EBRD launches InvestEU programme in Romania’s financial sector
The European Bank for Reconstruction and Development (EBRD) officially launched today its InvestEU Portfolio Risk Sharing Facility in Romania, marking a major step forward in mobilising sustainable private and public investment across the country.
Through its InvestEU guarantees, the EBRD expects to mobilise new green financing by banks of more than €270 million for Romanian individuals and businesses, ensuring much-needed energy savings and carbon emissions reduction.
The guarantees will be available to a wide range of borrowers - from private individuals to large corporates – and will unlock funding for projects focused on energy-efficient buildings and sustainable transport. For Romanian households and businesses this translates into improved financing terms, reduced collateral requirements and more opportunities to invest in sustainable growth.
Alongside the guarantees, EBRD will also provide to local banks and final borrowers comprehensive technical assistance funded through the InvestEU Advisory Hub.
LIBRA Internet Bank is the first bank onboarded to the programme in the country, with more local financial institutions expected to join the programme in the near future.
InvestEU is a flagship initiative of the European Union aimed at supporting strategic investments in sustainable infrastructure, research, innovation and digitalisation, small and medium-sized businesses and social investment and skills. It provides a guarantee mechanism to unlock financing that might not otherwise be available, focusing on projects that promote long-term growth and resilience.
The EBRD is one of the leading implementing partners of the InvestEU Programme and deploys portfolio risk-sharing instruments for financial intermediaries across the EU economies where it invests. By working with local financial institutions and market players, the EBRD ensures that InvestEU support is delivered efficiently and is aligned with local needs and opportunities. The EBRD’s InvestEU guarantees and advisory support in Romania are financed by the country’s Recovery and Resilience Facility, which the Romanian government has contributed to the InvestEU programme’s Member State Compartment for Romania.
Romania joins Bulgaria, Croatia, and other EU markets in rolling out the programme, and this launch event marks the start of a new phase aimed at closing the sustainable investment gap and accelerating its green transition.
Speaking at the launch event in Bucharest, EBRD representatives highlighted the importance of strong partnerships with Romanian banks, businesses and the government in delivering the full potential of this programme.
The EBRD has been a long-standing partner of Romania in supporting private sector development and sustainable growth.
The Bank is a major institutional investor in Romania with more than €12.4 billion invested in 589 projects to date.
Other News
EBRD announces settlement with Turkish company Onur
21.05.2026.17:53
The European Bank for Reconstruction and Development (EBRD) has announced a sanction of 3 years and 3 months on Turkish construction company ONUR Taahhüt Taşımacılık İnşaat Ticaret ve Sanayi A.Ş. (Onur) and its 53 subsidiaries. The settlement was reached in connection with a collusive practice relating to an EBRD-financed project in Ukraine.
The settlement provides for a debarment period of 1 year and 3 months, followed by a 2-year period of conditional non-debarment.
An investigation by the EBRD’s Office of the Chief Compliance Officer (OCCO) found an improper arrangement that aimed to secure the award of the contract to Onur in violation of the EBRD’s Procurement Policies and Rules. Under the EBRD’s Enforcement Policy and Procedures this constitutes a collusive practice in connection with an EBRD-financed project.
The settlement agreement provides for a reduced sanction, taking into account mitigating factors, including Onur’s admission of culpability, its cooperation with OCCO during the settlement process and the steps taken to strengthen its compliance programme. Onur’s sanction was significantly reduced further in light of a lengthy period of suspension previously imposed on Onur by the EBRD.
During the debarment period, Onur and its 53 subsidiaries are ineligible to participate in projects financed by the Bank.
This is part of a settlement agreement under which Onur admitted culpability for the underlying prohibited practice and agreed to meet specified conditions in order to be released from the conditional non-debarment.
Following the debarment, Onur will be eligible to participate in EBRD-financed projects during the conditional non-debarment period, subject to continued compliance with the terms of the settlement agreement and to ongoing cooperation with the EBRD.
Under the terms of the settlement, Onur has agreed to further enhance its compliance programme and to report on its progress through an independent consultant for a period of 2 years as a condition of release from the sanction. Onur will also conduct compliance audits to mitigate integrity risks across its activities and perform an internal investigation related to the EBRD-financed project.
In case of non-compliance with the conditions of the settlement, the conditional non-debarment will convert into an additional 5-year debarment period, in accordance with the terms of the settlement agreement.
The 1-year-and-3-month debarment qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions signed on 9 April 2010.
About OCCO
OCCO plays a central role in the EBRD’s commitment to integrity through its mandate to investigate prohibited practices in EBRD-financed projects. More information on OCCO’s broader mandate and the EBRD’s sanctions system is available on our website.
