EBRD delegation visits Romania for talks to scale up investment

By Olga Rosca

EBRD delegation visits Romania for talks to scale up investment

A high level EBRD delegation led by Jurgen Rigterink, First Vice President, and Alain Pilloux, Vice President, Banking, arrived in Bucharest today for talks with the Romanian authorities and the business community. Discussions will focus on the investment climate, ways to finance local companies, support the development of infrastructure and increase the flow of foreign investment to the country.

The visit will provide an opportunity to introduce Mark Davis, who will start his new position as Regional Director for Romania and Bulgaria based in Bucharest on 1 April 2019. The delegation is also joined by Charlotte Ruhe, Managing Director, Central and South Eastern Europe, and Matteo Patrone who led EBRD operations during in Romania and Bulgaria between 2015 and 2018 and has recently been appointed Managing Director, Eastern Europe and the Caucasus.

The EBRD is a leading institutional investor in Romania and to date has invested over €8.3 billion in the country. In 2018 alone, it committed over €400 million across various sectors of the Romanian economy.

First Vice President Rigterink said: “The Bank stands ready to further ramp up investment, including through corporate finance, public-private partnerships, infrastructure project finance, privatisation of state-owned enterprises and support for small businesses. I am looking forward to discussing business environment reforms with the government to unlock Romania’s investment potential.”

The three-day visit includes meetings with Prime Minister Viorica Dancila, Minister of Finance Eugen Teodorovici and Central Bank Governor Mugur Isarescu. The EBRD delegation will also hold talks with representatives of the business community.