Investment Plan for Europe supports businesses in Romania affected by the COVID-19 pandemic

The new cooperation between the European Investment Bank (EIB), European Investment Fund (EIF) and Deutsche Leasing Romania will enable local companies across Romania to benefit from €370 million of additional leasing finance.

The EIB Group support is backed by a guarantee from the European Fund for Strategic Investment (EFSI), as part of the Investment Plan for Europe. The new initiative aims to enhance the resilience of Romanian businesses faced with the impact of the COVID-19 pandemic.

It also aims to increase financing for agriculture and equipment investment, with the majority of borrowers situated in rural areas. The new agreement furthermore includes €25 million of targeted support for climate action investment. Commissioner for the Economy, Paolo Gentiloni, said: “Supported by the Investment Plan for Europe, this agreement between the EIB Group and Deutsche Leasing will make additional leasing financing available to local businesses in Romania. This will particularly help SMEs situated in rural areas to finance specialised equipment they need for their operations, and thus help sustain economic development and jobs in this difficult period.” 

The Investment Plan for Europe has so far mobilised €546 billion of investment across the EU, benefitting over 1.4 million SMEs.

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