The European Investment Bank (EIB) is the European Union's financing institution, established by the Treaty of Rome in 1958 with the aim of providing long-term financial assistance for specific capital projects, thus supporting European integration.
Romania became a member of the EIB on 1 January 2007, once the country joined the EU.
The institution's medium-term policy, including the operational priorities, is to be found in "The Corporate Operational Plan", a strategic document approved by the Board of Governors on 20 November 2007 for 2008-10.
According to the Lisbon Strategy, the Bank provides extensive assistance to investment in technology, networks, R&D and innovation activities, under the special programme titled "The Innovation 2010 Initiative".
Upgrading and expanding the Trans-European infrastructure, especially transport corridors, is of the essence for Romania's integration into the EU's single market. The EIB also grants loans for supporting projects aimed at improving environment protection.
From 1991 to end-2007, the EIB and Romania concluded 70 loan agreements for a cumulative value of EUR 5,105.7 million. In 2007, the EIB ensured financing for Romania through 5 projects (in services, municipal utilities, industry, loans extended via commercial banks, etc.) in a total amount of EUR 172,223,500.
Further information is available on the EIB official website.