BANCI | ENGLISH

EIB provides EUR 300m of co-financing to Romania for environmental projects supported by EU Funds

Autor: Bancherul.ro
2016-06-17 10:13

Cristian Popa, EIB Vice-President

The European Investment Bank (EIB) is lending EUR 300 million to Romania in support of priority environment sector projects under the Operational Programme Large Infrastructure during the 2014-2020 EU programming period, said the bank in a statement.

Mr Cristian Popa, EIB Vice-President, commented: “The EIB loan will co-finance priority projects with a total value of some EUR 4.5 billion, contributing to an increase in Romania’s utilisation of EU grants. The operation will support the implementation of projects relevant for compliance with key EU directives regarding the water and municipal solid waste management sectors, delivering on climate action and environmental protection while at the same time contributing to sustainable development that translates into enhanced living standards. This is the first operation in a pipeline of diversified projects that the EIB and Romanian authorities are working on, including transport, rural development, support for small and medium-sized enterprises, and competitiveness-related investments.”

Ms Anca Dragu, Romanian Minister of Public Finances commented: “The signed financial contract is proof of the good cooperation between Romania and the EIB, which provides ongoing support for increasing the absorption of EU funds and achieving the conditions to which our country committed when joining the European Union. We pay careful attention to the environment and, through this loan, we will partially cover the state budget contribution to projects related to water, wastewater, waste management, protection and conservation of biodiversity, restoration of degraded ecosystems and climate change adjustment.”

The EIB financing is being granted in the form of a Structural Programme Loan. In addition to large-scale infrastructure projects, the EIB loan may also be used to finance smaller schemes, which, due to their limited size, would otherwise not qualify for direct EIB financing.

This loan is a continuation of the EU bank’s support for strategic priority investments under EU Operational Programmes in Romania, following the EUR 1 billion National Strategic Reference Co-financing loan for Transport and Environment projects provided under the 2007-2013 programming period.

The EIB technical assistance initiative JASPERS (Joint Assistance to Support Projects in European Regions – provided jointly by the EIB, European Commission and EBRD) has contributed to the preparation of some of the long-term development strategies underlying the selection of projects to be implemented with funds from this loan, thus verifying and ensuring the consistent quality of the projects to be implemented.

Background information:

The EIB is the EU bank, the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

Since the start of EIB operations in Romania the Bank has cumulatively provided some EUR 10.7 billion of loans including the loan signed today, representing approx. 6.7% of Romania’s estimated 2015 GDP.

Taguri: reclamatie banca Unicredit Consumer Financing European Investment Bank (EIB)

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

21.11.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Dindar Bactali, membru al Consiliului de Supraveghere
Erste Asset Management

... vezi profil

Toate Profilele

Profil de Banca

CPBR

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

LOAN OFFER
Buna ziua Aceasta pentru a informa publicul larg că oferim împrumuturi celor care au nevoie de ... detalii
!
Greu cu limba romana! Ce legatura are cuvantul "ecosistem" din limba romana cu sistemul de plati ... detalii
Bancnote vechi
Am 2 bancnote vechi:1-1000000lei;2-5000000lei Anul ... detalii
Bancnote vechi
Numar de ... detalii
Bancnote vechi
Am 3 bancnote vechi:1-1000000lei;1-5000lei;1-100000;mai multe bancnote cu eclipsa de ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126