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By agreement between the Czech authorities and the EBRD, the EBRD will no longer make new investments in the Czech Republic from 31 December 2007. The EBRD will continue to work closely with Czech enterprises to foster a growing volume of investment into countries further east, where the EBRD is shifting its focus. This decision to exit as a country for new EBRD investments reflects the advanced state of transition that has been achieved by the Czech people.
The Czech Republic will continue to be a shareholder in the EBRD and will remain a country of operations as the EBRD continues to manage its portfolio of investments. The EBRD office in Prague closed in November 2007.
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