EBRD Board Directors visit Slovak Republic and Hungary

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The FINANCIAL — Representatives of the EBRD Board of Directors will arrive in Bratislava on Sunday for a visit to the Slovak Republic and Hungary. The Directors will meet with government, business and civil society representatives. The visit will also provide the opportunity to visit EBRD projects.

Participants in the visit will be Eddy Azoulay, Alternate Director for Austria/Israel/Cyprus/Malta/Kazakhstan/Bosnia and Herzegovina, Sang Goo Byun, Director for Korea, Australia, New Zealand and Egypt, Raffaella Di Maro, Director for Italy, Evren Dilekli, Director for Turkey, Romania, Azerbaijan and Kyrgyz Republic, Ronald Elkhuizen, Alternate Director for Netherlands, Mongolia, FYR Macedonia and Armenia, Antonio Oporto, Director for Spain and Mexico, Joachim Schwarzer, Director for Germany and Sergey Verkashanskiy, Alternate Director for Russian Federation, Belarus and Tajikistan. The host countries will be represented by Director Klara Krol and Alternate Director Antal Nikoletti.

In the Slovak Republic the Board Directors will have the opportunity to travel to central and eastern regions where they will visit several projects funded by the Bank and, among others, the regional centre Košice, according to EBRD.

In Hungary, the Board Directors will also meet the Mayor of Budapest. In September 2013, the EBRD provided a €54.5 million loan to Budapesti Közlekedési Központ Zártkörűen Működő Részvénytársaság, the public transport company of Budapest owned by the municipality, for the introduction of contactless travel cards in the Hungarian capital.

Board consultation visits provide EBRD shareholder representatives with first-hand information about recent developments in the Bank’s countries of operations and the Bank’s activities. They inform the process of formulating country strategies when they are up for renewal. A new EBRD country strategy for Hungary is due later this year and for the Slovak Republic next year.

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