The European Bank of Reconstruction and Development (EBRD) and Ukraine signed a cooperation program for 2005-2006. According to EBRD Country Director for Ukraine Kamen Zahariev, this program includes a number of projects at various stages. The EBRD plans to invest EUR380-400 mln into Ukrainian projects by the end of the year. In 8M05 EBRD investments into Ukraine have already exceeded EUR300 mln.