Loading ...European Bank for Reconstruction and Development (EBRD) is to increase investments to Romania by an additional 500 million to 1 billion euros over the next 2 years as part of an international 20 billion euros financial support package, the bank informs in a release.
Approximately half of this amount will be dedicated to the financial sector, and the rest invested across the broader economy, including in the corporate, energy and energy and national and municipal infrastructure sectors.
Approximately half of this amount will be dedicated to the financial sector, and the rest invested across the broader economy, including in the corporate, energy and energy and national and municipal infrastructure sectors.
The international funding package will aim to cushion the effects of the sharp drop in capital inflows while implementing policy measures to address the external and fiscal imbalances and to strengthen the financial sector.
"The international financial institutions are working together to find practical, efficient and timely solutions to the crisis in eastern Europe. We are acting jointly in Romania now in order to stimulate the Romanian economy and shore up confidence in these exceptional global circumstances", stated EBRD President Thomas Mirow.
The current EBRD commitments in Romania stand at 1.9 billion euros in 110 projects.
The current EBRD commitments in Romania stand at 1.9 billion euros in 110 projects.
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