Tahmina Amangeldiyeva Biology and handicrafts may appear worlds apart but Tajigul Kurbanova, an enterprising woman from Turkmenistan, seamlessly bridges these seemingly disparate realms. Her journey from biological scientist to leader of a thriving handicraft community is a case in point. Tajigul began to pursue creative work after her tenure in the sciences. It had always […]
Investments, Transport, Energy: Turkmenistan and EBRD Discuss Strategic Partnership
On 3 April 2025, a meeting took place in Samarkand between the President of Turkmenistan, Serdar Berdimuhamedov, and the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso. During their discussions, President Berdimuhamedov emphasized Turkmenistan’s dedication to fostering international partnerships, particularly with leading financial organizations. He highlighted the country’s established and productive […]
EBRD sets an investment record in Central Asia
Anton Usov The European Bank for Reconstruction and Development (EBRD) has set a new operational record in Central Asia by investing €2.26 billion through 121 projects in six regional economies last year – almost doubling its annual investment in Central Asia compared with 2023. It also mobilised €784 million from co-financiers, thus bringing more than […]
The EBRD invested over €333 million in 87 projects in Turkmenistan
The European Bank for Reconstruction and Development (EBRD) plans to develop a new five-year strategy for Turkmenistan, which will pay special attention to the development of the country’s export potential. This was stated by Eric Livni, Head of the EBRD Representative Office in Turkmenistan, in an interview with the Neutral Turkmenistan newspaper. The EBRD, being […]
EBRD forecasts robust economic growth in Central Asia
Anton Usov According to the latest edition of European Bank for Reconstruction and Development’s (EBRD) Regional Economic Prospects report, the short-term regional economic outlook for Central Asia remains positive. Regional growth is set to reach 5.1 per cent in 2024 and accelerate to 5.9 per cent in 2025 on stronger commodity revenues, infrastructure investment and […]
Central Asian economies to record strong growth despite natural disasters in the region
Anton Usov According to the latest Regional Economic Prospects (REP) report published by the European Bank for Reconstruction and Development (EBRD), Central Asian economies in 2024 are expected to see growth slowing to 5.4 per cent. However, a rebound to 5.9 per cent is expected in 2025. The report notes that intermediated trade with Russia, which had […]
EBRD finances construction of news bridge via Amu Darya in Uzbekistan to improve connectivity in Central Asia
The European Bank for Reconstruction and Development (EBRD) is driving improvements to Uzbekistan’s transportation network with a significant investment. The Bank will provide a loan of up to US$238 million (€224 million) to upgrade and expand a vital route in the western Khorezm region, according to EBRD’s press release. The loan will fund the rehabilitation […]
Turkmenistan and EBRD Discuss Cooperation in Energy, Transport, and More
On 14 March 2024, President Serdar Berdimuhamedov met with EBRD’s Vice President for Policy and Partnerships, Mark Bowman. The key topics of the discussion were the prospects for cooperation in the field of energy, green energy, transport, and agriculture. The energy sector was named as a new promising area of cooperation. The commitment of Turkmenistan, […]
European Bank for Reconstruction and Development Ready to Bolster Turkmenistan’s Economic Diversification
Turkmenistan’s Foreign Minister Rashid Meredov met with the European Bank for Reconstruction and Development (EBRD) Vice President Mark Bowman on 14 March 2024. Discussions centered on strengthening Turkmenistan’s investment climate through collaboration. They explored international cooperation opportunities and implementing new joint projects using cutting-edge technologies. The focus areas aligned with the EBRD’s Country Strategy for […]
The Central Asia link
Anton Usov At the Second European Union (EU)-Central Asia Economic Forum at the end of May 2023, the European Bank for Reconstruction and Development (EBRD) presented a study on sustainable transport connections between Central Asia and Europe. Funded by the European Commission, the study identified country-specific needs and measures to reduce transportation costs, increase operational […]
EBRD Supports 22 Projects in Turkmenistan
The EBRD currently has 22 active portfolio projects in Turkmenistan, with a total value of €24 million, including undisbursed commitments. Industry, agrobusiness and commerce make up 100% of the current portfolio. As of 31 December 2023, the EBRD has invested in 87 projects in Turkmenistan. The cumulative Bank’s investment in Turkmenistan is €324 million. The […]
