Tuesday, December 8, 2009

EBRD invests in Russia in 2009, about $ 4 billion .

The European Bank for Reconstruction and Development is investing in Russia in 2009, about $ 4 billion, said at the conference "Modernization of Russia's economy: the role of development institutions" EBRD President thomas Mirow. According to him, it will be investing not only in the real economy and help existing clients EBRD in the banking sector, but also in new technologies, infrastructure and energy efficiency. "The support of the development institutions will remain as important in the post-crisis recovery" - he stressed. This will require substantial capital investments, and such institutions as the EBRD, will play an important role in accelerating private investment, attracting foreign direct investment. The Bank intends, in cooperation with VEB to promote small and medium-sized enterprises in Russia. Mirow said that the strategy of cooperation with Russia in 2010-2012 years the Bank has expressed willingness to work with the government of Russia to identify those areas that would help the development of the public sector. "We are ready to watch various types of cooperation - such as co-investing with the strategic investors in the majority and minority shares in the capital, pre-privatization investments in public companies that the state intends to privatize, or investments in the IPO for the promotion of a listing on the stock market", - he said . The total investment in capital in Russia by the EBRD now exceeds $ 10 billion

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