The European Bank for Reconstruction and Development (EBRD) put a record $1.2 billion into Ukrainian projects in 2014, but has invested only $100 million so far this year, holding off until it is convinced of progress. EBRD President Suma Chakrabarti said the bank plans to invest up to $1 billion in Ukraine this year, including in the gas sector, provided real reforms are implemented.
International investors and donors expect Kyiv to raise energy tariffs and clean up a mass in banking sector, but reforms has moved slowly on issues such as overhauling debt-laden Naftogaz and clearing out the judiciary and law enforcement. The government has yet to fulfill a promise to break up Naftogaz into separate businesses managing gas production, sales and supply, and bring number of banks in the country to under 50, instead of 114 currently. Read more at http://www.reuters.com