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March 23, 2023

Tanasescu, EIB: We are considering EUR 500-600 M worth loans for Romania in 2013

The European Investment Bank (EIB) is considering granting to Romania loans worth EUR 500-600 M this year, Mihai Tanasescu, Vice President of the EIB stated recently, Agerpres informs. In end-June, Mihai Tanasescu was saying that the bank considered allotting Romania funds worth between EUR 800 M and EUR 1 billion in 2013. ‘The plan didn’t change. There are certain projects that take more time to finalize and I believe that we do not have enough time to finalize them by the end of the year … This amount, of 600 (million euros) is double compared with the one granted last year,’ explained Mihai Tanasescu. According to the EIB representatives, the bank works in Romania with approximately 50 partners, 11 of which are financial institutions. Tanasescu also specified that the bank will announce a significant loan in November.

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