Another EUR90 million has been secured for support measures in the context of the current economic and energy crises.
“Also as part of the dialogue with international financial institutions, we have advanced strategic projects such as the Black Sea A.I. Gigafactory – Romania’s digital sovereignty project, as well as the development of modern financing instruments for the economy, including by strengthening the role of the BID – the Investment and Development Bank,” Nazare said in a Facebook post.
In addition, the European Bank for Reconstruction and Development agreed to waive the sovereign guarantees previously required for financing Reactor 1 in Cernavoda and to strengthen cooperation on public-private partnership projects. “We proposed that the EBRD participate in an investment fund created jointly with the BID,” the minister added.
During his visit to the U.S., Alexandru Nazare also discussed with international investors and rating agencies, during which he presented recent economic developments, including the fact that first-quarter budget figures indicate a deficit half that of the same period last year.
(English version by Loredana Fratila-Cristescu)