ECONOMY FINANCE&BANKING

EBRD Chairman Chakrabarti visits Romania

Chairman of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti will be in Romania Monday and Tuesday for talks with top officials and business partners.

President Klaus Iohannis on Monday will be welcoming visiting EBRD Chairman at 17:00hrs, EET.

The EBRD chairman is also scheduled to meet Prime Minister Dacian Ciolos, Finance Minister and EBRD Governor for Romania Anca Paliu Dragu, Governor of the National Bank of Romania Mugur Isarescu and other senior government officials to discuss the investment climate, the pace of reforms and the economic outlook for the country.

“This year, Romania’s economic growth is expected to be one of the highest in Europe. We hope that private sector investment will extend to more sectors of the economy, as investor sentiment improves. We also trust that public sector investment will resume and that the country will be able to absorb more EU funds. As a supporter of Romania’s capital market development, the EBRD is hopeful that 2016 will bring new issues of equity and debt. Romania has strong potential and the EBRD stands ready to expand and deepen its activities in the country, responding to the demand for financing,” Chakrabarti is quoted as having said ahead of the meeting in an EBRD press statement.

The EBRD is a leading institutional investor in Romania. It has invested over 7 billion euros in the country to date and has also mobilised more than 14 billion euros from other sources of financing. In 2015, EBRD adopted a new strategy for Romania which sets out investment priorities in the country for the next four years: broadening access to finance, reducing regional disparities through improved infrastructure and enhancing the competitiveness of the private sector.

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