The European Bank for Reconstruction and Development plans to invest 150 million euros ($220 million) in Turkey in 2009 and 300 million euros in 2010, the bank said in a document published yesterday.
The EBRD’s board of directors said on Tuesday it recommended Turkey become the development bank’s 30th country of operation, or recipient of funds, although the decision requires the final approval of the bank’s board of governors.
“The bank will aim to operate in Turkey as an enterprise and transition-focused bank through appropriate project selection and structuring,” the EBRD said in its strategic review of Turkey, published on its website.
(KATHIMERINI, 24/09/2008)