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THE EUROPEAN INVESTMENT BANK ROLE IN FINANCING ROMANIA’S ECONOMY

Alina Hagiu

Scientific Bulletin - Economic Sciences, 2014, vol. 13, issue 1, 30-39

Abstract: The European Investment Bank contributes to EU objectives by providing long-term funding for specific projects in compliance with the prudential banking regulations. The EIB continuously adapts its activity to recent developments in EU policies. Within the EU, the EIB Group's ambition is to contribute effectively through a selective choice of projects, to the European Union objectives and to mobilize funds from other sources for such projects. The paper aims to present EIB forms of financing Romania’s economy as well as the role and the importance of EIB financing for achieving performance and for developing areas such as innovation and skills, SMEs, climate action and strategic infrastructure in Romania. For doing that we analyzed the Bank’s activity in Romania in the 2009-2013 period.

Keywords: growth; financing; knowledge economy; development; strategy. (search for similar items in EconPapers)
JEL-codes: O19 F53 H81 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pts:journl:y:2014:i:1:p:30-39

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