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EBRD Intends to Invest € 1 Billion in Ukraine in 2017

EBRD Intends to Invest € 1 Billion in Ukraine in 2017

Şevki Acuner, Director of the European Bank for Reconstruction and Development (EBRD) for Ukraine, hopes that the bank will expand its investments in projects in Ukraine up to EUR 1 billion this year.

“Over the previous two years, we invested EUR 2.2 billion in total, which is about EUR 1 billion per year, so I expect that this year we will achieve the same level of investment,” said the Director in his interview with Interfax-Ukraine Agency.

Mr. Acuner reminded that, in 2016, EBRD’s total investment in Ukraine came up to nearly EUR 600 million, which was caused by Ukraine’s political instability in early 2016.

According to the EBRD Director for Ukraine, the Bank has ambitious investment plans for 2017. In his opinion, the security situation in Donbas will not influence the investment volumes. Thus, he informed that the EBRD intended to invest in subway construction in Kharkiv, development of Ukrainian power lines and energy industry, as well as to finance a number of port industry related projects in Ukraine.

Source: eurointegration.com.ua

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