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World Bank Unit Invests $15 Million in Romanian Shipping Company

July 5 (Bloomberg) -- The World Bank’s International Finance Corp. will invest 12 million euros ($15 million) in Transport Trade Services, a Romanian shipping company.

The investment is to help improve shipping and logistics services, especially on the Danube River, and boost trade in the region, IFC said in an e-mailed statement today.

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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