EIB to put EUR 25m in small businesses in SE Europe
04 December 2007
The European Investment bank (EIB) will put EUR 25 million into an investment fund that will be granting loans to micro-enterprises and small companies, as well as for selected real estate and agriculture projects in a number of SE European countries including Romania. The total value of the fund amounts to EUR 600 million.
The European Fund for SE Europe managed by the German organisation Kreditanstalt fur Wiederaufbau, extends loans to companies and farms in Romania, Bosnia and Herzegovina, farms in Romania, Serbia, Bulgaria, Montenegro and Albania, through qualified financial intermediaries.