about us | newsletter | contact | archive | members area
Mihai Patrascu, evoMAG
Competition is beneficial to the end customer»
  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  |  4631 Views
Daily Info
EIB offers Romania 13 billion Euro financing in 25 years

The European Investment Bank (EIB) has granted Romania 13 billion Euro worth of loans since starting its operations in the country, in 1992, according to a report of the insti...

Germanos stores in Romania rebrand into Telekom

Telekom Romania, the second-biggest telecom group on the local market, has started the rebranding process of the Germanos shops into Telekom.

OMV Petrom doubled its profit last year

OMV Petrom had a 2.49 billion RON profit in 2017, more than double than it had recorded in 2016 (1.04 billion RON), according to a report by the company.

Complet Electro Serv appoints Cristian Laza as new CEO

Complet Electro Serv, part of Altex Romania, has appointed Cristian Laza as CEO of Complet Electro Serv, producer and distributor of electric-IT equipments.

Mol Group posts highest profit in a decade in 2017

Mol Group announced its financial results for 2017. Mol increased its EBITDA by 14 per cent outperforming its 2017 target on the back of a strong financial and operational del...

 
 
   
advertising

advertising

advertising

advertising

More on News
President Iohannis meeting Juncker and Tusk in Brussels, modifications in Romanian justice among topics

President Klaus Iohannis is to meet on Wednesday, in Brussels, with President of the European Commission Jean-Claude Juncker and with President of the European Council Dona...

1 Comment

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel ...

Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot ...

1 Comment

President Iohannis: The Romanian society is mature and active and needs a state to match it

President Klaus Iohannis stated, on the occasion of the annual meeting with the heads of diplomatic missions accredited in Bucharest, that the Romanian society is a mature ...

2 Comments

PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take ove...

1 Comment

Iohannis: Romania's progress bound to stable legislation able to punish abuses

Romania's progress is inseparably bound to a coherent, stable legislation able to punish abuses and dishonesty, said President Klaus Iohannis, pointing out that the governm...

4 Comments

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Ro...