Eastern Europe is off to a more thriving investment climate as the European Bank for Reconstruction and Development approved a scale-up in capital for the region, opening the way to investments of 9 billion euros in each of the next two years and 8.5 billion euros in the next three years, Bloomberg Businessweek reports.
The call forms part of the five-year investment program initiated by EBRD President Thomas Mirow to set the foundation for sustainable economic growth from central Europe to central Asia.
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EBRD has invested 47 billion euros in Eastern Europe since 1991.
