In 2011, the EBRD made the second largest contribution since the start of its operations in Ukraine in 1993. The bank signed 41 new deals worth 1.02 billion euro [$1.3 billion], reads the release.
As reported, the EBRD in 2010 reduced investment in Ukraine compared to 2009 by over 13 percent: 592 million euro was contributed in 28 projects.
Earlier the EBRD leadership declared that the bank is ready to invest around 1 billion euro every year in Ukraine until 2014 inclusively. In late 2011, Andre Kuusvek, the Ukraine Country Director of EBRD, said that the number of projects with the participation of foreign investors and the EBRD could decrease in Ukraine in 2012 due to the fall of interest to the country.