Tanasescu (EIB): We are considering 500-600 m euros worth loans for Romania in 2013

The European Investment Bank (EIB) is considering to grant to Romania loans worth 500-600 million euros this year, Mihai Tanaescu, Vice President of the EIB stated.

 In end-June, Mihai Tanasescu was saying that the bank considered allotting Romania funds worth between 800 and one billion euros in 2013.

‘The plan didn’t change. There are certain projects that take more time to finalize and I believe that we do not have enough time to finalize them by the end of the year … This amount, of 600 (million euros) is double compared with the one granted last year’, explained Mihai Tanasescu.

According to the EIB representatives, the bank works in Romania with approximately 50 partners, 11 of which are financial institutions.

‘In the future we intend to increase the number of banks participating in this partnership with the EIB. Next year we intent to grant up to one billion euros to this sector’, Tanasescu said.

He also specified that the bank will announce a significant loan in November.

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