EIB Injects €100 Million into Romanian Businesses for Sustainable Growth
The European Investment Bank (EIB) has agreed to provide €100 million in financing to BRD Sogelease IFN SA, a leasing subsidiary of BRD Groupe Société Générale. This new funding will allow small and medium-sized enterprises (SMEs) and mid-caps in Romania to access longer-term finance on favorable terms.
The EIB-backed facility is expected to support companies investing in equipment, expansion, innovation, and other projects that can strengthen their operations. According to Ioannis Tsakiris, EIB Vice-President, access to finance plays a crucial role in business competitiveness as companies respond to a rapidly changing economy.
Around 80% of the €100 million loan is expected to reach businesses operating in Romania's less-developed areas, classified by the European Union as cohesion regions. This will support local employment and wider economic activity.
The partnership also allocates €15 million specifically for green business investments in areas such as energy efficiency, renewable energy, and sustainable transport. This aligns with the EIB's efforts to promote cleaner technologies and more sustainable operations among its clients.