Kant, an industrial city east of the Kyrgyzstan capital that houses an air base and brewery, is getting 7.7 million euros ($9.8 million) in grants and loans from the Swiss government and European Bank for Reconstruction and Development for water and wastewater upgrades.
The European Bank for Reconstruction and Development approved 30 million-euro (38.6 million) financing for small and medium-sized business in Serbia that will be disbursed through the local units of UniCredit SpA.
Turkey’s biggest wind farm, financed with a 135 million-euro ($175 million) loan arranged by the European Bank for Reconstruction and Development, started producing power as the nation seeks to curb fossil-fuel imports.
Delinquent loans in eastern European countries including Hungary, Ukraine, Slovenia and the Balkans are holding back economic recovery and may prevent capital from being spent productively, a study showed.
Slovenia’s credit rating was cut to junk by Moody’s Investors Service, forcing the government to delay its first international bond sale this year, intended to to ease a financing crunch and avoid an international bailout.
Srbijagas JP, Serbia’s state-owned gas monopoly, wants the government to help pay back 120 million euros ($157 million) of debt this year and secure a further 250 million euros to improve its financial liquidity.