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New Loans for Romania: 400 Million Euros from the European Bank for Reconstruction and Development

Special item in the business magazine of DW-TV on the coming meeting of the EBRD - also broadcast on Romanian television

"In future Romania will belong to the growth countries for the European Bank for Reconstruction and Development (EBRD) - in particular if it quickly implements the necessary reforms for accession to the European Union." commented Norbert Radermacher, director of EBRD on 14 May 2002 during the course of a press conference at Deutsche Welle (DW) in Berlin. On 19 and 20 May over 2,000 investors, financiers and high-ranking government representatives are expected at the eleventh annual meeting of the bank, scheduled to take place in Bucharest this year.

In terms of the overall EBRD portfolio Romania, with approximately two billion euros of loans and participatory financing, ranks third. "It is certainly conceivable that the EBRD will provide approximately 400 million worth of funding per year in Romania", commented Rademacher. This will be all the more probable if Romania steps up the privatisation of corporate heavyweights.

The financing of small and medium-sized enterprises will still remain a growth sector, and another focal point will be financing infrastructure, especially in the local authority sector. Last week the EBRD board of directors approved two projects, both for the city of Bucharest - one for improving the water supply and the other for improving district heating.

On the occasion of the annual meeting of the EBRD DW-TV, German international television, will broadcast a special edition of its business magazine "Made in Germany" on 16 May 2002. This will present projects the bank is supporting in Russia, Romania, Poland and the Czech Republic.

The programme will be taken over by the first Romanian television station TVR and broadcast the same day in the "Euroatlantica" time slot at 10.50 p.m.

"Deutsche Welle regards itself as a communications mediator in a European dialogue", noted DW director Erik Bettermann during the press conference. "We are making our contribution to supporting the transformation process in Central, Eastern and Southern Europe." At the same time Bettermann pointed out that the company had a new profile, which he said had been developed for the strategic positioning of Germany's international broadcasting. This involved DW aiming its programmes more intensely towards the integration of Europe - beyond the confines of the EU.

14 May 2002
072/02

Christoph Jumpelt

Christoph Jumpelt

Head of Corporate Communications and Spokesperson

T. +49.228.429-2041
christoph.jumpelt@dw.com

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