The European Bank for reconstruction and development (EBRD) intends to continue investing in Ukraine, while the country will carry out reforms, said the President of the Bank Suma Chakrabarti.
“Over the last two years Ukraine was our second largest market at € 1.2 billion in 2014 and EUR 1.1 billion in 2015”, – said the head of EBRD, participated in the opening of Bank’s representative office in Tokyo, reports RIA “Novosti”.
“So this is a huge investment in Ukraine in expectation of more reform, to invest more and ensure the continuation of reforms in Ukraine”, – said Chakrabarti. According to him, the EBRD takes into account the risks and benefits for each country, but the real question investments will continue, “while Ukraine continues to reform”.
23 October 2015 Ukraine and the EBRD signed an agreement on the allocation of Kiev of $ 300 million for the purchase of gas on the Western border.
According to the Bank, the leader among the recipients of funding from the EBRD in 2015 was Turkey: 1.9 billion euros against 1.4 billion euros a year earlier. Ukraine ranked in this list the second place, securing their investment of approximately 1 billion euros. The Bank also noted investment growth in the countries of Central Asia and in southern and Eastern Mediterranean.
A significant increase in investments was marked in Kazakhstan with 576 million Euro in 2014 to 708 million euros in 2015 and in Poland, where investment rose from 593 million to 647 million euros. Last year was the first time that the Bank invested capital in Greece, by investing 250 million euros in four systemically important Bank in the country.
The European Bank for reconstruction and development was established in 1991. EBRD shareholders are 64 countries, the European Union and the European investment Bank. The Bank operates in more than 30 countries – from Central and Eastern Europe to Central Asia and the southern and Eastern Mediterranean.