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China Development Bank tests Romanian market to open branch

Publicat la 31.07.2007, 12:08:44

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China Development Bank tests Romanian market to open branch
CDB is entirely owned by the Chinese state. The bank voiced interest in the emergent markets of Eastern Europe, Africa, Middle East and Latin America.

The bank has not yet entered the European market and besides Romania, it is also considering to expand in Albania and Greece. The lender's representatives plan to stay in Romania a month and a half, and complete their report.

CDB offers long term loans for infrastructure. The bank was involved in road and railway infrastructure projects as well as in various projects related to the petrochemical industry.

Source: Newsin

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