European Bank for Reconstruction and Development - EBRD
updated: 15. 04. 2014
European Bank for Reconstruction and Development - EBRD
European Bank for Reconstruction and Development - EBRD (http://www.ebrd.com) was established in 1991. Since its establishment the EBRD have become important financial investor in its region of operations which stretches from central Europe and the Western Balkans to central Asia and SEMED. The EBRD uses the tools of investment to help build open and market economies in 34 countries.
The EBRD´s headquarters are in London.
The EBRD is the largest single investor in the region and mobilises significant foreign direct investment into its countries of operations. It is owned by 64 countries and two intergovernmental institutions (European Union and European Investment Bank). But despite its public sector shareholders, it invests mainly in private enterprises, usually together with commercial partners.
It provides project financing for the financial sector and the real economy, both new ventures and investments in existing companies. It also works with publicly owned companies, to support privatisation, restructuring of state-owned firms and improvement of municipal services. The Bank uses its close relationship with governments in the region to promote policies that will bolster the business environment.
Every EBRD investment must
Help move a country closer to a full market economy: the transition impact
Take risk that supports private investors and does not crowd them out
Apply sound banking principles
Through its investments, the EBRD promotes
Structural and sectoral reforms
Competition, privatisation and entrepreneurship
Stronger financial institutions and legal systems
Infrastructure development needed to support the private sector
Adoption of strong corporate governance, including environmental sensitivity
The EBRD´s objectives are to
Promote transition to market economies by investing mainly in the private sector.
Mobilise significant foreign direct investment.
Support privatisation, restructuring and better municipal services to improve people’s lives.
Encourage environmentally sound and sustainable development.
The EBRD´s Organs
The powers of the EBRD are vested in the Board of Governors to which each member appoints a governor, generally the minister of finance. The Board of Governors delegates most powers to the Board of Directors, which is responsible for the EBRD's strategic direction. The President is elected by the Board of Governors and is the legal representative of the EBRD. Under the guidance of the Board of Directors, the President manages the work of the Bank.
The Slovak Republic and the EBRD
The Slovak Republic has become a member of the EBRD since 1991. The Slovak Republic together with the Czech Republic, Hungary, the Republic of Croatia and Georgia are member of the one Constituency.
Within this Constituency the Director since 1st May 2012 is Mr András Kármán (Hungary) and the Alternate Director is Mrs Klára Krol (the Czech Republic).
The Slovak Republic is represented within the Constituency by the Advisor to the Director, Mr Mário Virčík.
The Governor in the Board of Governors is the Minister of Finance of the Slovak Republic and his Alternate Governor is Governor of the National Bank of Slovakia.
The EBRD´s activities in the Slovak Republic
The EBRD has been operated in the Slovak Republic since 1992. The Bank has been an active participant in the Slovak Republic’s successful transition to a market economy, financing mainly private sector projects across a broad spectrum of economic sectors and it has committed EUR 2 billion.
More information: http://www.ebrd.com/pages/country/slovakrepublic.shtml
In the Slovak Republic, the EBRD has supported the successful privatisation of banks, and its activities now span infrastructure, and the enterprise and financial sectors. In addition, the Bank has recently launched an energy efficiency framework for the Slovak Republic, in order to raise the contribution of renewable sources and safeguard Slovak energy security.
The EBRD Strategy for the Slovak Republic was approved on 13 November 2012.
Donor´s activities of the Slovak Republic at the EBRD
The Slovak Republic – EBRD Technical Cooperation Fund
In accordance with the Government Resolution of the Slovak Republic No. 358 of 13 May 2009 was established “The Slovak Republic – EBRD Technical Cooperation Fund”. The agreement was signed on 3 July 2009 in Bratislava and the Ministry of Finance of the Slovak Republic provided contribution of EUR 6.725 million.
The purpose of the Fund is to finance the provision of advisory services and technical assistance in respect of projects financed, or to be financed, by the EBRD within the framework of the EBRD’s mandate in the Beneficiary Countries.
This tied Fund is assigned for Slovak nationals - individual consultants or firms - registered in the Slovak Republic.
Beneficiary Countries: Albania, Armenia, Azerbaijan, Belarus, Bosnia & Herzegovina, Georgia, Kazakhstan, Kyrgyz Republic, Macedonia, Moldova, Mongolia, Montenegro, Serbia, Tajikistan, Turkey, Turkmenistan, Ukraine, Uzbekistan, Egypt, Jordan, Morocco and Tunisia.
More information about the Slovak Republic – EBRD Technical Cooperation Fund:
European Western Balkans Joint Fund (WBF / EWBJF)
The untied, multi-donor Western Balkans Fund was set up on 7 November 2006 (since 8 December 2009 the European Western Balkans Joint Fund) to mobilise and coordinate donor funding for the region of Western Balkans. The aim of the Fund is to bring additional investment to the Western Balkans to support economic growth and stability, especially by fostering business links across the region and improving critical infrastructure.
Countries supported by the EWBJF are: Albania, Bosnia and Herzegovina, Macedonia, Montenegro, Serbia and Kosovo under UNSCR 1244.
The Slovak Republic joined this EBRD's multi-donor Fund in 2006 and has contributed the amount of EUR700 000. Contributions made to WBF/EWBJF are ODA (Official Development Assistance) eligible. The Slovak consultants and firm can apply for the projects financed from the WBF / EWBJF.
In respect of its very good 3-years functioning, the WBF was transformed into wider structure – European Western Balkans Join Fund (EWBJF) – on 8 December 2009 (in accordance with the conclusion of the Economic and Financial Affairs Council (ECOFIN) of the European Union in May 2008 and January 2009). The EWBJF is managed by the EBRD and the European Investment Bank.
With regard to the Slovak donor´s activities at the EBRD the Ministry of Finance of the Slovak Republic has organised several seminars/workshops for the Slovak consultants / firms / business sector.
On 13 March 2013 was held seminar "Public Procurement in EBRD Projects"
On 26 June 2012 was held seminar “How to do Business with EBRD – EBRD Market for Slovak Consultants”.
On 4 March 2010 was held seminar “How to do Business with EBRD – EBRD Market for Slovak Consultants”.
On 9 December 2008 was held workshop “Enhancing energy efficiency and transition impact in built environment – participation of the Slovak’s consultants and suppliers in the EBRD’s projects”.
On 12 September 2007 was held the seminar “How to do Business with EBRD – Opportunities for the Slovak Private Sector”.
Co-operation with the EBRD – useful information for the Slovak consultants / firms / business sector
· basic information on the EBRD countries of operation and sector´s priorities:
· overview of up-to-date projects / invitation of expression of interest for consultants and consultant´s firms:
· approved and signed projects:
· basic information about the EBRD procurement and procedures:
· EBRD Procurement Policies and Rules (from May 2010):
The Agreement Establishing the EBRD: http://www.ebrd.com/russian/pages/research/publications/institutional/basicdocs.shtml
Annual Reports: http://www.ebrd.com/pages/research/publications/flagships/annual/archive.shtml
Donors and activities: http://www.ebrd.com/pages/about/workwith/donors.shtml
European Bank for Reconstruction and Development
One Exchange Square
London EC2A 2JN
Tel.: 0044 20 7338 6000
Fax: 0044 20 7338 6100
Web site: http://www.ebrd.com
EBRD established its Slovak office in 1993
EBRD Bratislava Office
European Business Centre (2nd Floor)
Suché mýto 1
SK - 811 03 Bratislava
Tel.: 00421 2 5910 1700
Fax: 00421 2 5910 1750
Director: Zdenka Vičarová