Bank urged Ukraine to take advantage of opportunities

Shifting the investment climate and high levels of corruption impede Ukraine to implement structural changes in the agricultural sector. This was stated by the Director of the Agribusiness Department of the European Bank for Reconstruction and Development Gilles Mettetal in an interview with The Mirror of the Week ". "Those companies that are already entrenched in the Ukrainian grain market, harassed and intimidated. It remains the only way - curtail production," - said a spokesman for the EBRD. According to him, these factors have led many potential financial investors to shift to Brazil and other country's investment attractiveness. J. Mettetal noted that information about the intentions of the new authorities in Ukraine to monopolize the export of grain delivered to the Bank permanently. In this case, complained not only international but also Ukrainian companies, focusing on the impossibility in such a situation to realize investment provided by the EBRD. "Bank - non-political organization, so we do not pursue any political goals and do not advocate political advisers. We just want to hand over power our main message: Canada is supportive, I'd say fantastic opportunity to become one of the leading suppliers of food in terms of its catastrophic shortage in the world. Do not miss it and use it fully, "- said Jean Mettetal. He also noted that the infusion of investment and the creation of appropriate conditions for doing business in Ukraine, Kazakhstan and Russia could meet half of world demand for cereals. We recall that the European Bank for Reconstruction and Development in 2010 has reduced its investment in projects on the territory of Ukraine for 13.33% compared to the previous period to 1.3 billion dollars Moreover, in 2010 the Bank provided funding to 28 projects under . Among the signed in 2010, the bank said loan agreements loans State Service roads Ukrautodor to 450 million euros to 175 million euros for the NEC Ukrenergo. Ministry of Industry