Lithuania Russia Public financing institution established in 1991 to foster transition to market economies Owned
EBRD: a finance partner to Small and Medium Enterprises. October 2014
EBRD: a finance partner to Small and Medium Enterprises October 2014 Contents EBRD at a glance The EBRD s Small Business Initiative an integrated approach to SME finance and development Direct Financing
MANAGING RISK IN EMERGING MARKETS OUR CORE BUSINESS FISCAL YEAR 2013
MANAGING RISK IN EMERGING MARKETS OUR CORE BUSINESS FISCAL YEAR 2013 PROVEN TRACK RECORD 2 IFC IN NUMBERS 57 $63.2bn $49.6bn $13.6bn $24.9bn $18.3bn $6.5bn $1bn Years of profitable investments in emerging
TURKISH MARKET: CHALLENGES & OPPORTUNITIES
TURKISH MARKET: CHALLENGES & OPPORTUNITIES Anduvap Servet AKGÜN MD, Statkraft Trading Ltd.,Türkiye Regional Electricity Trading Conference, Tbilisi, November 2012 AGENDA 1 2 3 Trade Drivers - Market and
AIIB S ROLE IN FINANCING ASIA S INFRASTRUCTURE GAP OPPORTUNITIES FOR EUROPEAN CONTRACTORS
AIIB S ROLE IN FINANCING ASIA S INFRASTRUCTURE GAP OPPORTUNITIES FOR EUROPEAN CONTRACTORS Ian Nightingale - AIIB Procurement Advisor WHAT IS THE ASIAN INFRASTRUCTURE INVESTMENT BANK? A new multilateral
FROM BILLIONS TO TRILLIONS:
98023 FROM BILLIONS TO TRILLIONS: MDB Contributions to Financing for Development In 2015, the international community is due to agree on a new set of comprehensive and universal sustainable development
Capital Market Development in Georgia. George Paresishvili CEO Georgian Stock Exchange
Capital Market Development in Georgia George Paresishvili CEO Georgian Stock Exchange GEORGIA AT A GLANCE General Facts Area: 69,700 sq. km Population (2017): 3.7 Mn Life expectancy: 77 years Official
Paving the Way for Public-Private Partnerships in Sub-Saharan Africa Cameroon s Power Sector Example: Kribi 216 MW Gas-fired Power Plant
Paving the Way for Public-Private Partnerships in Sub-Saharan Africa Cameroon s Power Sector Example: Kribi 216 MW Gas-fired Power Plant Alain Ebobisse Chief Investment Officer, IFC Global Infrastructure
Performance of Private Equity Funds in Central and Eastern Europe and the CIS
Performance of Private Equity Funds in Central and Eastern Europe and the CIS Data to 31 December 26 1 EBRD in Private Equity EBRD s portfolio of funds: 15 years of investing in the asset class Investment
Access to Finance for Micro, Small, and Medium-Sized Enterprises in Azerbaijan. A Demand-Side Assessment
Access to Finance for Micro, Small, and Medium-Sized Enterprises in Azerbaijan A Demand-Side Assessment Angela Prigozhina Country Sector Coordinator May, 2015 Agenda Setting the Stage Main Findings of
A few remarks on the case study of Poland
A few remarks on the case study of Jan Krzysztof Bielecki EY Chairman of the Partners Board 3 March 21 Political and economic transition can go hand in hand Contrary to intuition, more political turnover
Southeast Europe is growing economically and the gas market is expected to grow by bcm by 2025 (60%-80% increase)
PUBLIC GAS CORPORATION (DEPA) S.A. Business Opportunities with DEPA December er 2010 Harry Sachinis, Chairman & CEO, DEPA S.A. Business Opportunities with DEPA Southeast Europe is growing economically
Russo-Ukrainian Strategic Gas Bargaining
Russo-Ukrainian Strategic Gas Bargaining Chi Kong Chyong EPRG, University of Cambridge EPRG E&E Seminar - 24 May 2010 Outline 1. Motivation and research questions 2. Main messages 3. Overview Gazprom s
BLACK SEA TRADE AND DEVELOPMENT BANK
OFFERING CIRCULAR BLACK SEA TRADE AND DEVELOPMENT BANK (an international financial institution) EUR 1,000,000,000 Euro Medium Term Note Programme Under this programme (the Programme ) the Black Sea Trade
