EBRD to open hub in Warsaw

The European Bank for Reconstruction and Development (EBRD) which is to launch a Central European hub in Warsaw, will support the competitiveness of companies, the green economy and the capital market in Poland, the daily Puls Biznesu wrote on Monday.

The daily announced that EBRD, which, since its establishment in 1991, has had separate offices reporting to London, has decided to launch a Central European hub in Warsaw.

"Apart from Lithuania, Latvia and Estonia, EBRD's office heads from Slovakia, Hungary and Slovenia will report to the Warsaw bureau. All these countries face similar challenges, we see the possibility of improving our work," the EBRD General Director for Poland and Central Europe Grzegorz Zieliński said.

Puls Biznesu pointed out that a necessity will be to strengthen the Warsaw team.

"This does not mean that it will grow by 100 percent, but we will gradually strengthen competences in key areas, such as capital investments, we need more people responsible for the so-called green economy, meaning the transition to the green economy. They can be people from an engineering background, who will advise bankers and clients on how to, apart from the return on capital, lead to a breakthrough in approaches to the environment," Zieliński noted.

The EBRD team in Warsaw has recently increased by two investment bankers. The support for the Polish capital market is one of the three pillars of the bank's strategy for Poland for 2018-2023, adopted in April.