6/6/14

The President of the Republic received a delegation from the European Bank for Reconstruction and Development


The President of the Republic, Mr Nicos Anastasiades, received today, at the Presidential Palace, a delegation from the European Bank for Reconstruction and Development (EBRD).


After the meeting, the Managing Director of the EBRD Mr Jean-Marc Peterschmitt told the press that “EBRD is very pleased to now be active in Cyprus. As you know this is a decision that was taken three weeks ago at our shareholders meeting in Warsaw.

We want to gear up and set ourselves up very quickly. We have appointed a new Head, who will be residing and leading our office here that we will set up very quickly, Mr Libor Krkoska, who is going to be our head of Office in Cyprus. And we really now want to implement our priority which is really private sector focused, privatization, financial sector, corporate sector.

We are very encouraged by what we have seen this week. There’s been a lot of progress. I think the Government is on track with the reform program but there remain many challenging issues and mobilizing private sector investment is really going to be our main objective and hopefully we can play a role by being a signal of regaining confidence in the economy here.”

_______________