Romania

The European Investment Bank (EIB) will advise the Romanian municipality of Ploiești on green transport projects as part of a Europe-wide push to make urban life healthier for people and the environment. EIB Vice-President Ioannis Tsakiris and Ploiești Mayor Mihai Poliţeanu signed an agreement on advisory support today in the city, which is a major industrial hub 56 kilometres north of Bucharest.

The European Investment Bank (EIB) Group, which comprises the European Investment Bank (EIB) and the European Investment Fund (EIF), supported climate action, infrastructure, energy transition, and small businesses, while also focusing on urban sustainability and innovation. The EIB Group reaffirmed its strong commitment to Romania in 2024, with new financing of €2.49 billion to foster the country’s sustainable economic development. This financing unlocked a total of around €5.27 billion in investments through the leveraging effect, equivalent to a 1.5 % of the country’s GDP. (The EIB Group usually finances only a portion of a project, crowding in additional investors. “Investment supported” refers to the total amount invested in projects that receive EIB Group financing.)

The European Investment Bank (EIB) is committing up to €30 million to a major wind-power project in Romania, accelerating the country’s green transition and energy independence. The EIB support will co-finance a planned second onshore wind farm in Pestera, a village near the city of Constanta on Romania’s Black Sea coast.