beata: the positioning. the biggest risk is the positioning overall in particular for europe does not happen very often, it has gone very stretched. we are almost at a normalized historical highs in terms of positioning. in terms of entering into the earnings season, we think this year will be particularly important and the focus of the investors will be on the eps delivery. many sectors have gone to stretched valuations. even if they can deliver on earnings they can be justified. i think that's rational for delivery is quite high. how much sonali: pressure is there on the bottom lines. . further deceleration of inflation. we are seeing a number of companies not willing or able to meet expectations given the expense line. how much risk is there there? beata: the dynamics of inflation could definitely put pressure. we only see proper margin compression in deeper eps for sessions. the set up for this year, the dynamics to watch is eps broadening. last year has been quite subdued growth. let eps -- flat eps. un

the chief economist of the european bank for reconstruction and development, beata yavorchyk, told about this on the sidelines of the economic forum in davos. well , here she is speaking for her bank, for her financial institution ebr is planning an investment. to our state from 7.5 to 15 billion euros, but these are funds planned to invest in ukraine within 5 years. well, we really need funds, because vasyl's printing press, under any conditions, under any circumstances, is not an option. absolutely, well, for me, as i speak with the specialists there, davos, of course, no one will bring anything concrete from there in their bags, but it's like for me, you know, a conversation in the undressing after the first half of a football match, not everything. there were just 50 billion delays with the usa delays there are other difficult moments with poland with romania with slovakia with hungary had problems at the borders. well , the most important thing for me is for people to talk frankly on the sidelines of this forum, to explain. what can happen if this does not happen, well, they began t

beata yavorchyk of the european bank for reconstruction and development, well, she speaks for herselfinancial institution ebr, plans to invest in our country from 7.5 to 15 billion euros, but these funds are planned to be invested in ukraine within 5 years, well, the funds are really needed, because vasyl's printing press, well, under any conditions, to turn it off under any circumstances is not an option, absolutely, well, for me, as i speak with the specialists there, yes... of course, no one will bring anything concrete from there in their bags, but it is like, you know, a conversation in a locker room after the first half of the football match, not everything was simple, 50 billion delay, with the usa delays , there are other difficult moments, with poland, with romania , with slovakia, with hungary, there were problems at the borders, well, the most important thing for me is that people talk frankly on the sidelines of this forum, explain what can happen if this it won't happen, well, they have started to act, for some reason there are certain decisions on the border, there is he

the chief economist of the european bank for reconstruction and development, beata yavorchyk, told davos is speaking for her bank, for her financial institution, the erb plans to invest in our country from 7.5 to 15 billion euros, but these funds are planned to be invested in ukraine within 5 years. well, we really need funds, because vasyl cannot turn on the printing press under any conditions, under any circumstances . absolutely, well, for me... for me, as i speak there with the davos specialists, of course no one will bring anything specific from there in their bags, but this is what it looks like to me, you know, the conversation in the dressing room after the first half of a football match, not everything was easy, the 50 billion delay, delays from the usa, there are other difficult moments, with poland, with romania , slovakia, hungary, there were problems at the borders, well, the most important thing for me is that people openly talk on the sidelines of this forum, explain what can happen if this does not happen, well, and start acting for, well, the solutions on the border are