RRI Live!

Listen to Radio Romania International Live

The European Bank for Reconstruction and Development and Romania

The European Bank for Reconstruction and Development (EBRD) remains an important partner of Romania.

, 18.06.2013, 18:14

The EBRD is a strong and reliable partner for Romania. The country is showing clear signs of economic recovery after some tough years, and the EBERD keeps its commitment to supporting Romania’s efforts towards resuming a sustainable economic growth, said the EBRD President Suma Chakrabarti, who came to Bucharest for talks with Romanian officials .



Together with the World Bank and the European Investment Bank, EBRD is running an investment program worth 30 billion Euros, spanning a period of two years, to support economic recovery in Central and South-Eastern Europe. The bank’s contribution, which stands at 4 billion Euros, will mainly go to south-eastern Europe, including Romania, where the institution already invested 600 million Euros in 2012. Bucharest has already obtained over 6 billion Euros, and the most important project that Romania is implementing now with support from the EBRD is the restructuring of the Romanian Railway Company. Here is Romanian Prime Minister Victor Ponta talking about this project:



Victor Ponta: “I believe that the only real chance of restructuring and upgrading the Railway Company is to work together with the EBRD , to use the credit we’ve got from them and, most importantly, to capitalize on their expertise regarding the restructuring of such a big company. It is our government’s commitment to successfully carrying through this project, in collaboration with EBRD, a project that is essential to Romania.”



Suma Chakrabarti talked about the half a billion Euros that the bank is to invest in Romania this year:



Suma Chakrabarti: “There are reasons why we trust this government. They have taken very good measures to control the budget, they have serious reform programs that they wish to implement and, part of this reform program, it is very important that Romania attract more foreign direct investment. We will make our own contribution to this, which translates into 2.5 Euro for each Euro that we invest in a project.”



Bucharest officials continue to count on the EBRD’s support in co-funding projects from structural and cohesion funds, in the restructuring and privatization of state-owned companies, in supporting authorities in the implementation of local projects and in stimulating loaning to small and medium-sized buisnesses. The EBRD, supported by 64 countries and 2 inter-governmental institutions, supports the development of market economies and democracy.

EP and local elections in Romania on June 9 (Photo credits: AEP)
Today in the News Tuesday, 12 November 2024

Preparations for the elections abroad

  After the local and European parliamentary elections, held simultaneously on June 9, Romanians are preparing for an election marathon. They will...

Preparations for the elections abroad
Photo: kschneider2991 / pixabay.com
Today in the News Tuesday, 12 November 2024

Growing trade deficit

The trade balance deficit recorded in Romania in the first nine months of the current year increased by 15%, as compared to the same period of 2023,...

Growing trade deficit
Photo: pixabay.com
Today in the News Monday, 11 November 2024

Central Bank Report on Inflation

The latest report on inflation was approved at the end of last week by the Board of Directors of the National Bank of Romania. According to the...

Central Bank Report on Inflation
Klaus Iohannis, at the EPC summit (Budapest, Hungary)
Today in the News Friday, 08 November 2024

EPC meeting in Budapest

European leaders met in Budapest to discuss security challenges facing Europe, with an emphasis on the situation in Ukraine, as well as the issues of...

EPC meeting in Budapest
Today in the News Friday, 08 November 2024

Romania, from wages to youth unemployment

Data from the Statistical Office of the European Union – Eurostat show that the adjusted average annual full-time salary of Romanians is the fourth...

Romania, from wages to youth unemployment
Today in the News Thursday, 07 November 2024

Reactions to the election of Donald Trump

Many political leaders around the world have reacted by congratulating the Republican Donald Trump, who announced his victory in the US presidential...

Reactions to the election of Donald Trump
Today in the News Thursday, 07 November 2024

Farmers and the Common Agricultural Policy

The Romanian Minister of Agriculture Florin Barbu and the European Commissioner for Agriculture, the Polish Janusz Wojciechowski, who is on formal...

Farmers and the Common Agricultural Policy
Today in the News Wednesday, 06 November 2024

Roxana Mînzatu, endorsed by the Romanian Parliament

Romanian Government’s proposal for the position of European Commissioner in the future Community Executive, the Social Democrat Roxana Mînzatu has...

Roxana Mînzatu, endorsed by the Romanian Parliament

Partners

Muzeul Național al Țăranului Român Muzeul Național al Țăranului Român
Liga Studentilor Romani din Strainatate - LSRS Liga Studentilor Romani din Strainatate - LSRS
Modernism | The Leading Romanian Art Magazine Online Modernism | The Leading Romanian Art Magazine Online
Institului European din România Institului European din România
Institutul Francez din România – Bucureşti Institutul Francez din România – Bucureşti
Muzeul Național de Artă al României Muzeul Național de Artă al României
Le petit Journal Le petit Journal
Radio Prague International Radio Prague International
Muzeul Național de Istorie a României Muzeul Național de Istorie a României
ARCUB ARCUB
Radio Canada International Radio Canada International
Muzeul Național al Satului „Dimitrie Gusti” Muzeul Național al Satului „Dimitrie Gusti”
SWI swissinfo.ch SWI swissinfo.ch
UBB Radio ONLINE UBB Radio ONLINE
Strona główna - English Section - polskieradio.pl Strona główna - English Section - polskieradio.pl
creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti
italradio italradio
Institutul Confucius Institutul Confucius
BUCPRESS - știri din Cernăuți BUCPRESS - știri din Cernăuți

Affiliates

Euranet Plus Euranet Plus
AIB | the trade association for international broadcasters AIB | the trade association for international broadcasters
Digital Radio Mondiale Digital Radio Mondiale
News and current affairs from Germany and around the world News and current affairs from Germany and around the world
Comunità radiotelevisiva italofona Comunità radiotelevisiva italofona

Providers

RADIOCOM RADIOCOM
Zeno Media - The Everything Audio Company Zeno Media - The Everything Audio Company