Marius Cara is the new representative of the EIB Group in Romania

Aurel Dragan 11/03/2024 | 13:14

The European Investment Bank (ElB) Group is announcing that Marius Cara will succeed Lara Tassan Zanin as resident representative of the EIB Group in Romania.

M. Cara was introduced to the Romanian counterparts as the new Head of office of the EIB Group in the country during the visit of the EIB President Nadia Calviño’s to Bucharest, on 8 March.

He is taking over from outgoing Lara Tassan Zanin after her honourable mandate of over five years. The handover is effective 1 March, and M. Cara will be based in Bucharest starting in May this year.

EIB activity in Romania

In total, the EIB has committed more than €19 billion in financing for 193 projects in Romania since the start of its operations in the country in 1991. Highlights from last year’s results include over €2 billion worth of agreements to facilitate access to finance for Romanian SMEs and mid-caps, including in agriculture, over €1 billion for sustainable energy and natural resources, and over €1 billion for sustainable cities and regions.

Like everywhere in Europe and the world, the EIB is supporting a swift and just transition away from fossil fuels. This is necessary to ensure Europe’s energy independence. From financing solar panels on rooftops of industrial buildings, to the rollout of electric vehicle charging stations, and new wind and solar capacity, the EIB Group is making sure that Romania will be a leader in the green transition.