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    Reference: 20150648
    Release date: 22 September 2015

    Promoter – Financial Intermediary

    Promoter: Romania

    Location

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Romania Credit lines