EBRD to invest 300 million euros in development of Ukrainian roads

Zelensky and Pilloux discussed the development of regional roads in Mariupol
08:42, 30 October 2019

Open source

European Bank for Reconstruction and Development (EBRD) will allocate 300 million euros for the development of Ukrainian regional roads. This was announced after the meeting between President of Ukraine Volodymyr Zelensky and EBRD Vice President Alain Pilloux at the RE: THINK Investment Forum. Invest in Ukraine, which takes place in Mariupol. It was reported by the press service of the Office of the President.

It is also noted that EBRD's investments in Ukraine during the current year comes to 1 billion euros, which is a record figure over the last 5 years. Zelensky thanked the EBRD for its cooperation and steps aimed at the developing of the Ukrainian economy.

Related: Decision on PrivatBank complicates cooperation with IMF and EBRD, - National Bank

"The parties discussed the conditions for maintaining a high level of investment in Ukraine and agreed that investors would come in case of stability, predictability, and the IMF program would add investment confidence," the President's Office stated.

As we reported earlier, during the briefing at the Investment ForumPresident of Ukraine Volodymyr Zelensky stated that he did not intend to return nationalized banks to their former owners.

"About 100 banks were withdrawn from the market, including Delta Bank, Nadra Bank, Finance and Credit Bank, PrivatBank was nationalized. In each of these cases, I will protect only the interests of the state of Ukraine, the interests of every Ukrainian. All these problems should not be solved at the expense of taxpayers," the president said.

Related: EBRD to continue cooperation with Ukraine regardless of parliamentary campaign, - Ukraine's Vice PM

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