Türkiye

The European Investment Bank’s global arm, EIB Global, is joining forces for the first time with Armenian bank Evocabank to improve access to finance for micro-, small- and medium-sized enterprises (MSMEs) in Armenia. EIB Global is lending Evocabank €12 million.

The European Investment Bank’s global arm, EIB Global, is lending Armenia-based Acba bank €55 million to expand financing for micro, small and medium-sized enterprises (MSMEs) and mid-caps in the country. The transaction is EIB Global’s first direct credit line to a commercial bank in Armenia.

The European Investment Bank (EIB) completed a 10-month assignment helping Azerbaijan improve railway safety and reliability. The EIB’s advisory support, the first one completed under the Facility for Eastern Partnership Investment in Connectivity (EPIC), resulted in recommendations that will guide Azerbaijan Railways in a project to improve operational safety while reducing travels times, costs and greenhouse gas emissions.