EBRD newsletter - Friday 30 April EBRD “baby” UiPath smashes Wall Street The Romanian software company UiPath broke records this week with the most successful listing on the New York Stock since Spotify, according to the Economist. UiPath managed to raise $1.3bn in an initial public offering. This valued it at around $30bn. When first plans for the company were made in a living room in Bucharest in 2015 and the founders needed capital the EBRD stood ready to offer its support through the Earlybird Digital East Fund. As the world commemorated the 35
th anniversary of the Chernobyl nuclear accident this week, a new EBRD-managed decommissioning fund held its first assembly meeting. EBRD President Odile Renaud-Basso and Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA) opened the meeting of the International Chernobyl Co-Operation Account (ICCA) assembly with a joint declaration pledging continued support for the decommissioning of th
Covid-19 crisis threatens 250.000 workers jobs in Bosnia and Herzegovina
Covid-19 crisis threatens 250.000 workers jobs in Bosnia and Herzegovina
Joint ILO/EBRD study identifies 14 particularly vulnerable sectors
Report develops five policy recommendations The coronavirus pandemic is taking a heavy toll on Bosnia and Herzegovina. “245,000 workers are at immediate risk because of the characteristics of their jobs”, according to a new joint study by the International Labour Organization (ILO) and the European Bank for Reconstruction and Development (EBRD) published today. This equals almost 20 per cent of the workforce as at the end of 2020. The ILO warns globally about the risk of an emerging “lockdown generation”.
Additional €20 million in EU grants for Corridor Vc in BiH
Funds to complement previously extended
€80 million EBRD loan
€145 million The construction of Corridor Vc, the key infrastructure project the European Bank for Reconstruction and Development (EBRD) supports in Bosnia and Herzegovina, is progressing with new financing from the European Union (EU). A new €20.7 million grant provided by the EU will support the completion of the construction works on two sections: Buna-Pocitelj and tunnel Zenica-Donja Gracanica. Of the total amount, €15.5 million is an investment grant and will finance construction works, while the balance will finance technical assistance. In addition to building modern transport infrastructure the project also contributes to improving the road safety in the country by achieving three-star safety standard by the International Road Assessment Program - one of the first projects in the region to receive it. The project also enhances the sust