New financial guarantee agreement signed in Romania

Romania’s Libra Internet Bank has signed an agreement with the European Investment Fund (EIF) through Creative Europe's Cultural and Creative Sectors Guarantee Facility. This is the third agreement to be signed under the fund, following Spanish and French agreements announced in January.

The support allows Libra Internet Bank to offer loans of RON 45 million (c. €10 million) to small and medium-sized companies in the creative and cultural sectors over the next two years. More than 200 companies are expected to access these loans.

Cultural and creative sector companies interested in applying for the financial products made available through this strand must contact the financial intermediaries selected in their respective countries directly for more information.