Over the last 25 years, the EIB has provided more than EUR10.6 billion for long-term investments, crucial to create jobs, strengthen economic growth and improve quality of life of its citizens. In recent years, the EIB has supported investments across all major sectors of the economy, including transport, communications, energy and the environment, development of a knowledge economy and increasing access to finance for small and medium-sized companies through local financial institutions partners.
In addition to lending activities, the EIB provides technical assistance to improve use and absorption of EU Structural Funds and unlock additional investment in Romania. A total of 230 projects have been completed, benefiting from EUR18.5 billion of EU funds, and 96 schemes totaling EUR11.5 billion are ongoing. These schemes include transport networks, environmental improvement and investments enhancing energy efficiency, using of renewable energy, RDI and knowledge economy, according to the statement.
The European Investment Fund (EIF), the equity and venture capital specialized arm of the EIB Group, is also providing risk financing solutions to financial intermediaries to support SMEs and Midcaps and foster innovation in Europe. Over the last five years, EIF commitments in Romania totaled EUR264.8 million, mobilizing EUR663.7 million of financing for SMEs in the country.
EIB President, Werner Hoyer, is on visit to Romania on Tuesday to discuss the EIB’s engagement in the country and explore opportunities to provide greater support for long-term investment to accelerate economic development in Romania and improve the quality of life of the country’s citizens. In his first visit to Romania since the new government took office in November 2015, Hoyer will meet with Romanian President Klaus Iohannis, Prime Minister Dacian Ciolos, and other senior politicians, government representatives and business leaders, the statement also reads.