“Tomorrow, (Victor Ponta – e. n.) will be in London for talks with the representatives of the European Bank for Reconstruction and Development. In this respect, the government has adopted a Memorandum on starting negotiations for closing an agreement between Romania and EBRD regarding the representation of the bank in Romania,” said government spokesman Corneliu Calota.
EBRD, established in 1991, is owned by 64 countries, the European Union and the European Investment Bank.
Romania was the sixth country by volume of EBRD investments in 2014, with almost EUR600 million invested. To date, EBRD has invested over EUR7 billion in the country and has also mobilized more than EUR14 billion for these ventures from other sources of financing.
In Romania, EBRD supports projects in energy sector, industry, trade, agribusiness and infrastructure, granting funds to financial-banking institutions, especially for SMEs.