“The loan mainly targets the financing of SMEs which represent the backbone of the Romanian economy, both from the perspective of new jobs and of the economic growth,” said Mihai Tanasescu, EIB Vice-President responsible for Romania.
In 2013, EIB lent CEC Bank another EUR45 million which were used to finance over 100 projects of SMEs and midcap companies, in the sectors of production, agriculture, trade, services, constructions and green energy production.
Next year, EIB will focus on financing projects in energy sector, according to Tanasescu.
Since 1992, the EIB provided financing for Romanian projects worth some EUR10 billion, representing 7.3% of Romania’s GDP.