Central Asian SMEs are embracing sustainability – Success Stories from Kyrgyzstan and Turkmenistan
Bilguun Batsukh Known for their picturesque natural beauty and breath-taking mountains, the lands of Central Asia are especially vulnerable to climate change due to their high altitude and dependency on extractive industries. The EBRD and donors invest comprehensively in Green Economy Transformation in Central Asia, from facilitating policy dialogue, developing legislative frameworks, introducing renewable energy […]
EBRD posts strong operational results in Central Asia in 2023
Anton Usov The European Bank for Reconstruction and Development (EBRD) invested more than €1.2 billion (US$ 1.3 billion) in projects across Central Asia in 2023 to stimulate the region’s sustainable and inclusive growth, which is expected to continue at a pace of 5.9 per cent in 2024. Last year the Bank financed more than 100 […]
EBRD launches Youth in Business programme in Central Asia
The European Bank for Reconstruction and Development (EBRD) is addressing the issue of youth entrepreneurship and employment in Central Asia by launching a seven-year €200 million (US$ 218 million) Youth in Business programme. It is designed to provide better access to finance and relevant training to young entrepreneurs in the region, where up to one […]
Economies of Central Asia demonstrate strong growth in the first half of 2023, EBRD says
Central Asian economies posted strong growth in the past year, driven by government spending, China’s reopening and its demand for Central Asian commodities, intermediated trade with, and exports to, Russia, as well as remittances and relocation of companies and individuals from Russia, according to the European Bank for Reconstruction and Development’s (EBRD) latest Regional Economic […]
EBRD report: Anti-Russian sanctions boost Central Asian economies
The countries of Central Asia and the South Caucasus have made impressive progress in developing trade through the intermediary trade of goods from Western countries to Russia. After the introduction of sanctions, the EU’s trade turnover with Russia’s eastern neighbors increased many times, as did their trade with Russia. Trade turnover within the EAEU increased […]
Central Asia remains resilient to geopolitical headwinds – EBRD says
In 2023 Central Asian economies are set to grow by 5.2 per cent on average according to EBRD forecast Further growth of 5.4 per cent is expected in 2024 High interest rates, inflation and commodity prices may affect regional long-term growth The European Bank for Reconstruction and Development (EBRD) is expecting Central Asian economies of Kazakhstan, Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan and Uzbekistan to grow […]
EBRD in Turkmenistan invites businessmen to Export School
The European Bank for Reconstruction and Development invites Turkmen entrepreneurs and enterprises whose activities are aimed at export to participate in the Export School. The Export School is a series of seminars for business leaders and export–responsible staff of companies aimed at improving their knowledge and skills related to export activities, as well as providing […]
EBRD predicts high growth rates of Turkmenistan’s economy
The European Bank for Reconstruction and Development predicts the continuation of strong growth rates in Turkmenistan in the short term, with GDP growth of 6.5% in 2023 and up to 7% in 2024, according to the latest edition of EBRD report on regional economic prospects, published on 16 May. ” The Turkmen authorities continue to […]
EBRD study looks at sustainable transport connections between Europe and Central Asia
nCa Report The EBRD has recently released a report on ‘Sustainable transport connections between Europe and Central Asia.’ It is the product of massive and wide-ranging collaboration including very active cooperation by the regional countries. It is also the result of the hard work of the EBRD teams at various locations. Here is a slightly […]
EBRD Supports 22 Projects in Turkmenistan
The European Bank for Reconstruction and Development (EBRD) currently has 22 active portfolio projects in Turkmenistan, with a total value of €28 million. Industry, agrobusiness and commerce make up 95% or €27 million of the current portfolio, while financial institutions’ share is 5 %. As of 31 July 2023, the EBRD has invested in 87 […]
EBRD analyses trade flows between Russia, Caucasus and Central Asia
By Anton Usov 24 Feb 2023 EBRD economists analyse trade flows between Western countries, Russia and its neighbours Dramatic drop in direct exports to Russia from the West, indirect exports intermediated via Caucasus and Central Asia Some intermediated trade may be used to circumvent sanctions, though its scale is limited Intermediated trade through a number […]
EBRD says Russia’s war on Ukraine has modest impact on Central Asia
