| EBRD supports construction sector in Romania |
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Local currency loan to Lafarge Ciment (Romania) S.A. also gives boost to smaller local firms In response to the impact of the global crisis on the Romanian construction sector, the EBRD is supporting Lafarge Ciment (Romania) S.A., one of the three leading cement producers in Romania, with a €20 million loan in Romanian lei to finance the company’s operations and to support its working capital requirements. The seasonality of the construction sector and the shortage of available commercial lending to the building material sector have had a significant impact upon Lafarge Ciment (Romania) S.A. cash flow. By this important action, the EBRD actively supports a long-lasting client to maintain its performance. In addition, the EBRD funds will enable Lafarge Ciment (Romania) S.A.to continue to support its customers and suppliers, which is even more important in the current economic conditions |
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