EBRD and Veolia Environment expand their cooperation in CEE


The EBRD is investing up to €105 million for a 10% stake in Veolia Voda, with the aim of boosting the role of the private sector in the provision of water and wastewater services especially in Russia and Ukraine.

The funds will be used by Veolia Voda to continue its expansion in the Bank’s countries of operation with an emphasis on development in Russia and Ukraine. A holding company for Veolia Water Central and Eastern European activities, Veolia Voda has already made successful entries into the markets of Hungary and the Czech and Slovak republics.

The EBRD’s investment will support the entry of a world leader in the water sector into Russia and Ukraine. As well as supporting a rise in quality of the provision of water and wastewater services, Veolia brings a commitment to transparency and good corporate governance. The development of effective and sustainable infrastructure is crucial for the successful transformation of economies in the EBRD region and infrastructure projects are playing an increasingly important role in EBRD investments. „Improving the supply of water and reducing the danger of pollution and sickness by raising the quality of wastewater treatment made a real difference to the quality of people’s lives. Veolia’s track record in this sector makes them the ideal partner in the drive to transform this sector in areas where international operators have yet to enter the market.” Thomas Maier, EBRD Director for Municipal & Environmental Infrastructure.

The EBRD provided €307 million in support of municipal and environmental infrastructure projects in 2006 and has committed a total of €2.8 billion in 165 infrastructure projects. (since 1996 when the Bank first started MEI investment). Investments in water services totaled €1.6 billion during this period. (ferret.com.au)


November PMI Indicates Slower Manufacturing Sector Expansion Analysis

November PMI Indicates Slower Manufacturing Sector Expansion

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

BDPST Equity Acquires Minority Stake in Waberer's Deals

BDPST Equity Acquires Minority Stake in Waberer's

Hard Rock Hotel Opens 'Star Chalet' for Winter Season Hotels

Hard Rock Hotel Opens 'Star Chalet' for Winter Season


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.