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EBRD plans to invest 7 billion euros in Central and Eastern Europe
Nina Kolyako, BC, Riga, 20.11.2008.
Print version
Print versionThe European Bank for Reconstruction and Development plans to invest a record 7 billion euros (8.8 billion dollars) in Central and Eastern Europe in 2009 to help the region weather a global economic slump.
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The bank increased its earlier spending plan for 2009 by more than 1 billion euros, or almost 20%, the London- based lender said in an e-mailed statement today, reports LETA/BLOOMBERG.
The EBRD was created in 1991 to invest in former communist countries from the Balkans to Asia to help them to transform their economies.
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