EBRD investment in Poland to surpass euro 300 mln to boost EU membership bid

bid The European Bank for Reconstruction and Development (EBRD) will increase its investments to at least euro 300 million in Poland this year. "Although the development of the Polish economy is very good, it does not mean that EBRD will lower its investments," said the new EBRD president Jean Lemierre yesterday. EBRD, which has invested euro 1.43 billion since 1991, is especially interested in agriculture, food, financial and transportation sectors of the Polish economy. Lemierre on the behalf of the EBRD signed two deals worth euro 62 million. The money will be invested in the dairy and retail sectors. The EBRD is also interested in investing money in sectors that are crucial to the European Union (EU) expansion, namely agriculture and mines. (Prawo i Gospodarka, page 1)