The EU Commission approves €1.6B Romanian measure to capitalise new investment and development bank

State aid: Commission approves €1.6 billion Romania measure to capitalise new investment and development bank* The European Commission has approved, under EU State aid rules, a €1.6 billion Romanian measure to set-up the Romanian Investment and Development Bank (‘the Bank'). The Bank aims at supporting economic and social development, competitiveness, innovation and growth across Romania's economy. The Romanian measure Romania notified to the Commission its plans to set-up of a national development bank with initial capital of up to €1.6 billion (RON 7.9 billion). The Bank will be established as a fully State-owned entity, with the Ministry of Finance as its shareholder, and will act under the supervision of the National Bank of Romania.