OREANDA-NEWS. November 23, 2007. Representatives of the shareholders of the European Bank for Reconstruction and Development are arriving in Budapest on Sunday for a three-day visit to Hungary from where they will travel to Moldova, also for a three-day visit, reported the press-centre of EBRD.

During their visits, the EBRD Board Directors will meet with government representatives, members of the diplomatic and business communities and representatives of civil society. They will also have the opportunity to visit EBRD projects. Country visits are an important opportunity for firsthand accounts of developments in the EBRD’s 29 countries of operations and are regularly conducted by the Board Directors.

Representatives of the Board in the delegations to Hungary and Moldova will be Terence Brown, representing the European Investment Bank; Hiroyuki Kubota, representing Japan; Francis Mougenez, representing France; Turan Oz, representing Turkey, Switzerland, Liechtenstein, Uzbekistan, Kyrgyz Republic, Azerbaijan, Turkmenistan, Serbia and Montenegro; Igor Podoliev, representing Ukraine, Moldova, Romania, Georgia and Armenia; Peter Reith, representing Australia, Korea, New Zealand and Egypt; Pavel Stepanek, Hungary, Czech Republic, Slovak Republic and Croatia; and Jan Willem Van den Wall Bake, representing the Netherlands and Mongolia.

In Hungary they will also be joined by Laszlo Andor, representing Hungary, Czech Republic, Slovak Republic and Croatia, and Jonathan Ockenden, representing the United Kingdom.

During their stay in Hungary, the EBRD Board Directors will be accompanied by Zsuzsanna Hargitai, head of the Bank’s Resident Office in Budapest. The delegation will meet Minister of Finance and EBRD Governor Janos Veres, State Secretary for Economy and Transport Abel Garamhegyi and National Bank Governor Andras Simor. Tuesday evening the Speaker of the Hungarian Parliament, Katalin Szili will host a dinner for the delegation in the House of Parliament In addition, the Board Directors will also have meetings with business representatives and visit projects, in which the EBRD has invested.

In Moldova, where the Board Directors will arrive on Wednesday afternoon, the delegation will be accompanied by Francis Delaey, head of the EBRD Resident Office in Chisinau. The Directors will meet President Vladmir Voronin and the government, ambassadors, representatives of the business community, international financial institutions and civil society. The EBRD representatives will hold a press conference on the findings of their visit on Friday, 30 November, 18.30 hours local time at the Leogrant Hotel in Chisinau.