EIB Lends 27 Million Euros to Romanian Bucharest Municipality

The European Investment Bank is lending 27 million euros ($34 million) to Romania’s Bucharest municipality for the thermal rehabilitation of residential buildings, the bank said in an e-mailed statement today.

The loan will help reduce the energy consumption of 94 buildings by about 50 percent in the District 4, according to the statement.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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