This is the second tranche of a EUR75 million loan approved by the EIB following the successful disbursement of the first part of the loan of EUR15 million signed earlier this year.
“The financing of projects implemented by SMEs and midcap companies is a key policy objective of the EIB in Romania, as the SME and midcap sector represents the engine of growth, innovation and creation of new employment,” said Mihai Tanasescu, EIB Vice-President responsible for Romania.
The EIB loan will support SMEs’ investments related to the purchase, renovation or extension of tangible assets (other than land), R&D, and the building-up of distribution networks in domestic and other markets inside the EU, covering medium and long-term working capital needs to finance their regular trading cycle.