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27 December 2012

BRD Predicts EUR 1 Billion Investments In Projects In Ukraine In 2013

The European Bank for Reconstruction and Development predicts EUR 1 billion of its investments in projects in Ukraine in 2013, this includes probable amount of financing in the first half-year EUR 500 million, EBRD Director, Communications Jonathan Charles and EBRD senior advisor Anton Usov have announced at a press conference. 

In his words, EUR 300 million of this sum will be invested in nuclear units' security systems. 
In 2012, the EBRD financed for then EUR 900 million of public and private projects in Ukraine, most of the projects realised in the agro-industrial sector (for EUR 220 million) and in the regional municipal segment. 

The EBRD executives opine, in Ukraine need reformation the system of state supervision over private business, the system of public procurements, price formation in state monopolies, the programme of subsidising economy sectors, the system of taxation, rules and rates of customs duties. 
Charles opines, investors' loyalty depends on many reasons, Ukraine has not just declare reforms but implement them too. 
As Ukrainian News earlier reported, the EBRD invested EUR 1.02 billion in projects in Ukraine in 2011.