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The European Investment Bank Role In Financing Romania’S Economy

Author

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  • Alina HAGIU

    () (Faculty of Economics, University of Pitesti, Romania)

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.

Suggested Citation

  • Alina HAGIU, 2014. "The European Investment Bank Role In Financing Romania’S Economy," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 13(1), pages 30-39.
  • Handle: RePEc:pts:journl:y:2014:i:1:p:30-39
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    More about this item

    Keywords

    growth; financing; knowledge economy; development; strategy.;

    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts

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