BUSINESS

EIB increases Romanian programmes value by 30 pc

The European Investment Bank (EIB) will increase the total value of its programmes in Romania in 2009 to EUR 1.5 bn from EUR 1.2 bn, EIB Bucharest Office Director Milena Messori said yesterday. ‘I met with the governor of the European Bank at the end of 2008 and we decided to increase our contribution through financial porgrammes by 30 per cent, to reduce the impact of the crisis on the countries with which we work’, said the EIB official quoted by Agerpres. The EIB projects in Romania planned for 2009 target the development of the transport and infrastructure sectors and the support of the small and medium-sized enterprises, Messori said. The EIB Director for Romania, Milena Messori, yesterday opened the Bucharest Stock Exchange trading session, assuring that her institution would continue with its current time table for the issuance of bonds in Romania. ‘We will continue with out timetable for the emission of bonds quoted on the Stock Exchange in Romania, and we will watch market opportunities and its trends’, she said. EIB loans to Romania totaled EUR 1.1 bn in 2008 and EUR 6.2 bn since 1990.

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