European Commission approves 800-mln-euro scheme to back Romanian companies affected by pandemic
Publicat:On Thursday, the European Commission approved a scheme worth four billion lei (approximately 800 million euros) to support Romanian companies affected by the coronavirus pandemic, informs a press release of the EU Executive. The scheme was approved under the Temporary Framework on State Aid. Under this system, public support will take the form of subsidized loans and state loan guarantees.
The measures will be managed by the development branch of the Export-Import Bank of Romania, EximBank, which will act on behalf of the Romanian state and totally independent of Eximbank's commercial…
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