EximBank Supports An Investment Project In Aquaculture
Bucharest, October 28, 2013- EximBank has financed GIP EST – a company located din Iasi with 3,5 Mln lei to fulfill an investment project amounting at more than 11 Mln Lei, co-financed through the European Fishing Fund.
The recently finalized project consists in the up-grading of a fishing pond located in Chilia Veche, Tulcea county; the project benefited from a non-reimbursable financing line of 6,4 Mln Lei under the Operational Program for Fishing 2007-2013, managed by the Ministry of Agriculture and Rural Development.
”EximBank policy stays focused on supporting the projects co-financed through European funds that contribute to the development of Romanian companies competitive level. We have the experience of such successful partnerships and we add now the project with GIP EST. We want to extend our portfolio with as many projects as this one and we are analyzing other requests in order to support the reaching of the national target regarding European structural funding absorption, a valuable resource generating investments, new jobs and economic development”, said Traian Halalai, President of EximBank.
GIP EST has purchased in 2008 the assets of the Fishing Pond Chilia I and has leased the respective land, the main activity being the carp and plant feeding fish.
”At the time of taking over the assets in Chilia, everything was ruined and the necessary financial effort was significant in order to have today a European level fishing pond. With Exim Bank’s support, through a flexible and technically well documented financing solution, we have been able to implement this modernizing project that allows us to look at producing species with good commercial perspectives, implementing the necessary technological flow for a reasonable use but also at improving the working and safety conditions for the employees.”, said Dorian Marian, General Manager of GIP EST.
EximBank is a specialized institution whose threefold product portfolio focused on financing, guarantee and insurance, enables it to grant assistance to current activities and development of exporters, SME-s and companies involved in projects pertaining to key economic sectors, particularly those contributing to the absorption of EU funds. The Bank has a network of 16 units in Bucharest, Bacau, Brasov, Buzau, Constanta, Cluj, Craiova, Deva, Galati, Iasi, Oradea, Pitesti, Ploiesti, Targu Mures, Timisoara and Sibiu; also, interested companies may access additional information on www.eximbank.ro.
About GIP EST
GIP EST has been established in 1996 with the main line of business in protection/guarding services and production, assembling and selling of electrical components for safety and guarding systems. In time, the scope of the activity expanded and now the company offers complex specific services, having concluded contracts for monitoring, intervention, protection and guarding services with more than 1.500 Moldavian companies. Since 2008, GIP EST has been active also in the domain of aquaculture, starting with the acquiring of the assets of the Fishing Pond Chilia I. More information on: www.gipest.ro