The European Bank for Reconstruction and Development (EBRD) saw its investments in Ukraine fall by 26.2% to €812mn in 34 projects in 2020 compared to 2019, when the Bank invested €1.1bn into 51 projects, the EBRD said in a press release on January 21.
"In terms of annual investment, Ukraine ranked third among the Bank's countries of operation after Turkey and Egypt," the EBRD said in a press release.
Previously Ukraine had become the Bank’s biggest market of operation after it suspended its operations in Russia thanks to a board of director’s decision in response to the annexation of Crimea in 2014.
The EBRD’s new investments included support for projects to improve corporate governance (as a pilot transformation programme for Ukravtodor), as well as a project for transforming Ukrposhta, improving transport infrastructure in Ukrainian cities, introducing energy-efficient technologies in heavy industry etc., reported Interfax Ukraine.
Related Articles
South Africa probes locally made LightWare components found in Russian drones used in Ukraine
South African authorities have launched an investigation after electronic components manufactured domestically were discovered in Russian drones used in the war in Ukraine, officials confirmed this ... more
Ukraine to fully refinance foreign currency bonds for first time in 2025
Ukraine’s Ministry of Finance will fully refinance the repayment of foreign currency government bonds for the first time this year to meet increased defence spending needs, reported Ukraine ... more
Poland’s BGK to begin operations in Ukraine under new cooperation deal
Polish state development bank BGK will launch operations in Ukraine following the signing of a cooperation agreement between the two countries’ economic ministries, reported Ukraine Business News. ... ... more