Romanian regions to get financing support as CEC Bank secures €25 million loan from EIB
Romania, Dec. 16 -- Regions across Romania will receive a financing boost as a result of a €25 million loan that CEC Bank is receiving from the European Investment Bank (EIB). CEC Bank will channel the EIB credit into public-sector projects that promote sustainable economic development, particularly in Romanian regions where the shift to a greener industry is the most complicated socioeconomically.The EIB loan will help Romania promote economic cohesion, ensuring social fairness. State-owned CEC Bank has the largest banking network in Romania, facilitating project funding countrywide. In addition, through its advisory unit, the EIB will help project promoters seek grants under a parallel European Commission programme known as the Publ...
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