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President Traian Basescu to discuss credit for Ford and Renault with EIB officials

de Radu Rizea
Joi, 19 martie 2009, 13:11 English | Business

Romania president Traian Basescu, participating on Thursday in a meeting with the European Investments Bank officials in Luxembourg, declared that the credit for the Ford and Renault operations in Romania will be one of the topics in the meeting. The Romanian Government must guarantee for 80% of the loan in both cases.

Basescu added that another topic will be the financing for Small and Medium Enterprises (SMEs), as well as the technical assistance for preparing the financing projects.

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