The EIB loan will be used to co-finance projects contributing towards regional development and the productivity of SMEs and midcap companies in Romania operating in the industry and service sectors, they said.
“This will help to strengthen Romania’s competitiveness, as these companies form the backbone of the country’s economy, create a significant amount of employment, particularly new job opportunities, and generate a substantial proportion of the gross domestic product,” said Plutarchos Sakellaris, EIB Vice-President responsible for Romania
BCR is Romania’s largest bank by assets. The lender is majority owned by Austrian Erste Group Bank AG (EBS.RO).