International Finance Corporation Olaf Schmidt Global Head - Tourism, Retail & Property Manufacturing, Agribusiness & Services Department
International Finance Corporation Olaf Schmidt Global Head - Tourism, Retail & Property Manufacturing, Agribusiness & Services Department Structured Finance Conference November 15, 2012 IFC is a Member
Financial Statements for the Six Months Period Ended 30 June 2013 Together with Auditor s Report
DOCUMENT OF THE BLACK SEA TRADE AND DEVELOPMENT BANK Financial Statements for the Six Months Period Ended 3 June 213 Together with Auditor s Report INDEPENDENT AUDITOR S REPORT TO THE BOARD OF DIRECTORS
BLACK BD Countr
BLACK SEA TRADE AND DEVELOPMENT BANK BD2015 066 BULGARIA Countr ry Strategy 2015 2018 THESSALONIKI June, 2015 BULGARIA COUNTRY STRATEGY TABLE OF CONTENTS TEXT: I. Summary of Recent Developments and Outlook
Preparing Romania for EU Membership: A Commission perspective. Presentation by Martijn Quinn European Commission DG Enlargement
Preparing Romania for EU Membership: A Commission perspective Presentation by Martijn Quinn European Commission DG Enlargement Preparing Romania for EU Membership EU-Romania: a developing relationship
Ministry of Finance of Georgia. Georgia The Outlook. January 2018
Ministry of Finance of Georgia Georgia The Outlook January 2018 Axes of Georgia s Long-Term Growth Strategy The Government of Georgia s long-term strategy seeks sustained and inclusive growth that is based
Borislav Kostadinov, Member of the Management Board Christian Dagrosa, Head of Controlling. Q results
Borislav Kostadinov, Member of the Management Board Christian Dagrosa, Head of Controlling Q3 2018 results Frankfurt am Main, 14 November 2018 ProCredit A unique approach to banking Summary Key figures
EVN - Annual Results 2008/09
EVN - Annual Results 2008/09 Agenda > EVN s strategy > Growth perspectives > Results for 2008/09 2 Company profile fact sheet 2008/09 EVN Business areas Countries Employees Revenue EBITDA EBIT Net results
TIME PROVED PARTNERSHIP
TIME PROVED PARTNERSHIP IIB KEY FACTS AND FIGURES JANUARY, 2019 T H E B A N K M I S S I O N A N D S H A R E H O L D E R S S TAT U S The International investment Bank is a multilateral development institution,
Contracted volumes of Russian gas supplies to Europe
Russia: Change in business model - opportunities and risks for development of gas infrastructure (difficult adaptation to new realities of the European gas market) Prof. Dr. Andrey A. Konoplyanik, Adviser
Poland BEEPS-at-a-Glance
THE WORLD BANK Introduction The EBRD-World Bank Business Environment and Enterprise Performance Survey (BEEPS) is a joint initiative of the European Bank for Reconstruction and Development and the World
European Investment Bank in Armenia Welcome Speech. Mr. Jan Vapaavuori Vice President
European Investment Bank in Armenia Welcome Speech Mr. Jan Vapaavuori Vice President Yerevan 18 November 2016 European Investment Bank 1 European Investment Bank in Armenia Welcome Speech Dr. Piotr Antoni
Czech Republic BEEPS-at-a-Glance
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Introduction The EBRD-World Bank Business Environment and Enterprise Performance Survey
South Eastern Europe BEEPS-at-a-Glance
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Introduction The EBRD-World Bank Business Environment and Enterprise Performance Survey
Macedonia BEEPS-at-a-Glance
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Introduction The EBRD-World Bank Business Environment and Enterprise Performance Survey
EVN Presentation HSBC, Austrian Companies Conference. London, June 16, 2009
EVN Presentation HSBC, Austrian Companies Conference London, June 16, 2009 Agenda > EVN s strategy > Growth perspectives > Results for the 1 st half-year 2008/09 2 Company profile fact sheet 2007/08 EVN
