EIB vice-president Andrew McDowell said the loan will uphold investments needed for 3,000 local businesses. He added EIB will focus on investments which uphold the acceleration of economic growth and can create over 37,000 jobs in Romania’s less developed regions.
BT is the second largest lender in Romania’s banking system, with 500 branches countrywide. The current loan from the EIB raises to a total EUR300 million the overall value of financings received from the EIB.