The EBRD becomes the first international financial institution to open an office in Cluj-Napoca

The European Bank for Reconstruction and Development (EBRD) is strengthening its presence in Romania by opening a new office in Cluj-Napoca, the second largest city in the country. The EBRD is the first international financial institution to open a regional office there, recognizing the considerable potential of its location.

Located in the heart of historic Transylvania, Cluj-Napoca is a gateway to three strategic regions of Romania: the northwest (where it is located), the center and the west. The city has demonstrated its ability to promote high-tech business sectors and is known for its strong information technology (IT) industry and excellent university sector.

The Cluj-Napoca office will mainly support local small and medium-sized enterprises (SMEs) in the region with expert advice, training and access to finance. Through the EBRD’s Small Business Advisory Program (ASB), funded in Romania by the European Union and the EBRD’s Small Business Impact Fund, the Bank has already provided advisory support to over 900 Romanian SMEs, including regional entrepreneurs such as Arobs, Ciserom and Unilact.

The new EBRD office was officially opened on Thursday by Charlotte Ruhe, EBRD Managing Director for Central and South Eastern Europe, Mark Davis, EBRD Regional Head for Romania and Bulgaria, and Nadia Petkova, EBRD Director for Regional Network, Financing and SME Development.

Charlotte Ruhe said: “The opening of our new office in Cluj-Napoca confirms our commitment to Romania. We have supported hundreds of companies across the country through direct and indirect investments, as well as advisory projects, and now we want to increase our support for companies in Transylvania. »

In Romania, the EBRD focuses on financing sustainable infrastructure, boosting private sector productivity by helping private companies develop and upgrade the skills of their workforce, and developing the financial and capital markets.

To date, the Bank has invested nearly €9.7 billion in the country’s economy through 488 projects.

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