Belarus BEEPS-at-a-Glance
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Introduction The EBRD-World Bank Business Environment and Enterprise Performance Survey (BEEPS) is a joint initiative
IFC Power and Renewables
IFC Power and Renewables Dzenan Malovic Technical Specialist Balkans Renewable Energy Program International Roundtable on Water and Energy Nexus in transboundary basins in SEE Sarajevo, 06. 11. 2013 IFC:
ANNEX. European Union Budget contribution to the NIF Additional commitment for Sector
ANNEX ACTION FICHE FOR NIF 1. IDENTIFICATION Title Total cost Aid method / Management mode DAC-code 41010 Preliminary Remark This Action Fiche concerns an additional 2010 contribution of 25 million to
Digging into the composition of government debt in CESEE: a risk evaluation
Digging into the composition of government debt in CESEE: a risk evaluation 82 nd OeNB East Jour Fixe June 11, 218 Markus Eller Principal Economist Oesterreichische Nationalbank Foreign Research Division
Services Policy Reform and Economic Growth in Transition Economies, Felix Eschenbach & Bernard Hoekman
Services Policy Reform and Economic Growth in Transition Economies, 1990-2004 Felix Eschenbach & Bernard Hoekman Question Asked & Stylized Facts Impact of service sector policy reforms on (differences
EaP SME Flagship Initiative
EaP SME Flagship Initiative SME Panel Vilnius, 26-27 November 2013 Gabriel Blanc, Programme Manager, Economic Development Regional Programmes Neighbourhood East A difficult business environment Transparency
2 nd Danube Financing Dialogue - Challenges and opportunities of financing SME investment projects in the Danube Region
2 nd Danube Financing Dialogue - Challenges and opportunities of financing SME investment projects in the Danube Region Klaus Michal, Senior Account Manager Kommunalkredit Austria AG 24.01.2012 INFRA BANKING
Feasibility study for the Balkan Gas Hub, part of PCI Interim report
Feasibility study for the Balkan Gas Hub, part of PCI 6.25.4 - Interim report 12 June 2018 Brussels Markus Schneider CONTENT I. GENERAL OVERVIEW AND COMMERCIAL SECTION II. TECHNICAL SECTION, FINANCIAL
January 2012 CORPORATE PRESENTATION
January 2012 CORPORATE PRESENTATION COMPANY SNAPSHOT BUSINESS FOCUS CHP, BIOMASS, BIOFUELS, WIND, SOLAR GEOGRAPHY NETWORK OF OFFICES IN EUROPE + AMERICAS EXPERIENCE IN 41 COUNTRIES GLOBALLY SINCE 1994
Caucasus and Central Asia Regional Economic Outlook
Juha Kähkönen International Monetary Fund November 212 Overview Global outlook (CCA) outlook and risks CCA macroeconomic policies CCA structural challenges 2 The global recovery has weakened 6 Global Manufacturing
PRESENTATION ON THE INVESTMENT OPPORTUNITIES IN BOTSWANA. Ms Reitumetse Aphiri Executive Director Investment Promotions 27 th February 2013
PRESENTATION ON THE INVESTMENT OPPORTUNITIES IN BOTSWANA Ms Reitumetse Aphiri Executive Director Investment Promotions 27 th February 2013 Contents 1. Botswana Overview Key Figures Macroeconomic Fundamentals
Supporting downstream projects: the EBRD approach
Supporting downstream projects: the EBRD approach 27 th January 2017 Where we work? Introduction to EBRD Refineries Case studies Operations in 36 countries across central and eastern Europe, central Asia,
Financing availability via IFIs EBRD Energy Community: Western Balkans Gas Infrastructure Workshop
Financing availability via IFIs EBRD Energy Community: Western Balkans Gas Infrastructure Workshop Vienna, 24 May 2018 Natalia Lacorzana 1. Introduction to the EBRD 2. EBRD Natural Resources: Gas Midstream
Investment Plan for Europe
Investment Plan for Europe Giorgio Chiarion Casoni Head of Unit Financing of climate change, infrastructure policies and Euratom European Commission DG Economic and Financial Affairs Luxembourg, 5 March
