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Western Balkans GEFF III - Union Bank
Details
Location:Albania
Status:Approval
Sectors:Energy, Financial Services & Audit
Languages:English
Contracting authority: Union Bank of Albania
Description
Western Balkans GEFF III - Union Bank Location: Albania Project number: 54323 Business sector: Financial institutions Notice type: Private Environmental category: FI Approval date: 27 Jun 2023 Status: Approved PSD disclosed: 30 Jun 2023 Project Descriptio
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tender Background
About the Funding Agency
EBRD - European Bank for Reconstruction and Development - is a multilateral development bank, using investment as a tool to help build market economies. Initially focused on the countries of the former Eastern Bloc (former European Communist Countries), it expanded its support to development in the democracies of 30 countries from central Europe to central Asia. EBRD invests mainly in private enterprises.
EBRD is not to be confused with the European Investment Bank (EIB), which is owned by EU member states and is used to support EU policy.
About the Sectors
Energy
Involves the production, transformation, transportation, and distribution of energy from renewable and non-renewable sources.
Key areas:
- Renewable and non-renewable energy production
- Energy infrastructure and distribution systems
- Power generation and energy supply solutions
Financial Services & Audit
Covers financial, banking, insurance, investment, and audit services related to the management, transfer, and oversight of financial resources.
Key areas:
- Financial services, banking, and insurance
- Accounting, auditing, and financial reporting
- Investment, capital markets, and financial inclusion