
EUGEN TEODOROVICI:"CEC Bank or Eximbank, turned into a bank for Romania's development"
ALINA TOMA VEREHA (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 17 iunie 2014
Romania could have a bank for development by turning CEC Bank or EximBank into one, Eugen Teodorovici, the minister of European Funds, said yesterday. He explained: "Such a decision must be made by the Ministry of Public Finance and is being reviewed by the Government. Many European countries have that kind of banks. The benefit of having such an institution is that we can get it involved in the process to finance projects which use European funds. With the bank for development involved in the process, we can directly access the funds and shorten and simplify the procedures".