The European Bank for Reconstruction and Development has appointed Andreea Moraru as Managing Director for Central Europe and the Baltic States.

Currently serving as Director for Poland and the Baltic states, Ms. will take up her new role on 1 June, and will lead the Bank’s operations in Croatia, Hungary, Poland, the Slovak Republic, Slovenia, Estonia, Latvia and Lithuania.

As Managing Director, Ms. Moraru will guide the EBRD’s engagement to ensure that investments deliver tangible benefits, respond to evolving regional challenges and contribute to long‑term sustainable growth. Continuing to be based in Warsaw, she will work closely with country teams, public authorities, private sector clients and partners to advance investments, policy dialogue and reform activities across the region. 

Ms. Moraru succeeds Charlotte Ruhe, who will retire at the end of June after leading the Bank’s wider Central and South‑Eastern Europe region.

A Romanian and British national, Ms. Moraru brings more than two decades of experience across country and sector roles at the EBRD. She has a strong track record of delivering sustained business growth and high‑impact policy engagement, building and leading cross cultural teams, and fostering effective partnerships with governments, financial institutions and private‑sector clients.

Prior to her current role in Warsaw, Ms. Moraru served as Director, Head of Greece and Cyprus, where she significantly scaled up the Bank’s corporate business in Greece while successfully managing the winding down of operations in Cyprus and the closure of the Nicosia Resident Office.

Ms. Moraru also brings extensive board‑level experience, having served as a non‑executive director on several boards in the banking, insurance, pension and asset‑management sectors across the region. She is currently the EBRD’s nominee director to the Board of the European Expansion Fund (ENEF).

The Central Europe and Baltic States region plays an important role in the EBRD’s portfolio, encompassing advanced transition economies alongside markets with ongoing reform needs. The Bank’s work in these countries focuses on strengthening competitiveness of the private sector, accelerating the green economy transition, enhancing energy security and supporting innovation and resilience.

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