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.
Currently, the central office in Bucharest is home to 654 employees, the Timisoara office has 270 specialists and the Cluj-Napoca office has 124.
2024 brought a 5% increase in new car registrations and re-registrations, while registrations of imported used cars rose 11%.
The unit in Vernesti is part of the 5th phase of the Romania Eficienta program, supported by OMV Petrom with €7.6 million.
The study shows that data-related issues have caused 55% of the organizations to avoid certain Generative AI use cases.
Softeh Plus will move its headquarters in Timpuri Noi Square starting this spring.