European Bank for Reconstruction and Development warns two decades of economic reform in Eastern Europe at risk
Feb 26th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Bank for Reconstruction and Development (EBRD) plans a substantial increase in investments in 2009 as a direct response to the impact of the global financial crisis on the economies of Eastern Europe, after making a net loss in 2008 of €602 million. The bank warned that the economic crisis "is threatening to throw nearly two decades of economic reform into reverse" in the region.