EDP Renováveis Project Finance with EBRD. November,
EDP Renováveis Project Finance with EBRD November, 2015 www.edpr.com 1 EDPR top quality and diversified portfolio Canada CAD 44.9M Brazil BRL 322.7M Portugal 454.9M France 49.8M Spain 466M Belgium 42.1M
1. Name: Petya Kolcheva, Mrs. 2. Date of Birth: March 4, Nationality: Bulgarian. 4. Education: Degree / Diploma obtained
Sofia 1000, 4 Kuzman Shapkarev Street, tel. (+359 2) 988 30 41; 988 57 09; www.novelaw.eu 1. Name: Petya Kolcheva, Mrs. 2. Date of Birth: March 4, 1964 3. Nationality: n 4. Education: Institution Sofia
BLACK SEA TRADE AND DEVELOPMENT BANK SPECIAL FUNDS BSTDB DONOR SUPPORTED PROGRAMS FOR CO-FINANCING & TECHNICAL ASSISTANCE
BLACK SEA TRADE AND DEVELOPMENT BANK SPECIAL FUNDS BSTDB DONOR SUPPORTED PROGRAMS FOR CO-FINANCING & TECHNICAL ASSISTANCE THESSALONIKI OCTOBER 2010 SPECIAL FUNDS: BSTDB Donor Supported Programs for Co-financing
БОЛЬШЕ, ЧЕМ НЕФТЬ. ПУТЬ КАЗАХСТАНА к росту благосостояния через диверсификацию
БОЛЬШЕ, ЧЕМ НЕФТЬ ПУТЬ КАЗАХСТАНА к росту благосостояния через диверсификацию What this Report is About: Diversification and Development Resource dependence is not a curse Shared Prosperity Kazakhstan
Environment. of Turkey. Esra DOĞAN TULGAN Senior Project Director. Republic of Turkey Prime Ministry Investment Support and Promotion Agency
Investment Environment of Turkey Esra DOĞAN TULGAN Senior Project Director Republic of Turkey Prime Ministry Investment Support and Promotion Agency Agenda Key Figures on Turkey Top Reasons to Invest in
FINANCING THE EU NEIGHBOURHOOD KEY FACTS AND FIGURES FOR THE EASTERN PARTNERSHIP
CES Working Papers Volume VIII, Issue 3 FINANCING THE EU NEIGHBOURHOOD KEY FACTS AND FIGURES FOR THE EASTERN PARTNERSHIP Ioana SANDU * Gabriela DRAGAN ** Abstract: The EU is permanently trying to secure
B U I L D I N G P A R T N E R S H I P S F O R E N E R G Y S E C U R I T Y
"INOGATE Technical Secretariat & Integrated Programme in support of the Baku Initiative and the Eastern Partnership energy objectives" Project B U I L D I N G P A R T N E R S H I P S F O R E N E R G Y
Performance of EBRD Private Equity Funds Portfolio Data to 31 st December EBRD 2011, all rights reserved
Performance of EBRD Private Equity Funds Portfolio Data to 31 st December 2010 0 Portfolio Overview 1 EBRD in Private Equity EBRD s portfolio of funds: over 15 years of investing in the asset class 133
NBR-EIB Conference: Investment in Romania. Overview of EIB Group activities in Romania
NBR-EIB Conference: Investment in Romania Overview of EIB Group activities in Romania Flavia Palanza Director Central and South East Europe Department EIB Operations Directorate Roger Havenith Deputy CEO
Pre-Feasibility Analysis, Project Pipelines and Institutional Support for Debt-for-Environment Swap (DFES) in the Kyrgyz Republic Preliminary Results
Joint Meeting of the EU Water Initiative s EECCA Working Group and the Environmental Finance and Water Networks 29 March 1 April 2005, Chisinau, Moldova Pre-Feasibility Analysis, Project Pipelines and
ECONOMIC MONITOR GEORGIA Issue 8 [updated] June 2018
![ECONOMIC MONITOR GEORGIA Issue 8 [updated] June 2018](/thumbs/85/92879534.jpg "ECONOMIC MONITOR GEORGIA Issue 8 [updated] June 2018")
ECONOMIC MONITOR GEORGIA Issue 8 [updated] June 218 Overview High economic growth of 5.% in 217 and 5.5% in Jan-Apr 218 Demand side: balanced growth based on consumption, investment and net exports Positive
European Bank for Reconstruction and Development
European Bank for Reconstruction and Development A New Role in the Southern and Eastern Mediterranean Region Rudolf Putz Deputy Director, Financial Institutions EBRD European Bank for Reconstruction and
Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development.
