OREANDA-NEWS  On 11 June was announced, that EBRD intends to invest EUR 1 bln into Ukraine's economics.

The European Bank for Reconstruction and Development is one of the largest investors into Ukraine. The Prime Minister of Ukraine Yulia Tymoshenko declared during a meeting with EBRD Board of Governors.

The Head of Government informed Ukraine and the EBRD are operating along around 170 projects while the amount of EBRD investments into Ukraine’s economics equals USD 5 billion.

“I wish to express gratitude to the bank being the largest investor in Ukraine,” the Prime Minister emphasized.

According to Yulia Tymoshenko, cooperation with EBRD gives opportunity to finance major directions in industry, reforming of local self-government. The Head of Government emphasized on the significance of projects directed to overcoming the fallouts of Chornobyl catastrophe: “For Ukraine it is a crucial direction and Ukraine praises it”.

Moreover, the Premier added in the crisis period the EBRD hadn’t ceased collaboration with Ukraine but on the contrary – had reinforced it.

In his turn, the Head of the delegation of EBRD Board of Directors Terry Brown underlined: “We wish to be cooperating with you in the crisis period but, what is more significant, we can cooperate in the aftermath also”. He added Ukraine was a key country both in the European and global context and with coordinating actions the parties “will be able to create a stronger and better Ukraine”.

Terry Brown noted this year the EBRD is planning to direct into Ukraine’s economics the investments to the tune of Eur 1 billion. That’s why, as he put it, it is vital to consider a series of key cooperation lines. Terry Brown reminded the Bank had rendered to Ukraine assistance in restructuring of the banking sector and was planning to cooperate with the banks in the future in order to credit Ukrainian economics.

According to the Head of the delegation of EBRD Board of Governors, crucial directions for cooperation appear also energy domain and municipal infrastructure: “We intend to render aid to you in the process of gearing-up to European Football Championship of 2012, in realization of municipal infrastructure projects necessary for this championship to be held”.