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Romania

Debt recovery market to increase by 50% in 2008

The local debt collection market will increase by some 50 per cent in 2008. (more…)

#crisis#debt collection#economy

UNPIR expects rise in bankruptcy among SMEs

There has been a 50 per cent increase in filings for bankruptcy and insolvency in the first year since Romania…


Coface Romania business grows 129 pc in 2007

Coface Romania registered 3.3m in turnover last year, increased by 129% compared to the figure registered in 2006, the company…

#3M#debt collection#insurance


Coface expects turnover to double in '08

Coface estimates its turnover will double in Romania in 2008, up to 6.5m, according to company representatives. (more…)


MEF transfers EURO100m to European Fund for SMEs

The Ministry of Economy and Finances will transfer EURO100m into an account opened by the European Investment Fund. (more…)

#economy#European Commission#funding


Profi Credit enters Romanian market

Profi Credit IFN SA, a member of the Czech financial group Profireal Group, has launched operations on the Romanian market.…


Compania de Factoring to raise EUR15m to boost factoring...

Compania de Factoring, established in 2006 by Bank Viena and Banca Transilvania, has increased share capital. (more…)


SocGen's Romanian unit 2007 factoring operations up 151pc

Romanian Development Bank, BRD, on Thursday reported a 151% rise in the value of its factoring operations. (more…)


Profi Credit enters local market on Feb 5

Profi Credit IFN SA, a member of the Czech financial group Profireal Group, set the official date to launch its…

#bank#poland#trade


Coface Romania targets turnover of EUR 500m in 2008

Coface Romania, local division of French insurance group, Coface, granted 140m in loan insurance in the first eight months of…

#insurance#risk


BCR launches new products for SMEs

Banca Comerciala Romana (BCR) launched three new products for SMEs with an annual turnover of €1.8m. (more…)


Only 14% of SMEs take out loans from local...

Only 14% of SMEs have taken out a bank loan, said First Deputy Governor of the Central Bank, Florin Georgescu.…

Raiffeisen Bank offers promotional credits for SMEs

Raiffeisen Bank has launched a three months with no installments promotion designed for SMEs.   (more…)

#bank#financial services#Raiffeisen

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