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EC-EIB SME INITIATIVE ROMANIA

Summary sheet

Release date
22 September 2015
Status
Reference
Signed | 25/10/2016
20150648
Project name
Promoter - financial intermediary
EC-EIB SME INITIATIVE ROMANIA
Promoter: Romania
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 275 million
Not applicable.
Location
Sector(s)
Description
Objectives

Guarantees for financing small and medium-sized investment promoted by small and medium-sized enterprises (SMEs)

The SME Initiative in Romania, a joint initiative of the EIB Group and the European Commission, is expected to make a significant contribution to sustainable growth and employment through the facilitation of credit at attractive terms. It aims to enhance the Bank's support for the economic development of SMEs in Romania. The initiative involves collaboration between the European Commission, the EIB Group and the Romanian national authority responsible for the coordination of structural funds.

Environmental aspects
Procurement

The Bank will require that projects financed under this operation comply with applicable EU legislation, as appropriate.

The Bank will require that projects financed under this operation comply with applicable EU legislation, as appropriate.

Link to source
Summary sheet
EC-EIB SME INITIATIVE ROMANIA

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.

Media enquiries

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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