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29-01-2010 13:37 EBRD's assistance favoring modernization of Ukrainian economy
The assistance being provided by the European Bank for Reconstruction and Development (EBRD) to Ukraine bolsters the economic growth, reform and modernization of the country's most important economic branches - energy and energy saving, transport and communications, and municipal infrastructure.
Ukrainian Vice-Premier for European and International Integration Hryhoriy Nemyria said this at a meeting with EBRD President Thomas Mirow at the World Economic Forum in Davos, Switzerland, according to the vice-premier's press service. "The Ukrainian government highly appreciates a constructive cooperation between Ukraine and the EBRD. Financial assistance from the bank is marked by reliability, a clear goal orientation and favorable loan provision conditions," he said. EBRD Director for Ukraine Andre Kuusvek said earlier that the bank's strategy for 2010 did not foresee a reduction in the number of loans for Ukraine. The volume of business operations conducted on the EBRD's projects as of late 2009 totaled EUR 4.8 billion. Three fourths of these funds were transferred to the country's private sector.
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