The European Investment Bank (EIB) is lending EUR 30 million to BCR Leasing to support the undertakings of small and medium-sized enterprises (SMEs), midcap companies and public entities in the sectors of industry, services and infrastructure in Romania, a press release informs. This is the second tranche of a loan of EUR 75 million approved by the EIB following the successful disbursement of the first part of the loan of EUR 15 million signed earlier this year. Mihai Tanasescu, EIB Vice-President responsible for Romania, stated: “The financing of projects implemented by SMEs and midcap companies is a key policy objective of the EIB in Romania, as the SME and midcap sector represents the engine of growth, innovation and creation of new employment (…)”. The EIB loan will support SMEs’ investments related to the purchase, renovation or extension of tangible assets (other than land), R&D, and the building-up of distribution networks in domestic and other markets inside the EU, covering medium and long-term working capital needs to finance their regular trading cycle.
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