The EIB in Romania
EIB loan signatures in Romania amounted to EUR 1 billion in 2016. Of this figure, 39% was financed in the environmental sector, with another 30% benefitting Romania’s SMEs and midcaps. 25% went to support innovation and infrastructure claimed the remaining 6%. Over the past five years (2012-2016), the Bank has invested EUR 2.7 billion in the Romanian economy.
The EIB is providing EUR 19.5 million to the municipality of Bucharest, for the second phase of its refurbishment programme for multi-family housing. The project is expected to result in around 50% savings in the heating energy consumption of 9 500 apartments. To date, the Bank has provided some EUR 400 million to finance the energy efficiency refurbishment of multi-apartment buildings in Bucharest.
SMEs require trustworthy financing partners for their survival and growth. Many small businesses start as an idea, with little else backing them. One of these companies is the carbon steel company SARA. The company began their partnership with our intermediary CEC Bank receiving loans amounting to EUR 9.9 million, making dreams become reality for the company.
How to receive EIB support in Romania:
- For large projects, contact us directly at head office and at our Bucharest office.
- For smaller projects (generally less than EUR 25m) contact our local partners