The European Investment Fund (EIF) and Libra Internet Bank have signed a guarantee agreement of over RON 30 M (EUR 7 M) aimed at supporting over 400 micro-enterprises in Romania. This agreement will allow Libra Internet Bank to provide enhanced access to finance to micro-entrepreneurs, in particular to young entrepreneurs in Romania, many of whom face difficulties in accessing credit from traditional banking sources, a press release informs. Progress Microfinance is funded by the European Commission and managed by the European Investment Fund. Libra Bank marks the 53rd transaction signed under Progress Microfinance since its inception in 2010.
Thenjiwe Ethel Mtintso, the Ambassador of the Republic of South Africa to Romania: “Advances made by South Africa since 1994: Celebrating the Third Decade of Freedom through accelerating radical economic transformation”
Bogdan Aurescu, Romania’s Minister of Foreign Affairs: Romania, a long time partner of South Africa in its efforts to achieve a better tomorrow
Iohannis: Accession to Schengen and observance of Romanians’ rights, discussion topics in visit to Italy
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