Financiarul

The European Bank for Reconstruction and Development (EBRD) on Monday approved a loan worth 20 million euros to Lafarge Ciment Romania SA, to help the company finance its activities and support its working capital needs, reads a release of the banking institution.

‘The seasonal character of the construction sector and the low level of crediting maintained by the commercial banks had a significant impact on the liquidities of Lafarge Ciment.

Thus, through this loan, EBRD is directly supporting an older client to maintain at its best standards. Moreover, the EBRD funds will allow Lafarge Ciment to continue supporting its loyal clients and suppliers [...],’ reads a release of the EBRD.

According to the abovesaid source, the Romanian company is going, based on the 20 million loan, to implement the recycling programmes and to continue investing in the new facilities to treat the oil and solid wastes.

The EBRD will send the money via the Mid-Size Corporate Support Facilities programme, and total funds being involved worth 50 million euros, to be made available for loyal customers, but also for the new ones, in the context of the current challenges and conditions on the market.

Ever since its first operations carried out in Romania, EBRD has invested more than 4.2 billion euros in approx. 255 projects, also attracting supplementary investments worth more than 7.4 billion euros.

EBRD, held by 61 countries and 2 inter-governmental institutions, supports the development of the market economies and democracies in Central Europe all the way to Central Asia.

Romania has been a member of the EBRD since 1991. The Romanian Governor to EBRD is the Minister of Public Finance, with the Alternate Member to the EBRD being the BNR Governor.

The Romanian state is part of the Constituency headed by Ukraine, the Republic of Moldova, Georgia and Armenia also making part of the team.