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Coface Romania, local division of French insurance group, Coface, granted 140m in loan insurance in the first eight months of activity. (more…)
#insurance#risk
Banca Comerciala Romana (BCR) launched three new products for SMEs with an annual turnover of €1.8m. (more…)
Only 14% of SMEs have taken out a bank loan, said First Deputy Governor of the Central Bank, Florin Georgescu.…
Raiffeisen Bank has launched a three months with no installments promotion designed for SMEs. (more…)
#bank#financial services#Raiffeisen
Small and medium sized enterprises SMEs in Romania will benefit from a new 10m credit line. (more…)
#bank#international#SME financing
The Romanian factoring market is expected to maintain a growth pace of around 40% in the coming years. (more…)
In the first six months of activity, the insurer of French group Coface obtained 600,000 from commercial credit insurance activities.…
MKB Romexterra Bank is targeting a 3.8% SME market share and has signed a collaboration partnership with the Ministry for SMEs, Trade, Tourism,…
The budget of the Ministry for SMEs, Trade, Tourism and Liberal Professions has been increased by 31% for 2008. (more…)
#bank#banks#investment
The EIB approved a €30m credit for BRD Groupe Societe Generale, with the funds intended for financing SMEs and municipalities. (more…)
Eximbank has launched a subsidized interest financing product of up to €1.5m that will last up to five years. (more…)
#bank#interest#investment
According to Coface the number of bankruptcies in Romania grew to 7,500 this year. (more…)
#Commercial Credit#insurance#management
The amount allotted to SME for investments, upgrading and revamping purposes, was increased by RON 35m. (more…)