Romanian farmers, particularly agricultural micro-enterprises, will benefit from a €25 million financing package following a loan granted by the European Investment Bank (EIB) to Agricover Credit IFN SA under the InvestEU mandate. The funding aims to improve access to credit, boost productivity, and support the adoption of environmentally sustainable farming practices.
Better access to capital for small farms and young farmers
According to the EIB, the partnership with Agricover Credit targets a key sector of Romania’s economy. Agriculture employs more than 20% of the country’s workforce — the highest share in the European Union — and contributes around 4% to GDP.
Read full article here: turnovernews.com
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Photo: The Diplomat
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