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Image header Agence Europe
Europe Daily Bulletin No. 10620
ECONOMY - FINANCE - BUSINESS / (ae) business

24/05/2012 (Agence Europe) - EIB loan for small businesses in Romania. The European Investment Bank (EIB) and Banca Comerciala Romana S.A. (BCR) signed a €50 million loan agreement on Thursday 24 May to finance projects to be implemented by small and medium-sized enterprises (SMEs), midcap companies and public entities in Romania. The EIB loan will co-finance projects contributing towards regional development and the productivity of SMEs and midcap companies in Romania involved in industry and services. Energy efficiency investments carried out by SMEs will also receive grant support from the European Commission (EC) under the SME Finance Facility Energy Efficiency Window, which provides for cooperation between the EIB and the EC to reduce CO2 emissions in construction and industry. (OL/transl.rt)

 

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