“Until the end of June we had invested in Romania about €250 million and by year-end I expect the amount to reach €350-400million,” said Gacek. Whereas in the interval 1992-2000, the activity of European Bank for Reconstruction and Development had focused on co-financing in the public sector, about 70% of the co-financing supplied by the international financial institution is now directed towards the private sector.
Since 1992, EBRD invested in Romania €3.5 billion ($4.77 billion) whereas the co-financed amounts exceed €6 billion in about 175 investment projects. The bulk of the EBRD investments are in the financial-banking sector – about €990 million, followed by industry with €499 million, transport infrastructure with €440.3 million, and telecowith over €425 million. (people.com)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
