Finance | 14 March, 2025 at 8:00 AM
EIB funding for Romania nears €10 billion mark since 2020
The European Investment Bank (EIB) Group's financial support for Romania is rapidly approaching a significant milestone.
The European Investment Bank (EIB) Group's financial support for Romania is rapidly approaching a significant milestone.
The European Investment Bank (EIB) is committing up to €30 million to co-finance a major onshore wind farm project in the eastern part of the country, near the Black Sea coast.
Romanian businesses are also on par with other EU-based companies in use of digital technologies, EIB survey shows.
Emerging Markets Climate Action Fund increases to €450 million with final contribution from Germany.
The EIB loan provides long-term funding in euros or Romanian lei at favourable conditions compared with alternatives in the market.
Improving access to safe drinking water, sanitation, irrigation and enhanced flood protection will support the Sustainable Development Goals.
The partnership will develop projects to strengthen climate adaptation by working with nature.
President Nadia Calviño and EIB Group delegation join partners at International Monetary Fund and World Bank Group Annual Meetings in Washington DC.
The investment plans now being developed in these 15 countries, as a phase 1, are expected to make up a significant proportion of that financing effort.
Nearly half of EIB Group lending and investments in European Union last year went to cohesion regions, according to new report.
The agreement signed with the European Investment Bank is supported by the Ministry of Investments and European Projects, through the State aid and de minimis Scheme.
Massive investments, and hence long-term finance, are needed to decarbonise the electricity sector in Central, Eastern and South-Eastern Europe and improve energy efficiency.
Romania was a top beneficiary of EIB financing in 2023, with total financial commitments reaching a record high of €4.1 billion.
The InvestALIM program, designed to support the development of the food industry, will provide funding for 12 projects with a total investment value of over €300 million.
Israel's national airline El Al has announced the signing of a partnership with Romanian state-owned airline Tarom.
Catalyst Romania Fund I has announced the sale of its shares in avocatnet.ro, a Romanian Information as a Service platform specialising in compliance and regulatory insights.
Distribuție Energie Oltenia (DEO), the electricity distribution company part of Evryo Group, has signed a large scale syndicated loan.
Private pension funds in Romania accumulated assets worth RON 156.44 billion (€31.1 billion) by the end of December 2024.