ANNOUNCEMENT 16 Sep 2019

In September 2019, the European Investment Bank (EIB) signed a credit line agreement with UniCredit Leasing Corporation IFN S.A. to support investments carried out by Romanian small and medium-sized enterprises (SMEs) and mid-cap companies.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, UCL ROMANIA LOAN FOR SMES AND MIDCAPS III: https://www.eib.org/en/projects/loans/all/20180822
The European Investment Bank, UCL ROMANIA LOAN FOR SMES AND MIDCAPS III: https://www.eib.org/en/projects/pipelines/all/20180822

Inception date: 16 Sep 2019 | Removal date: open ended

State loan

On 16 September 2019, the European Investment Bank (EIB) and UniCredit Leasing Corporation IFN S.A. signed a credit line agreement having a total value of EUR 100 million (approx. USD 110 million). 

The credit line will, through UniCredit Leasing Corporation IFN S.A., support investments carried out by Romanian small and medium-sized enterprises (SMEs) and mid-cap companies primarily in the industry, service, and agriculture sectors. 

In general, the EIB has made financing of SMEs and mid-cap companies a top priority. In this context, the EIB stated: "In 2018 alone, the EIB Group financed SMEs and mid-caps across the globe to the tune of EUR 23.3 billion (EIB Group).

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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