The Bank's investments in 2009 will increase to €7 billion. The EBRD has developed crisis response packages and so far 20 such projects worth €800 million have been approved or are under consideration to stimulate businesses affected by the crisis.
EBRD Board adopts crisis response package

Key projects:
Bank of Georgia to receive EBRD and IFC support
EBRD supports Romanian small businesses with loan to Banca Transilvania
EBRD initial $7 million loan for Russia’s UralTransBank (UTB)
EBRD Trade Facilitation Programme supports Russia’s Transcapitalbank
EBRD lends $75 million to Raiffeisen Bank Aval

EBRD in the news:
Helping Small Firms Is Key to Recovery (Business Week, 7 January)

Joint finance of €45.5 million will fill the private sector’s gap in modernising Moldova’s international airport. The modernisation will bring Chisinau International Airport up to international safety and environmental standards.

Press release
EBRD and Moldova

The EBRD and IFC are investing in the construction of the largest wind farm in eastern Europe. Bulgaria will receive €198 million to construct a wind farm that will help the country promote clean energy and reduce its dependency on fossil fuels.

Press release
EBRD and Bulgaria
Sustainable energy

The EBRD’s Transition Report 2008 shows that investing in education is key to sustained growth in the transition countries. The report calls for greater public spending on education and an enhanced role for the private sector to increase skills in the workforce.

Transition Report 2008
Press release I | II

The report looks at transparency, participation, evaluation and complaint and response mechanisms of global organisations. The EBRD is the highest-ranked international financial institution and takes second place among organisations assessed by the One World Trust think-tank.

Read the report
Environment and sustainability