EBRD unveils programme for 2017 annual meeting in Cyprus

EBRD unveils programme for 2017 annual meeting in Cyprus


More than 40 events, discussion panels, press briefings and special meetings will make up the programme of an especially busy and wide-reaching Annual Meeting and Business Form of the EBRD in Nicosia from 9–11 May 2017. The theme of the meeting is “Targeting Green and Inclusive Growth: Meeting Regional and Global Challenges”.

It will be the first annual conference of an international financial institution in Cyprus and government representatives, business people, civil society organisations, experts and media are expected to attend. The EBRD is currently owned by 65 countries from five continents as well as the European Union and the European Investment Bank.

The EBRD is coming to Cyprus in a very healthy state as a vigorous institution that continues to deliver real impact in the countries where it invests. In 2016, the Bank recorded another year of record investments of €9.4 billion with projects that make a strong contribution to the economic transformation and profits. In Cyprus, where the Bank started operating in 2014, the EBRD to date has invested some €220 million.

At the Annual Meeting, the Bank’s shareholders take decisions about the EBRD’s strategy and operations. For example, at its 2014 Annual Meeting the Bank’s shareholders voted in favour of expanding operations to Cyprus on a temporary basis to support the island’s recovery from a severe economic crisis. The EBRD invests in its more than 35 countries of operations to support the development of the private sector and market-based economies. Since its establishment in 1991, the Bank has invested almost €120 billion in more than 4,700 projects.

The Business Forum is part of the event programme and will offer panels which have been organised to address the EBRD’s new transition concept. They will discuss questions of competitiveness, governance, green growth, inclusion, resilience and integration and assemble prominent speakers such as Herman Gref, CEO, Chairman of the Executive Board of Sberbank of Russia; Maria Demertzis, Deputy Director, Bruegel; Ran Senderovitz, Vice President CCG, General Manager, Intel Israel; Jacqueline McGlade, Chief Scientist, United Nations Environment Programme; Iveta Radičová, Former Prime Minister, Slovak Republic; Mark Elborne, President and CEO, GE UK and Ireland; Fokion Karavias, CEO, Eurobank; Boris Vujčić, Governor, Croatian National Bank and many more.

As host country Cyprus will take the opportunity to present itself to the business community in a special event, which will be opened with keynote addresses by EBRD President Suma Chakrabarti and Cyprus’s Minister of Finance, Harris Georgiades.

Bosnia and Herzegovina, Egypt, Georgia, Greece, Jordan, Kazakhstan, Moldova, Poland, Romania and Ukraine have confirmed that they will be holding presentations about business opportunities in their countries.

Many shareholders will be represented with senior government delegations such as, for instance, Egypt’s Minister of Investment and International Cooperation, Sahar Nasr; Kazakhstan’s Minister of Finance, Bakhyt Sultanov and Ukraine’s Minister of Finance, Oleksandr Danylyuk.

The EBRD is a multilateral bank committed to the development of market-oriented economies and the promotion of private and entrepreneurial initiative in more than 30 countries from Morocco to Mongolia and from Estonia to Egypt. The Bank is owned by 65 countries, the EU and the EIB. Follow us on the web, Facebook, LinkedIn, Instagram, Twitter and YouTube.


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Tags: cyprus, EBRD

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