RUSSIA: EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT - TO MOVE FUNDING EAST.

From: IPR Strategic Business Information Database | Date: May 14, 2006 | Copyright information

In the course of drawing up its five-year plan, last week, the board of the European Bank for Reconstruction and Development (EBRD) has unanimously decided to cease funding activities in Baltic and Central European countries after 2010, and turn its focus to Russia, southeastern Europe, the Caucasus and Central Asia. Alexandre Garese, Attorney at Law, who specializes in the CIS economy and trade, called the EBRD[sup.3]s decision, a pivotal step in pushing the region[sup.3]s economi...

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