Our Expertise IFC blends investment with advice and resource mobilization to help the private sector advance development. 76 IFC ANNUAL REPORT 2016 Where We Work As the largest global development institution
INVESTING WITH EBRD. 1 st of February 2017
INVESTING WITH EBRD 1 st of February 2017 EBRD in support of your business An overview Philip ter Woort and Chris Hartung Contents General Overview EBRD Overview Sectors Overview Equity Business EBRD Products
Financial Statements for the Year Ended 31 December 2013 Together with Auditor s Report
DOCUMENT OF THE BLACK SEA TRADE AND DEVELOPMENT BANK Financial Statements for the Year Ended 213 Together with Auditor s Report INDEPENDENT AUDITOR S REPORT TO THE BOARD OF DIRECTORS AND GOVERNORS OF THE
OMV Petrom Most complex and successful transformation of a state owned company in SEE
OMV Petrom Most complex and successful transformation of a state owned Andreas Matje, CFO OMV Petrom November 2014 Largest group in Romania & South-eastern Europe Privatized in 2004 to OMV AG (Austrian
Introduction to the Green for Growth Fund (GGF)
Investing in Energy Efficiency and Renewable Energy Introduction to the Green for Growth Fund (GGF) Beirut, 22 nd September 2016 Agenda 01 About the GGF 02 Setup of the GGF 03 The GGF Technical Assistance
Albania BEEPS-at-a-Glance
THE WORLD BANK Introduction The EBRD-World Bank Business Environment and Enterprise Performance Survey (BEEPS) is a joint initiative of the European Bank for Reconstruction and Development and the World
Ukraine BEEPS-at-a-Glance
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Introduction The EBRD-World Bank Business Environment and Enterprise Performance Survey (BEEPS) is a joint initiative
Invest in Moldova An insider s perspective. 3 February 2017 EBA MOLDOVA
Invest in Moldova An insider s perspective 3 February 2017 EBA MOLDOVA EBA Moldova >50 Members European companies Moldovan companies exporters, service providers, etc. Member of European Business Organization
FDI in Central, East and Southeast Europe: Recovery amid Stabilising Economic Growth
Wiener Institut für Internationale Wirtschaftsvergleiche The Vienna Institute for International Economic Studies www.wiiw.ac.at wiiw FDI Report 217 FDI in Central, East and Southeast Europe: Recovery amid
A company investing in development. Impact
A company investing in development Impact 2 FINANCE IN MOTION Investing in development What does Finance in Motion do? About Finance in Motion As an investment manager specialised in impact investments,
Performance of EBRD Private Equity Funds Portfolio to 31 st December 2011
Performance of EBRD Private Equity Funds Portfolio to 31 st December 211 Portfolio Overview EBRD in Private Equity EBRD s portfolio of funds: 2 years of investing in the asset class 137 funds 92 fund managers*
AICEP BUSINESS OPPORTUNITIES SEMINAR EBRD Lisbon, 22 nd of November 2012
AICEP BUSINESS OPPORTUNITIES SEMINAR EBRD Lisbon, 22 nd of November 2012 Municipal and Environmental Infrastructure Team Susan Goeransson, Senior Banker European Bank for Reconstruction and Development
Performance of Private Equity Funds in Central and Eastern Europe and the CIS Data to 31 December 2008
Performance of Private Equity Funds in Central and Eastern Europe and the CIS Data to 31 December 2008 1 EBRD in Private Equity EBRD s portfolio of funds: over 15 years of investing in the asset class
ENI Cross Border Cooperation Programme. Black Sea Basin
ENI Cross Border Cooperation Programme Black Sea Basin 2014-2020 Eligible area 2014-2020 8 participating countries: Romania, Bulgaria, Greece, Turkey, Ukraine, (With Black Sea Surrounding territories)