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EBRD President Renaud-Basso on virtual visit to Romania

By Olga Rosca

  • Meetings with government authorities, the business community and civil society
  • Focus on Romania’s post-Covid-19 recovery and supporting investments
  • With a more enabling business environment, Romania could become one of EBRD’s top investment destinations

EBRD President Odile Renaud-Basso will pay her first official visit to Romania on 10 and 11 May in virtual format, meeting with the government, private sector, international financial institutions and civil society.

The EBRD President will make use of digital platforms, which have profoundly reshaped ways of working and international relations over the past year.

The meetings will focus on Romania’s post-Covid-19 recovery and the ways the EBRD’s investments can support this rebound and complement European Union funds.

Speaking ahead of her meetings, President Renaud-Basso said: “Despite the ongoing pandemic, Romania is one of the fastest-growing economies in the European Union and has huge potential to unleash in the infrastructure sector and reform of state-owned enterprises. With accelerated reforms and increased project implementation capacity, Romania could become one of our top investment destinations.”

So far in 2021, the Bank has signed investment projects worth a total of €127 million in Romania; it delivered €340 million in financing for the country’s economy last year. The EBRD’s focus in Romania is on financing infrastructure, especially in less-developed regions, boosting private-sector productivity and advancing financial-sector and capital-market development.

The EBRD is a leading institutional investor in Romania and has invested almost €9 billion in the country to date, with 76 per cent of that in the private sector.

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