The European Investment Bank (EIB) said on Thursday in a press release that higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from the €809 million with the aim to support Romania.
“The European Investment Bank Group has made a crucial contribution to helping businesses across Romania better withstand the economic challenges of COVID-19 and enabling priority to higher education, health, water and energy investment to accelerate,” said Alexandru Nazare, Romanian Finance Minister and Governor of the European Investment Bank.
“The European Investment Fund (EIF) teams in Bucharest and Luxembourg remain committed to working with our Romanian partners to continue mobilising high-impact private investment in Romania,” said Alain Godard, Chief Executive of the European Investment Fund.
“The close cooperation between the EIB Group and Romania has transformed economic opportunities, infrastructure and key services in the country. The strong pipeline of future EIB and EIF engagement in Romania will build on this impressive track record,” added Nazare.
“The €809 million new EIB and EIF financing agreed to in 2020 will benefit thousands of companies, students and households across the country in the years ahead,” said Christian Kettel Thomsen, EIB Vice President responsible for Romania.
Business investment, leasing by agriculture, manufacturing, service companies and ensuring more inclusive access to finance across Romania will be enhanced by €633 million of new private-sector support agreed between the EIB, EIF and leading Romanian financial partners.
Confirmation of the reinforced EIB Group engagement in Romania followed meetings over recent weeks with Alexandru Nazare, Romanian Finance Minister and Governor of the European Investment Bank, and Ministers responsible for Investments and European Projects, Energy and Transport.
Business investment, leasing by agriculture, manufacturing and service companies and ensuring more inclusive access to finance across Romania will be enhanced by €633 million of new private-sector support, agreed between the EIB, EIF and leading Romanian financial partners.
This includes more flexible and increased financing for business investment, provided through local banks and financial institutions, to ensure that Romanian companies can better withstand business pressures and economic challenges resulting from the COVID-19 pandemic.
New EIB support for private sector investment in Romania also included €100 million backing to expand warehouse and supply chain capacity across the country and new lending programmes to ensure that entrepreneurs and socially disadvantages communities can access finance.