B.Sun
Since the EBRD’s formation, many CEE countries have benefited from their involvement. Listed below are a few nations that have flourished as a result of receiving direct support from the EBRD:
In the Czech Republic, the EBRD has financed over 100 projects and invested over €1 billion in the Czech Republic since 1992, resulting in a total project value amounting to nearly €5 billion. This result reflects a remarkable transition to a modern market economy making the Czech Republic one of the most competitive economies in the EU. The Czech Republic is also slated to be the first of eight EBRD countries that joined the EU in 2007 to graduate from the EBRD’s program.
In Hungary, the EBRD has financed nearly 100 projects and invested €1.85 billion in Hungary. The EBRD has helped Hungary emerge as one of the most advanced countries in the EU. Ninety percent of economic activity is conducted through private enterprise. Furthermore, an open channel of foreign investment and an open foreign trade regime have been established.
In Romania, the EBRD has financed 127 projects totaling €3.6 billion. The EBRD has also effected significant privatization and enterprise restructuring, resulting in Romania’s acceptance into the EU in 2007. Monetary and fiscal challenges still pose an issue in Romania, but the EBRD has published strategies for combating the slow in economy growth and monetary fragility that may arise.
For more information including comprehensive case studies, a list of approved projects for each country and current updates please visit www.ebrd.com.
