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Please be informed that the European Bank for Reconstruction and Development (EBRD) country strategy for Romania is now available on our web site at http://www.ebrd.com/about/strategy/country/romania/index.htm The main operational objectives will be: Infrastructure and energy
development Continue to support the
infrastructure and energy development particularly through the transfer to
private ownership and commercialisation of the energy utilities. Support the
government's efforts to utilise PPP financial structures to address the
investment needs in the infrastructure sector and to prioritise infrastructure
development designed to address regional integration. In particular, in the
energy and energy efficiency sector, priorities will be to provide support for
the key transition challenges relating to electricity generation and
distribution companies; gas production, transmission and distribution companies;
oil and oil products transportation companies; and market operation, especially
in the context of the SEE regional energy market. The Bank will seek to work with
strategic investors interested in the privatisation of energy companies. The
Bank will be active in its policy dialogue with stakeholders (regulatory bodies,
government institutions, and energy companies) in order to ensure that regulated
sector segments set tariffs in accordance with a transparent and formula-based
methodology, independently of political interference. The creation of a Regional
Energy Market in South East Europe is a priority. The Bank is ready to finance
the required infrastructure and to provide credit support required to operate
the electricity market and facilitate trade. The Bank will continue to explore
opportunities for energy efficiency components in all its projects, particularly
in energy-intensive sectors. It will consider extending credit lines for
sustainable energy projects (energy efficiency and renewable energy) in
combination with technical co-operation and bilateral co-financing. Also, in the
municipal and environmental infrastructure sectors, the Bank has a strong
reputation as a provider of municipal finance as a result of its work in
supporting the institutional capacity, the corporatisation and commercialisation
of local utilities and the decentralisation of public finances. The broadening
of such high standards will be a key priority. The forthcoming regionalisation
in the water sector will enable the Bank to work with existing clients to extend
their operations into smaller cities. The Bank will continue to provide finance
to support Accession-related projects with strong transition impact. The Bank
will seek to build on existing relationships to move into new segments which
will include urban transport, regional roads, municipal parking, district
heating and solid waste management. Private sector Continue to support the private
sector together with foreign and local investors. The Bank will continue to
enhance FDI flows while also supporting local enterprises to help them expand
their businesses and improve their competitiveness. The main tools the Bank will
use in the corporate sector will be equity and quasi equity, LT local currency
funding and commercial co-financing. Special attention will be given to the
agribusiness sector, in particular to food and food processing companies needs.
The Bank will continue its support to the improvement of the investment climate
through continuing high level policy dialogue. Financial intermediaries
Contribute to the broadening and
deepening of financial intermediation through strengthening financial
intermediaries and facilitating the availability of a wide range of financial
products. The Bank will also place increased emphasis on lending in local
currency and developing local capital markets. Additional objectives
In achieving its objectives the
Bank will also contribute to strengthen the administrative capacity of the
Romanian public administration and local authorities to absorb both the pre- and
post accession funding in close co-operation with the EU and the EIB under
JASPERS (Joint Assistance for Preparing Projects in European Regions).
Finally, the Bank will ensure
that all operations in
*** sustineti [romania_eu_list] prin 2% din impozitul pe 2005 - detalii la http://www.doilasuta.ro ***
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