Russian war in Ukraine has had a minor influence on Central Asia, with high oil and gas income, a boost in labor, capital, and remittance inflows, as well as benefits from trade with Russia and China. Inflation and debt service expenses still exist, though, says the European Bank for Reconstruction and Development (EBRD) says in […]
EBRD AgVenture competition to foster food and ag-tech innovation
EBRD launches competition to enhance food and ag-tech competitiveness and growth Winning start-ups to receive prizes including mentorships, grants, and networking and visibility opportunities The European Bank for Reconstruction and Development (EBRD) has launched the EBRD AgVenture competition, welcoming submissions from all of the economies where the EBRD invests, in an effort to support innovative […]
The annual meeting of the European Bank for Reconstruction and Development will be held in Uzbekistan
On May 16-18, the 32nd Annual Meeting of the Board of Governors of the European Bank for Reconstruction and Development (EBRD) will be held in Samarkand, under the general main theme – “Investing in Resilience”. The event is expected to be attended by more than 2,000 guests from 73 countries, including representatives of foreign governments, […]
EBRD investments in Uzbekistan reached USD 900 million in 2022
“In 2022 the European Bank for Reconstruction and Development (EBRD) invested almost US$ 900 million (€839 million) in 26 projects in Uzbekistan, making it the leading recipient of its funding in Central Asia for the third year running. Investments were made in sectors ranging from renewable energy to banking,” says a presser by EBRD issued […]
EBRD: Turkmenistan’s external position has strengthened significantly
Elvira Kadyrova Turkmenistan’s external position has strengthened significantly and high gas prices are driving force for growth, says the EBRD’s recent flagship report. According to “Transition Report 2022-23”, country’s real gross domestic product (GDP) grew by 6.2% year on year from January to September 2022 and Turkmenistan’s exports added 50 % in the first half […]
Central Asia remains resilient to global geopolitical tensions
The economies of Central Asia are showing strong resilience to the geopolitical adversities caused by Russia’s war on Ukraine, says the EBRD’s latest report on Regional Economic Prospects. The EBRD is expecting the region’s GDP to grow by 4.3% in 2022 and 4.9% in 2023, which is an upward revision of its spring forecast. The […]
EBRD to mark 30th Anniversary of cooperation with Central Asia
The European Bank for Reconstruction and Development will mark 30 years of engagement in Central Asia on the 8th of July in its London headquarters, says Organization’s press release. The Deputy Prime Ministers of Kazakhstan, Kyrgyz Republic, Tajikistan and Uzbekistan will discuss business opportunities in each country. The event will also feature EBRD President Odile […]
EBRD Training for Women Entrepreneurs “Executive Leadership”
The European Bank for Reconstruction and Development (EBRD) is inviting executives and business owners, as well as senior and middle managers, to participate in an online training on improving the skills of influence for women leaders as part of the Women in Business – Executive Leadership initiative. Constantly changing modern conditions require new approaches to management. The […]
EBRD Know-How Academy launched a new training module for SMEs
The EBRD’s “Know-How Academy” platform has launched a new online interactive training for private business support “Go digital for Your Business”. You need to log in to the Know How Academy account to access the interactive training module. This training will help to learn how digital services and applications can make your company more efficient, […]
EBRD Turkmenistan vacancy for Associate Banker
EBRD Turkmenistan has announced a vacancy for Associate Banker. Here are the complete details: Posting Date: 31-Jan-2022 Location: Ashgabat, TM Company: EBRD Requisition ID: 26044 Office Country: Turkmenistan Office City: Ashgabat Division: Central Asia Dept. / Bus. Group: Central Asia Business Unit: Ashgabat (Turkmenistan) Contract Type: Regular Contract Length: Posting End Date: 14/02/2022 The Associate […]
EBRD-supported seminar for greenhouse farmers in Turkmenistan
Elvira Kadyrova The European Bank for Reconstruction and Development (EBRD) invites representatives of greenhouse farms to the online seminar “Promotion of greenhouse technologies in Turkmenistan”, to be held on 31 May. The event will focus on best practices and innovations in the field of vegetables and berries cultivation in greenhouses. The conference will also provide […]
EBRD offers online training on Digital Marketing and Sales
