Romania has officially joined a European Union initiative aimed at strengthening trade with Ukraine, as Exim Banca Romaneasca signed on to the InvestEU Ukraine Export Credit Guarantee Facility. The program, backed by the European Investment Fund (EIF), is designed to support companies exporting to Ukraine amid the ongoing war and the country\u2019s reconstruction efforts.<\/p>\n
Exim Banca Romaneasca becomes one of ten national export credit agencies across the EU participating in the facility, alongside counterparts in Denmark, Finland, France, Germany, Italy, Latvia, Slovakia, Slovenia, and Spain.<\/p>\n
The initiative offers export guarantees to small and medium-sized enterprises (SMEs) and mid-sized companies doing business with Ukraine, with a total of EUR 300 million in EIF backing. Romania\u2019s share amounts to EUR 43.75 million, which is expected to benefit around 25 exporters, according to the press release<\/a>.<\/p>\n \u201cThis is a real boost for Ukraine\u2019s recovery, a win-win solution for its recovery and the functioning of its economy. It enables EU companies to keep trading and investing in Ukraine when it matters most,\u201d said\u00a0EIB Group president Nadia Calvi\u00f1o.<\/p>\n The facility is intended to mitigate the financial risks faced by exporters and encourage the continued flow of goods and services to Ukraine, including machinery, construction materials, and advanced technologies. It also aims to deepen Ukraine\u2019s integration into the European single market as part of its EU accession process.<\/p>\n \u201cBy participating in this European initiative, Exim Banca Romaneasca\u00a0reaffirms its commitment to supporting Romanian companies that wish to contribute to Ukraine\u2019s reconstruction,\u201d\u00a0said\u00a0Exim Banca Romaneasca\u00a0Executive\u00a0President Traian Halalai.\u00a0\u201cWe strongly believe that the support provided through this financial mechanism will facilitate exporters\u2019 access to challenging yet essential market, while also contributing to the stimulation of regional economic development.\u201d<\/p>\n Ukraine welcomed the EU initiative, viewing it as a vital part of its broader recovery strategy.<\/p>\n \u201cUkraine\u2019s recovery depends not only on international aid, but on restoring and expanding real economic partnerships – partnerships based on trade, industrial cooperation, and shared long-term interests,\u201d said\u00a0Yulia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine.\u00a0<\/p>\n The program was launched in mid-2024 and quickly attracted interest from exporters across the EU. Three more EU Member States are expected to join soon, bringing further support to Ukraine\u2019s embattled economy.<\/p>\n irina.marica@romania-insider.com<\/p>\n (Photo source: L<\/a>skonogaleksey\/Dreamstime.com<\/a>)<\/em><\/p>","protected":false},"excerpt":{"rendered":" Romania has officially joined a European Union initiative aimed at strengthening trade with Ukraine, as Exim Banca Romaneasca signed on to the InvestEU Ukraine Export Credit Guarantee Facility. The program, backed by the European Investment Fund (EIF), is designed to support companies exporting to Ukraine amid the ongoing war and the country\u2019s reconstruction efforts. Exim […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5857","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/5857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5857"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/5857\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}