The European Bank for Reconstruction and Development (EBRD) realized in 2007 $935 million in projects throughout the year. Landmark deals operated a $100 million loan to Galnaftohaz to expand the OKKO gasoline station network, a $100 million deal to assist IKEA's entry into the country's flourishing consumer market and a $100 million loan to Kyiv public transportation strcutures.

In general ERBD's investment in Ukraine declined not significantly, about 10% over the previous year. Bank representative, Anton Usov, said the decline was "due to the fact that 2006 was such a remarkable year in which we exceeded our business plan; not to any slowdown in bank operations."

The EBRD is planned to begin 2008 with a flurry of project signings, valued at $450 million during the 1-st quarter alone. Highlights contain a $220 mln loan to the Rivne-Kyiv high power-line.

An EBRD representative stated that Ukraine has made "remarkable progress on the path toward establishing an enduring European-style democracy, yet significant difficulties remain". Specifically, Anton Usov reported, "Ukraine needs to improve the court system, increase transparency and clearity, rationalize land use law and, perhaps most important, a period of political sustained stability." As a tribute to Ukraine's impressive economic development and political transformation the EBRD will hold its annual shareholders' meeting in Kyiv on 18-19 May 2008.

The European Bank for Reconstruction and Development is the largest foreign private investor in Ukraine. Since 1993, the EBRD has already invested $4.5 billion in over 150 projects throughout the country.