Romanian factoring market decreases 15pc
Despite a 15pc decrease of factoring market volumes in H1 2013, the nian Association of Factoring expects positive end of the year results.
Despite a 15pc decrease of factoring market volumes in H1 2013, the nian Association of Factoring expects positive end of the year results.
The European Investment Bank (EIB) and BRD Groupe Societe Generale SA have signed an agreement for EUR 100 million to finance projects which will contribute to increasing employment, improving access to financing for Romanian SMEs and boosting the competitiveness of the Romanian economy.
The European Investment Bank (EIB) and ING Bank Romania has signed a loan contract for EUR40 million in Bucharest.
Insolvency specialists, Casa de Insolventa Transilvania (CITR), names five main reasons for business insolvencies.
UniCredit Tiriac Bank s volume of factoring operations amounted to some EUR 796 million in 2012, similar to the level in 2011.
Romania's factoring market has seen significant growth, increasing by 12.8 per cent year-on-year in 2012 to reach a new record level of almost EUR 3 billion.
The International Finance Corporation and Banca Transilvania are expanding their partnership by increasing financing available for small importers and exporters in Romania.
The International Finance Corporation (IFC) and Garanti Bank are joining forces to expand the availability of trade finance for importers and exporters in Romania to help promote economic growth and create jobs.