Friday, 31st October 2025

EBRD Invests €151 Million to Boost North Macedonia’s Green Economy

The European Bank for Reconstruction and Development (EBRD) commits €151 million to sustainable projects in North Macedonia, focusing on green energy, infrastructure, and local business development

In 2024, the European Bank for Reconstruction and Development (EBRD) invested €151 million into 13 key projects in North Macedonia, driving the country’s economic and environmental transformation.

Of this, €70 million was earmarked for green initiatives, championing energy efficiency, renewable energy, and decarbonisation.

Highlighting the bank’s impact, Fatih Turkmenoglu, EBRD’s Country Head, celebrated the strides made in strengthening infrastructure and fostering business opportunities that keep young talent within the country.

Notable projects include a €98.6 million loan to NOMAGAS for a gas interconnection pipeline with Greece and a €24.6 million loan to MEPSO for energy grid upgrades.

In total, EBRD’s €1.6 billion investment in the Western Balkans is evidence of its robust commitment to green and gender-inclusive projects, with North Macedonia continuing to reap the benefits of this long-term partnership.

Since operations began, the EBRD has invested over €2.9 billion in 197 projects, ensuring a sustainable future for the country’s people and economy.

Have a news tip or story to share? Email us at info@connectingregion.com

The Minister Who Isn’t Human

When an Avatar Joins the Cabinet, Politics and Algorithms Collide In a world still debating AI’s limits, Albania simply acted...

Over 250 Workers Jobless After Kentaur Shuts Down Factory in Vranje

The Danish-owned company Kentaur Balkans has abruptly closed its factory in Vranje, Serbia, leaving around 250 workers without jobs....

Vučić Says Serbia Can Buy Russian Stake in NIS, but Moscow Prefers Third-Party Sale

The offer was made during a recent meeting with Alexander Dyukov, Chairman of the Board at Gazprom Neft, and...

Ferrari and Maserati Enter the Electric Vehicle Market

Ferrari unveiled its first fully electric car, the Elettrica, boasting over 1,000 hp, four in-house-developed electric motors, a 0-100...

Zuckerberg Predicts Mobile Phones Will Disappear by 2030

TThis is inevitable as new technologies like augmented reality (AR) glasses and virtual reality (VR) devices reshape how people...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities