EBRD unveils €2 billion resilience package in response to the war on Ukraine
The European Bank for Reconstruction and Development (EBRD) has announced an initial €2 billion resilience package of measures to help citizens, companies and countries affected by the war on Ukraine. The Bank has also pledged to do all it can to hel
Finance ministers and central bank governors of the United States, Japan, Canada, Britain, Germany, France and Italy – the G7 – are holding talks as Ukraine, invaded by Russia on 24 February, is struggling to fend off the attack and is running out of cash.
The EBRD is boosting food security in wartime Ukraine by issuing risk-sharing instruments to selected local banks and a leasing company that will back more than half the credit risk of newly originated financing provided by them up to a total value of €53.25 million. The share of risk the EBRD takes on with ProCredit Bank, OTP Bank Ukraine and OTP Leasing comes to €30 million.
The Credit Thing - a neobank, e-money account and credit card, a challenger in the UK credit market. The startup has 20,000+ customers, well-known Monobank co-founders in the board, mind blowing growth, 4x conversion rate after rebranding in 2021 with a total investment amount £4.8M.
Miratech Group, a next-generation digital engineering and consulting services company, announced a minority stake equity investment from Horizon Capital, a US-domiciled private equity firm, investing in fast-growing niche leaders in Emerging Europe. Dragon Capital acted as Miratech’s exclusive financial advisor in this transaction.
The European Bank for Reconstruction and Development (EBRD) is substantially increasing its trade finance offer for Ukraine to support both general trade and food security as the country grapples with keeping its economy working following its invasion by Russia.
More than 3 million of Ukrainians have become refugees, many of them lost their homes forever. The majority of the migrants and victims live in unsatisfactory and unfavorable conditions.
Since Putin's barbaric military invasion of Ukraine, 380 foreign companies have announced their withdrawal from Russia, although some have feared and continue to operate in Russia.
The Bank of Russia has approved a bill from the Ministry of Economic Development of the Russian Federation on the external management and nationalization of companies and banks that are leaving the Russian Federation because of the aggressor's war against Ukraine.
Information in Ukrainian on the Law is available at http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_2?id=&pf3516=7108&skl=10.
During 2022, the Group will continue the environmental modernisation of its facilities. A key project is the reconstruction of the dedusting systems in Azovstal’s basic oxygen furnace shop. The new dedusting systems are due to be commissioned in phases during the period 2022-23. It is expected to be the largest environmental project in the Group's history, with investments exceeding US$180 million.
Investohills Helianthus Investment Fund founded by Emso Asset Management Limited (USA, UK) and APartners Capital Investment Management Limited (Italy, Malta) international groups made a deal with Investohills Vesta Financial Company to buy out the company’s portfolio of distressed assets that its Ukrainian investors bought from the Deposit Guarantee Fund in 2018-2020.
HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, today announced the acquisition of Apostera, a Germany-based automotive technology company.