Romania is working on a green industrial plan

Romania is working on a green industrial plan designed to encourage emission-free economic sectors, says Florin Spataru, state advisor in the Prime Minister's Chancellery.

The document is in line with the European Union's development strategy and aims to facilitate access to financing for so-called green projects with high added value.

Speaking at the conference "Financial and Banking Market 2025", organized by Bursa newspaper, he said that he wants banks to be involved in this approach.

Florin Spataru: We will have in the second half of this year the so-called Green Industrial Plan of Romania, through which certain economic sectors that can generate value growth in Romania's economy, with somewhat higher multiplication factors, will be financed on the one hand, but also promoted as being bankable. We will create a mechanism through which we will identify these sectors, these projects that will come to the Romanian Government and the European Commission as bankable, and this is what we have discussed with the government so that we can have this interaction with the financial banking system, through which we can establish the ways in which we can finance such projects in the Romanian banking system.

Florin Spataru says that these green projects, which will generate production capacity and jobs, will also contribute to reducing the trade balance deficit and should benefit from certain facilities when it comes to financing.

Translated by: Radu Matei