articles | 25 April 2017

EBRD to hold first AGM in Nicosia

Cyprus is holding its first annual conference of an international financial institution, where the European Bank for Reconstruction and Development’s Annual Meeting and Business Forum will take place in May in Nicosia.

More than 40 events, discussion panels, press briefings and special meetings will fill the busy schedules during the two-day conference, between May 9 and 11.

The theme of the meeting is “Targeting Green and Inclusive Growth: Meeting Regional and Global Challenges” and 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.

At the Annual Meeting, the Bank’s shareholders take decisions about the EBRD’s strategy and operations, such as in 2014 when they 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.

As host country, Cyprus will have the opportunity to showcase what it can offer to the business community, during a special event to be launched with keynote addresses by EBRD President Suma Chakrabarti, Finance Minister Harris Georgiades, and CEO of RCB Bank Ltd Kirill Zimarin.

EBRD was established to help build a new, post-Cold War era in Central and Eastern Europe. It has since played a historic role and gained unique expertise in fostering change in the region – and beyond.

Source: InCyprus

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