EBRD to adjust its strategy for Poland

The EBRD could invest €650-700 million in Poland this year, the institution’s manager for Poland Grzegorz Zieliński said, adding that while in the future, that amount will not increase significantly, the scope might change.  “It's hard to say that after 26 years of transformation that Poland requires special attention from the EBRD. But we still have things to do,” he explained. So far this year, EBRD invested in cable producer Telefonica, grocer Żabka, and developer Griffin Real Estate. According to Zieliński, the bank could continue investing in company’s stock. “Commercial banks have what it takes to handle most financing projects and the EBRD can restrict itself to the longer-tenors and special structures when offering debt,” he said. EBRD is currently working on its new strategy for Poland, which should be ready “within weeks.”