Region - SE Europe & Balkans
Turkish wind farm gets German backing
Bayern LB has agreed a €39.125mn export loan to wind turbine developer Nordex to develop Turkish wind farm Zeytineli.
Turkish importer gets JBIC backing
Turkish industrial importer and retailer Enka Pazarlama has signed a ¥15bn loan with the help of Asian banks and export credit agencies to purchase and export construction machinery from Japan.
Ukrainian SME gets international support
Ukrainian Confectionery company ZhL has won a five-year buyer’s credit export finance deal from Rabobank.
Denizbank taps EBRD funds
The EBRD has agreed a €40mn credit line to Turkey’s Denizbank to on-lend to local small and medium-sized enterprises in the agribusiness sector.
Macedonia wins landmark facility
Citibank and Deutsche Bank have signed a €130mn five-year term loan facility with the Republic of Macedonia – the county’s first ever international loan.
Agreement seals German-Russian trade
DZ Bank and Sberbank have signed a €3bn loan agreement to finance import contracts between Sberbank clients and European producers.
Europe "must expand international trade"
Despite the dismal economic climate, European trade is set to grow 77% by 2025.
KfW Ipex-Bank backs Croatian wind farm
KfW Ipex-Bank has agreed a €35mn 12.5-year bilateral loan with Wpd Europe for the construction of the Ponikve wind park in Dubrovnik, Croatia.
The big leap to the top: Turkey
Turkish banks are being forced to look for other forms of funding to help the country’s difficult shift to investment grade. Michael Turner reports on where the biggest challenges lie.
Rising out of the ashes: Greece
Greek tobacco continues to attract international bank financing, despite the negative headlines surrounding the deteriorating Greek economy, writes Rebecca Spong.
EBRD says emerging Europe growth in mire
The EBRD has negatively revised its growth forecasts for emerging Europe but the CIS is still promising strong economic prospects.
Supply chain growth prospects slow
The number of European banks that believe supply chain finance growth prospects remain strong has dropped since 2010, according to a new report.
Siemens wins Danish support
Siemens wind power has received an €822mn debt financing facility from a group of international banks to finance an offshore wind farm off the coast of North Germany.
Yapi Kredi continues show of Turkish strength
Turkey’s Yapi Kredi has managed to pull in the equivalent of US$1.2bn in its annual syndicated loan with slightly more favourable terms compared to last year’s pre-eurozone crisis deal.
Chadbourne opens doors in Istanbul
Law firm Chadbourne and Parke has set up in Istanbul to expand its presence in emerging markets.
The branch will focus on project and corporate finance, among other things.
The new office will be headed up by...
