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    Eastern Europe Gets Capital Boost from EBRD

    By Chiden Balmes // 06 May 2010

    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.

    EBRD has invested 47 billion euros in Eastern Europe since 1991.

    • Funding
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Chiden Balmes

      Chiden Balmes

      Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.

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