BUSINESS

EBRD invested EUR 600 M in Romania in 2012

The European Bank for Reconstruction and Development, EBRD, invested around EUR 600 M in Romania in 2012, financing a number of 26 projects, the bank’s financial analyst Olga Rosca said in a statement Friday, Mediafax informs. Since the beginning of operations in Romania, EBRD has invested over EUR 6 billion in 331 projects. According to a press release, the bank expects to have made a 2012 net profit of around EUR 1 billion, after EUR 173 million in 2011. According to preliminary estimates, the EBRD invested EUR 8.7 billion in its traditional area of operations in 2012, financing an unprecedented 388 individual projects. That compared with an investment volume of EUR 9 billion in 2011 in 380 projects. By 2015, it expects to be investing up to EUR 2.5 billion a year in this new region. Looking ahead to 2013 and beyond, the EBRD will put a strong emphasis on financing projects that can prepare the way for recovery and more robust growth in the future.

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