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This loan will finance small projects implemented by SMEs in the agricultural sector. This loan aims to
remedy to the lack of financing for Romanian agricultural SMEs and therefore contribute to a better
awareness of Romania’s agricultural potential.
Commissioner for Agriculture and Rural Development, Phil Hogan, said: "Today's announcement by
the EIB to provide seed finance for agricultural SMEs in Romania is another welcome boost for
investment, jobs and growth in rural areas. It should serve as a template for similar projects in the
pipeline across rural Europe." The EIB has joined forces with Agricover Credit IFN, currently the only
financial institution in Romania focused exclusively on financing farmers and their projects. The EIB
loan will help to address the broader issue of lack of financing for Romanian agricultural SMEs and so
contribute to a better realization of Romania’s agricultural potential... (link)