EBRD: Cyprus to host AGM in May, signs MoU

The Ministry of Finance and the European Bank of Reconstruction and Development (EBRD) have signed a memorandum of understanding for the EBRD Business Forum and the Board of Governors Annual Meeting to be held in Nicosia on May 9-11.

 
The MoU was signed by Finance Minister Harris Georgiades and EBRD Secretary General Enzo Quattrocioncche.
The MoU sets out responsibilities, division of labour and scope of cooperation. The Annual Meeting will bring together representatives of the 67 shareholder countries and up to 2,000 participants from governments, businesses, civil society and media.
The EBRD began operations in 2014 in Cyprus after the economic crisis and to date has invested almost EUR 220 mln in equity participation in Bank of Cyprus and Hellenic Bank, a successful trade-finance facility, financing of shipping companies and also financing five photovoltaic renewable energy projects.