<em>The European Bank for Reconstruction and Development (EBRD) is a multilateral developmental investment bank. It provides lending regionally in the countries it operates in, focusing on private banks and businesses, including new ventures and existing companies. Since its establishment in April 1991, EBRD has disbursed over EUR 190 bln in more than 6,800 projects across three continents.<em> </em>Svetlin Pislenski is an Associate Director and Senior Banker at EBRD in Bulgaria.</em>