Release date: 22 September 2015
Promoter – Financial Intermediary
Promoter: RomaniaLocation
Description
Guarantees for financing small and medium-sized investment promoted by small and medium-sized enterprises (SMEs)
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 275 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under this operation comply with applicable EU legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with applicable EU legislation, as appropriate.
Status
Signed - 25/10/2016
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).