ROMANIA ASSISTANCE
March 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Union (EU) is signalling growing confidence in the ability of Romanian public authorities to handle complex large-scale utility projects, through the award of loans and grants for development schemes. Romanian administrative standards have been criticised in the past few years for holding up the country's progress towards joining the EU. But, announcing a Euro 6 million loan to water utility Regia Autonoma Apa-Canal, the European Bank for Reconstruction and Development (EBRD), said: "The loan is a strong signal of the EBRD's growing ...
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