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ARKA News Agency, Armenia
March 10 2006
4.3 BILLION EUROS INVESTED BY EBRD IN 2005
YEREVAN, March 10. /ARKA/. European Bank for Reconstruction and
Development invested 4.3 billion euros in 2005under under 151
projects made, the EBRD press service told ARKA News Agency.
According to the press service, this amount exceeds the bank's
previous investments and targets 27 South-Eastern Europe, Caucasus
and Central Asia countries as well as Russia.
The press release says 2.46bln euros or 58% of total amount of
investments are sent to transition-economy countries (in 2004
1.93bln), 1.12bln euros or 26% were given to Russia (1.24bln euros in
2004) and 699mln euros or 16% to successfully developing transition
countries (in 2004 964mln euros).
The EBRD investments are focused on encouraging market economy in the
region where the bank runs its activity. 85% of the bank's new
projects were qualified in 2005 as having good and excellent
potential impact, the press release says.
The EBRD attracted 2.6bln euros from commercial banks export credit
organizations and other international financial institutions as
co-financing. Donors gave 75mln euros for preparation and
implementation of projects. The money was also given for
strengthening investment environment.
The EBRD works in 60 countries and 2 non-governmental organizations.
Its activity is focused on promotion of transfer from central
planning to market economy in Eastern and Central Europe and CIS
countries.
Armenia with its share of 10mln euros became EBRD member in 1992.
The bank allocated 39.3mln euros for 24 programs implementation in
Armenia. M.V. -0---
March 10 2006
4.3 BILLION EUROS INVESTED BY EBRD IN 2005
YEREVAN, March 10. /ARKA/. European Bank for Reconstruction and
Development invested 4.3 billion euros in 2005under under 151
projects made, the EBRD press service told ARKA News Agency.
According to the press service, this amount exceeds the bank's
previous investments and targets 27 South-Eastern Europe, Caucasus
and Central Asia countries as well as Russia.
The press release says 2.46bln euros or 58% of total amount of
investments are sent to transition-economy countries (in 2004
1.93bln), 1.12bln euros or 26% were given to Russia (1.24bln euros in
2004) and 699mln euros or 16% to successfully developing transition
countries (in 2004 964mln euros).
The EBRD investments are focused on encouraging market economy in the
region where the bank runs its activity. 85% of the bank's new
projects were qualified in 2005 as having good and excellent
potential impact, the press release says.
The EBRD attracted 2.6bln euros from commercial banks export credit
organizations and other international financial institutions as
co-financing. Donors gave 75mln euros for preparation and
implementation of projects. The money was also given for
strengthening investment environment.
The EBRD works in 60 countries and 2 non-governmental organizations.
Its activity is focused on promotion of transfer from central
planning to market economy in Eastern and Central Europe and CIS
countries.
Armenia with its share of 10mln euros became EBRD member in 1992.
The bank allocated 39.3mln euros for 24 programs implementation in
Armenia. M.V. -0---