The European Bank for Reconstruction and Development announces the online training “Digital Marketing and Sales”, which will take place on 01-04 March 2021 and 24-27 March 2021. It is no longer a secret to anyone that business development in the modern world is unthinkable without information technology. Any business needs a steady growth in sales. […]
EBRD workshop on “Diagnosing the Condition of Your Business as a Tool for Company Growth”
The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union, is announcing an intensive online workshop “Diagnosing the Condition of Your Business as a Tool for Company Growth” on November 9, 11, 13, 2020 . This training course is intended for business leaders and small and medium-sized business owners. The online […]
The EBRD Know How Academy
The European Bank for Reconstruction and Development has launched the Learn How … During Crisis Program, an interactive learning and consultation center designed to help micro, small and medium-sized enterprises (MSMEs) cope with the challenges of COVID 19 and other crisis situations. WELCOME TO THE KNOW-HOW ACADEMY The EBRD has partnered with Crown Agents to […]
EBRD: Online training for women entrepreneurs
The European Bank for Reconstruction and Development, in cooperation with the European Union, announces the online training for women entrepreneurs “Digital Marketing and Sales,” which will take place on September 14-16 and September 21-23, 2020. It is no longer a secret to anyone that business development in the modern world is unthinkable without information technology. […]
EBRD adds another free training module for entrepreneurs
The Know-How free training platform of the EBRD Academy of has introduced another module for the entrepreneurs. This is in response to the new and emerging challenges arising from the consequences of the global pandemic. Here are some details: Module 3 of the Know How to…in a Crisis Programme Crisis Management: Financing your business In […]
Launch of second module on EBRD online learning resource “Academy of know-how”
MODULE 2 CRISIS MANAGEMENT – FINANCIAL MANAGEMENT ESSENTIALS OVERVIEW This is the second module in the Know How to in a Crisis Programme, building on the first module, Managing your Clients and Suppliers in a Crisis. The aim of this module is to develop essential financial skills and knowledge specifically tailored to helping small businesses […]
EBRD and Coronavirus Pandemic: Response and Recovery
The EBRD is stepping up support for the economies where it invests in the face of the coronavirus pandemic and now stands ready to provide support worth €21 billion over the 2020-21 period. The Bank has approved a comprehensive set of response and recovery measures including the following five components: Resilience Framework The EBRD is […]
Eurozone crisis impact spreads further east
EBRD softens forecasts further as Russia revised down The negative impact of the eurozone crisis on emerging Europe is spreading further east as lower global demand is feeding through to lower commodity prices and generally lower risk appetite. These are now having a negative impact, particularly on Russia, according to the EBRD’s latest economic outlook. […]
EBRD supports small business development in Tajikistan
Accessbank joins EBRD’s Local Currency Lending Programme The EBRD is stepping up its support for the financial sector in Tajikistan with a US$ 6 million equivalent multi-currency facility to Accessbank to provide more affordable loans to small businesses in the Tajik currency, the somoni. Accessbank is the second financial institution in Tajikistan to join the […]
EBRD investments reach record high in first half of 2011
Bank concludes 161 projects, investing €3.5 billion The EBRD financed 161 projects in the first six months of 2011, a record number for the first half of any year in the Bank’s 20-year history and a clear indication of the strong demand for EBRD funding throughout the 29-country region where it invests. Watch the interview […]
Life satisfaction in eastern Europe resilient despite crisis
Major new EBRD report reveals human cost of economic downturn The people of eastern Europe have shown remarkable resilience in the face of huge personal sacrifices caused by the global economic crisis and remained broadly committed to democracy and the free market despite severe hardships, a major new report shows. The Life in Transition Survey […]
Уровень удовлетворенности жизнью в Восточной Европе не изменился, несмотря на кризис
В новом отчете ЕБРР описаны гуманитарные последствия экономического спада Согласно отчету «Жизнь во время экономического перехода», жители Восточной Европы на удивление стойко пережили сложности, вызванные глобальным экономическим кризисом. Несмотря на все трудности, они сохранили приверженность принципам демократии и свободного рынка. В ходе исследования, проведенного Европейским банком реконструкции и развития (ЕБРР) совместно со Всемирным банком […]