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Signature(s)

Amount
€ 80,000,000
Countries
Sector(s)
Romania : € 80,000,000
Services : € 80,000,000
Signature date(s)
16/04/2007 : € 80,000,000
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Summary sheet

Release date
19 January 2007
Status
Reference
Signed | 16/04/2007
20030435
Project name
Promoter - financial intermediary
Tengelmann Retail Romania
Plus Discount Romania SCS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 80 million.
EUR 200 million.
Location
Sector(s)
Description
Objectives

The project encompasses the construction and operation of approximately 70 hard discount retail outlets in Romania under the "Plus" brandname as well as a regional distribution centre in Cluj.

The project will create significant new direct and indirect employment and will support the ongoing modernisation of the Romanian retail sector, which is lagging behind as compared to other acceding countries in terms of retail modernisation.

Environmental aspects
Procurement

The project does not fall under the EC Directive 97/11 on environmental impact assessment. However, Romanian legislation could require environmental impact assessments for the project. During the evaluation process the environmental studies required to obtain the building permits will be analysed.

The promoter is a privately owned entity and not covered by EU procurement directives. The procurement will follow procedures usually applied by the retail industry, which appear suitable for the project.

Comments

Wholesale and Retail Trade

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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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