EBRD Delegation Visits Romania

07.15.2014 By Bogdan Neagu

A delegation from the European Bank of Reconstruction and Development’s Board of Directors is on a four-day mission in Romania, the bank said in a statement Tuesday.

The group will visit the capital Bucharest and nearby counties of Buzau and Ialomita, EBRD said.

“The visit is part of a regular series of consultations that enable EBRD Directors to better understand the priorities for the local economy and to maintain close dialogue with Romania’s authorities, private sector and civil society.”

During their visit the Board Directors, together with the EBRD’s Director for Romania James Hyslop, will meet Romanian President Traian Basescu, Prime Minister Victor Ponta, Minister of Finance Ioana-Maria Petrescu, Minister Delegate for Budget Liviu Voinea, Minister for European Funds Eugen Teodorovici and Governor of the National Bank of Romania Mugur Isarescu.

The EBRD delegation will also hold meetings with private sector representatives and associations, partner banks, international financial institutions, the diplomatic community and civil society organizations.

The EBRD is the largest institutional investor in Romania. To date, the bank has invested EUR6.7 billion across 364 projects in diverse sectors including industry, commerce, agribusiness, infrastructure, energy and finance. The EBRD has also mobilized over EUR14 billion for these ventures from other sources of financing.