The European Bank for Reconstruction and Development (EBRD) has adopted a new three-year strategy for Romania to help develop the Romanian economy.
The plan should see the EBRD invest €400m to €500m per year in Romania over the next three years, in the financial sector, in credit lines for SMEs, energy efficiency projects, infrastructure and the development of capital markets, according to a new strategy for the country.
The EBRD also wants to encourage foreign direct investment capital in the corporate sector and support for local businesses, both through direct investment and private funds, focusing on industry, agriculture and new technologies.
The bank also plans to finance 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.
