On Tuesday 31 January, the European Commission approved €1.6 billion in Romanian aid to create the Romanian Investment and Development Bank. It aims to support the economic and social development, competitiveness, innovation and growth of the Romanian economy.
The Bank will be established as a fully State-owned entity, with the Ministry of Finance as its shareholder, and will act under the supervision of the National Bank of Romania.
The aid will take the form of: - a capital injection...