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More difficultty in access financing, lower exports and lower demand in the local market are just some of the effects of the economic crisis on small and medium enterprises (SMEs) highlighted by the National SME Council. (more…)
The Romanian President expressed his confidence in the country's banking system and is encouraging local business to turn to banks…
#bank#banks#crisis
Romanian government approves loan guarantee extension as the needs of SMEs expand (more…)
Mihaela Dimitriu, Director of BRD Groupe Societe Generale, examines the state and development of the Romanian factoring industry. (more…)
Compania de Factoring plans to borrow €10m in the first quarter of 2009 to finance contracts agreed with SMEs (more…)
#bank#banks#funding
Banca Transilvania, parent company of Compania de Factoring - Romania s largest factoring company, is expected to announce a 32 percent…
#bank#banks#financial institutions
Establishing a fund worth EUR1bn to support SMEs is one of the main measures being considered by the Finance Ministry to counter…
#bank#guarantee#smes
In a response to the severe impact of the global economic slowdown, the EBRD is stepping up its support for SMEs…
#bank#funding#small businesses
The factoring market recorded a positive evolution this year, with y-o-y growth of 40%, however the negative influences of the…
#bank#management#recession
Demand for trade credit insurance rose by 50% in October (more…)
#Allianz#bank#insolvency
More expensive credits and companies limited access to banking loans will lead to a 30% advance of the factoring market…
Financial sector companies increased their capital by more than EUR320m in the first seven months of the year, according to…
Banca Romana de Dezvoltare (BRD), Romania's second-largest bank in terms of assets, had factoring operations worth RON 1.1bn (€300m) in the…
#bank#ING#international