The European Investment Bank increased its new investments in Ukraine last year by 50% yoy, to more than €1 billion

The European Investment Bank increased its new investments in Ukraine last year by 50% yoy, to more than €1 billion, bringing total EIB investment in Ukraine to €7.5 billion, Jean-Erik de Zagon, the bank’s resident representative for Ukraine, told reporters yesterday. Bank Vice-President Teresa Czerwińska said Ukraine now receives 60% of EIB money destined for the Eastern Neighborhood, a group of 16 countries to the east and the south of the EU. She said: “We delivered record investment of over €1 billion in Ukraine in 2020, focusing our operations on support for conflict-affected regions of eastern Ukraine, sustainable and green infrastructure, digitalization, innovation and business recovery after COVID-19.”