about us | newsletter | contact | archive | members area
"Schoenherr has always had a strong client portfolio of Austrian investors active in the region"
Sebastian Gutiu, Schoenherr»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

EIB signs with UniCredit Bank the first loan granted to a commercial bank under the Juncker Plan in Romania

The European Investment Bank (EIB) has signed with UniCredit Bank a loan agreement for 50 million Euro, marking the first financing deal with a local commercial bank to fall under the framework of the European Fund for Strategic Investments (EFSI) in Romania.

2017-11-06 13:03:06

UniCredit Bank will use the loan to finance innovative or riskier projects by SMEs, Mid-Caps, start-ups and companies promoting employment in general and jobs for the young people in particular. UniCredit Bank thus becomes the first Romanian commercial bank to benefit from the support of the EU budget guarantee under the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe, also known as "Juncker Plan".

EIB Vice-President Andrew McDowell said: "The European Investment Bank activity in Romania is gaining traction. We are very happy to team up with UniCredit Bank, a long-standing local partner of the EIB Group, in our strong commitment for the growth of the local economy under the framework of the "Juncker Plan". That comes on top of our traditional financing activities and will give an additional boost to job-creation in this important EU country, by providing long-term, affordable financing to innovative SMEs and start-ups."

UniCredit Bank CEO, Rasvan Radu said: "UniCredit Bank is firmly committed in financing the real Romanian economy. In this context, the new loan agreement and our strong commitment in actively supporting our clients' investments will allow us to further facilitate the development of SMEs, Mid-Caps, start-ups and innovative companies in Romania across different economic sectors, providing easier access to finance at better pricing. A special focus will be in improving access to loan finance for innovative projects compliant to "InnovFin EU Finance for Innovators" initiative backed by Horizon 2020."



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  1650 Views
Daily Info
Openville Timisoara to open in the fourth quarter of 2018

The Openville Timisoara development, the largest mixed-use project in the west of Romania will be opened in the fourth quarter of next year, upon completion of the first phase...

URBB posts record production figure in 2017

United Romanian Breweries Bereprod (URBB) registered a record production figure exceeding two million hectolitres for the period January-November 2017, representing a 10 per c...

Cristian Busu has been reappointed president of Electrica's board

Cristian Busu has been reappointed president of Electrica board, the electric energy supplier. He is a member of the board since 2014 and was chosen in this position during th...

Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro

Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

CTP starts CSR project for the workforce market nearby Bucharest

CTP is starting a social responsibility program that aims to facilitate a series of meetings between high school students and representatives of important companies that are t...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

advertising

More on News
Dragnea: Amendments to the tax code, code of tax procedure to pass under government ordinance

Amendments to the tax code and the code of tax procedure will pass under a government ordinance and will be unveiled after the government meeting, national leader of the So...

Iohannis: Romania has made progress with equal opportunities, needs to speed up gap bridging

Romania's President Klaus Iohannis said that although important progress has been made in Romania in terms of gender equality, the country needs to speed up bridging the ga...

Iohannis: A significant delay in tax measures would be required

President Klaus Iohannis said that a significant delay in the amendments to the tax legislation would be required, adding that the January 1, 2018 deadline for their applic...

PM Tudose: We will shortly come up with new form of split VAT collection

A new form of split VAT collection, which will respond to the requests made in this period by business representatives, will be presented shortly, Prime Minister Mihai Tudo...

Iohannis: Advanced presence on Eastern Flank must be reinforced, especially in Black Sea

President Klaus Iohannis stated on Monday that the advanced presence on NATO's Eastern Flank must be reinforced.

MAE requests Ukraine to adopt necessary measures so that Romanians learn in their mother tongue

The Foreign Affairs Ministry (MAE) announced that it will continue to take steps with the international authorities to signal the negative impact of the legislative amendme...

Former PM Ciolos: We cannot risk Romania's future

Former Prime Minister Dacian Ciolos was present Sunday evening at the protest in Bucharest, on which occasion he argued that he considered joining the manifestations becaus...