March 22 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it is considering an equity commitment of up to 15 million euro ($16.2 million) towards the Romanian Booster Capital Fund SCS, aimed at fostering long-term capital growth in small and medium enterprises (SMEs) across southeastern Europe.
The Booster Capital Fund will focus on making equity and equity-related investments in SMEs across countries like Romania, Hungary, Bulgaria, Croatia, and Slovenia, the EBRD said in a project summary document disclosed on Thursday.
The investment by the EBRD is expected to provide essential long-term risk capital to SMEs, enhancing their competitiveness and bolstering the resilience of the domestic financial sector, the lender said.
The transaction is currently in a "concept reviewed" status.
($=0.924429 euro)