Release date: 13 January 2005
Promoter – Financial Intermediary
BRD – Groupe Société Générale, S.A.Location
Description
Financing of small- and medium-scale projects in the fields of energy, energy savings, environmental protection, infrastructure, knowledge-based economy, industry, services and tourism in Romania.
Objectives
The global loan would contribute to the development of term finance in Romania. Through the financial intermediary, the global loan would provide medium and long-term funding for eligible projects promoted by small and medium sized enterprises (SMEs) and local municipalities/authorities/associations.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million.
Total cost (Approximate amount)
Not applicable
Environmental aspects
The financial intermediary is requested to ensure compliance of the sub-projects with relevant national and EU directives, as appropriate.
Procurement
The financial intermediary is requested to ensure compliance of the sub-projects with EU directives, in particular for the award of public sector contracts, as may be appropriate.
Status
Signed - 10/09/2004