EBRD adopts new strategy for Romania
Filed Under: Business, Politics | Posted: 05/12/2008 at 8:25AM
Comments | Region: Romania
The European Bank for Reconstruction and Development Bank (EBRD) adopted a new investment strategy for Romania which outlines its three years time priorities, an official press release of the bank informs. Thus, EBRD investments will focus on the private sector and on energy and infrastructure.
EBRD investments in key sectors will focus on production activities to support Romania’s development as a European Union member state, the press release adds. EBRD will offer local private companies its support to become more competitive and be able to develop more. Thus, the institution will take up high risks and will participate in their capital to improve their restructuring and development.
The press release informs that the bank will target mostly rural based companies in order to encourage regional integration, to create more jobs and stimulate Romania’s economy. EBRD will also get involved in the energy sector and will support the infrastructure development.
Until now, EBRD invested some 3.5 billion euro in 248 projects in Romania and had a say in the mobilization of 6.5 billion euro from foreign sources.