Jean-Erik de Zagon, head of the European investment bank's representative office in Ukraine, said that the bank had invested in Ukraine more than €7 billion since 2007.
Where did the investments go?
According to him, out of €7 billion of loans from the EIB, the most significant part was invested in transport, €1.1 billion in the energy projects, €2 billion in the development of small and medium-sized enterprises through commercial banks in Ukraine, €500 million — cooperation in the field of industry.
Allocating loans to Ukraine, the emphasis was on projects for the transition to green energy, particularly on environmentally friendly modes of transport. In addition, investments were made in reconstructing kindergartens in eastern Ukraine, support for small and medium-sized businesses in the recovery after the coronavirus crisis to large infrastructure projects such as Boryspil international airport.
Increase in foreign investment in Ukraine
The investments in Ukraine have increased steadily, and now the amount is the largest in recent years. For three quarters of 2021, Ukraine received about $5 billion in foreign direct investment. Therefore, Ukraine has a task to continue working with foreign investors and improve the investment climate in Ukraine.
More about the European investment bank
The European investment bank is the bank of the European Union and its climate bank. It is located in Luxembourg and is owned by the 27 EU member states. It's the largest multilateral development bank globally, with active operations in 100 countries worldwide.
It was established to provide loans of interest to the EU and associated states. The capital is formed from the deposits of the participating countries.
