FinMin Bolos agrees with EC representatives on capitalization of Eximbak and CEC Bank

 Two important topics were agreed on with the representatives of the European Commission, namely the final details for the approval of the aid scheme for the decarbonisation of industrial production processes and the capitalization of EximBank and CEC Bank, the Minister of Finance Marcel Bolos announced on Wednesday evening."Two important topics, agreed upon with the representatives of the European Commission. 1. The revitalization of the Romanian industry is on the last stretch. Together with the representatives of the European Commission, we finalized the final details for the approval of the state aid scheme for the decarbonization of industrial production processes, an initiative within of the "Romania Produce" program. (...) 2. Also today, I put the capitalization of EximBank and CEC Bank on the agenda, under market conditions, to strengthen their capacity to support the strategic projects of Romanian companies", the minister wrote on his Facebook page.He emphasized that, regarding the first topic, the Romanian authorities have undertaken to support the producers in the metallurgical and chemical industries, pillars of industrial production in Romania, facing major challenges: high energy consumption and the need urgent modernization to remain competitive."The European Commission has also authorized such schemes in Italy and the Czech Republic, which have proven to be very successful. With a budget of 5 billion RON we want to offer direct financial support for the electrification of production processes, the use of green hydrogen and the reduction of fuel consumption energy. It's a practical measure, but also one of vision. Without this support, we risk losing investments and seeing how other countries transform their economies. Thanks to the partners in the team DG Competition for the openness with which they received this proposal", explained Bolos.As to the capitalization of the two banks, the minister of finance stated that "it is an important objective for us to stimulate the competitiveness of Romanian companies on international markets and to encourage investments in sectors with growth potential".