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February 9, 2023

EIB provides EUR 300 M for rural development in Romania

The European Investment Bank (EIB) has signed a loan contract to provide in total EUR 300 million to finance priority projects under the Romanian Rural Development Programme for 2007-2013, particularly forestation, improvement of forest management and protection and small-scale rural and agricultural infrastructure investments, a press release informs. Mihai Tanasescu, EIB Vice-President responsible for lending operations in Romania, commented:  The project will generate employment in Romania’s rural areas, increase the use of renewable energy resources such as biogas and biomass and reduce surface and groundwater pollution from animal husbandry. The Ministry of Agriculture and Rural Development of Romania is the promoter of this project while public and private entities receiving support from the Romanian Rural Development Programme, including SMEs, will be the final beneficiaries of the EIB loan.

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