Mark Davis has been appointed the new EBRD Regional Director for Romania and Bulgaria and will assume his new role in Bucharest on 1 April 2019. Mark Davis follows Matteo Patrone who has become Managing Director for Eastern Europe and the Caucasus.

In his new position as Regional Director for Romania and Bulgaria, Mark Davis will lead EBRD operations in the two countries and help boost their economies through investment, advice and support for reforms.

“I am honoured to take on this new task. Romania and Bulgaria play increasingly prominent roles in south-eastern Europe and for EBRD business. We will keep the investment momentum in the two countries. The EBRD with its teams on the ground and its staff in London will work to strengthen the competitiveness of these economies and their regional and international integration. We want to help build economies that deliver for their people,” said Davis.

To date, the EBRD has invested over 8.3 billion Euro in Romania and nearly 3.9 billion Euro in Bulgaria. In 2018 alone, the Bank invested over 400 million Euro in Romania and more than 185 million Euro in Bulgaria.