15 million euro for Romanian SMEs in agriculture thanks to the European Investment PlanAugust 2, 2016
Hat: The European Investment Bank will 15 million euro for Romanian SMEs in agriculture thanks to the European Investment Plan
Funding Scheme: 2016-08-02
Pgm2014 2020: Yes
The European Investment Bank (EIB) will lend 15 million euro to Agricover Credit IFN, currently the only financial institution in Romania focused exclusively on financing farmers and their projects.
This loan will finance small projects implemented by SMEs in the agricultural sector. This loan aims to remedy to the lack of financing for Romanian agricultural SMEs and therefore contribute to a better awareness of Romania’s agricultural potential.
This is the first time Romania will benefit from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe.
Url description: Press room - European commission