| Time to move on? - EBRD investment in selected countries (as at February 28 1997) Ecu millions |
|||
| Country |
Total |
Private |
Public |
| Russia |
2,646.60 |
2,336.50 |
310.2 |
| Hungary |
1,039.70 |
960.4 |
79.4 |
| Poland |
947.3 |
839.2 |
108.1 |
| Romania |
876.2 |
302.7 |
573.5 |
| Slovak Republic |
439.4 |
380.4 |
59 |
| Czech Republic |
391.4 |
320.7 |
70.6 |
| Slovenia |
330.4 |
157.8 |
172.6 |
| Source: EBRD | |||
Investment bankers and fund managers are happy to criticize the European Bank for Reconstruction & Development (EBRD) in private, but few will do so on the record. One of the few is Peter Rona, chairman and CEO of the First Hungary Fund, which has $130 million invested in Hungarian companies. Hungary is where the EBRD embarked on its mission, with its first loan to the private sector in 1991 and its first equity stake in early 1992.