EBRD to invest over EUR 1 bln in Romania in next 3 years
2012-03-30 11:51:58
The European Bank for Reconstruction and Development (EBRD) will invest around EUR 400-500 million annually, in Romania, over the next three years, in credit lines for SMEs, energy efficiency projects, infrastructure and the development of capital markets, according to a new strategy for the country.
The three-year strategy recently approved by EBRD’s Board of Directors notes that Romania has a strong long-term growth potential, but the outlook is uncertain on the short term.
EBRD wants to expand its activities in the municipal infrastructure sector, calling for public sector involvement in both transport and municipal public services. The bank will also help Romanian authorities find co-financing sources for EU projects.
“The EBRD expects to continue to invest in Romania around EUR 400 – 500 million annually over the next three years, with the overall objective to help Romania’s economy develop further,” said Jean Marc Peterschmitt, EBRD managing director for Central and South Eastern Europe.
In energy and infrastructure, the Bank wants to improve Romania’s energy security and assist state-owned enterprises (SOEs) in privatizations. The Bank will also finance investments in renewable energy projects.
Since the beginning of its operations in Romania, the EBRD has committed over EUR 5.5 billion in Romania’s economy, triggering additional investments close to EUR 10 billion.