14:29 Reduced inflation in the EDB countries contributes to economic growth
12:31 Changes in EDB Management Board
18:27 EDB provides a RUB 1.95 billion loan facility for the Gulkevichski Starch Factory
15:41 EDB and the IIB open a RUB 8.15 billion loan facility for Nord Hydro – Belyi Porog to construct small hydropower plants in Karelia
13:40 New Development Bank and Eurasian Development Bank Sign Memorandum of Understanding to Establish Framework for Cooperation
EDB provides a US $90 million loan facility to the Industrial Metallurgical Holding
Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
Read more at http://eabr.org/
The Industrial Metallurgical Holding is a Russian vertically integrated metallurgical company manufacturing commercial iron, producing and processing metallurgical coal and iron ore, and engaged in foundry and powder metallurgy. IMH is the world’s largest exporter of commercial iron and Russia’s top supplier of coke. The group’s key production assets are located in Kemerovo, Belgorod, Tula and Kaluga Regions of Russia.
KMAruda is part of IMH’s ore and iron division. It pioneered the development of the world’s largest iron ore basin, the Kursk Magnetic Anomaly. The company was founded in 1953 and is located in Russia’s Central Black Earth Region. It extracts banded iron formations from the Korobki deposit and produces high-quality iron ore concentrate. Tulachermet has been its permanent buyer since 2006.
EDB Media Centre:
+7 (727) 244 05 45 ext. 6147 (Almaty)
+7 (495) 645 04 45 ext. 2724 (Moscow)
29 December, 2016