EIB To Lend Up To EUR250M To Romanian Leasing Cos

The European Investment Bank, or EIB, could lend up to EUR250 million to leasing companies in Romania, to fund projects, the EIB announced Friday.

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The credit line would provide long term funding for eligible leasing projects promoted by small and medium-sized enterprises, or SMEs and/or public sector entities.

The funds will be mainly used for small and medium-scale projects consisting of fixed and movable productive assets in industry (including agriculture and agro-industry), commercial services, health and education, energy and environmental protection in Romania.

Within the framework of the credit line, the intermediaries will be requested that final beneficiaries ensure compliance of the sub-projects with EU directives and Romanian regulations, in particular for the award of public sector contracts.

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