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Romania

Coface report continued increase for 2010

Coface Romania has reported an annual turnover of 8.28 million for the year 2010. (more…)

#guarantees#receivables#risk

More then 11,000 businesses go bust, 1st quarter of...

More then eleven thousand companies in Romania were in insolvent during the first quarter of this year. To be precise,…


Credit insurers meet less then 10% of the market...

In 2009 the growth of claims due to the non-payment of account receivables has reached 150% on the previous year,…

#AON#bonds#payment terms


Raiffeisen Bank Romania posts half year profit

Raiffeisen Bank S.A. posted a net profit of 49.98 million for the first half of 2010 and an operational profit…


Millennium Bank gains EBRD credit line for on-lending to...

The EBRD is increasing the availability of financing to the real economy in Romania with a 20 million credit line…

#bank#European Commission#smes


EximBank offers exporters receivables finance solutions

Romania s EximBank is offering Romanian exporters a range of receivables finance based products to provide working capital and (more…)

#exporters#exports#guarantees


Coface warns insolvencies could rise in Romania

Insolvencies in Romania could rise 63 per cent this year, according to ratings agency Coface. Coface told (more…)

#insolvencies#insolvency


Commerce and construction the source of most bankruptcies, according...

According to a survey by Coface Romania on the sector distribution of bankruptcies in 2009, over 18,000 companies became SEND US…


EximBank offers receivables financing loans to exporters

EximBank has prepared an exporter package offering loans to finance receivables against invoices or  SEND US YOUR NEWS (more…)


Bankruptcies up 27 per cent in 2009

A study by trade credit insurer Coface has found that bankruptcy filings in Romania increased 27 per cent in 2009,…

#insolvency#management#recession


Piraeus Bank Romania enters factoring market

The Romanian branch of Piraeus Bank has entered the factoring market with the launch of a product targeted at (more…)


Local factoring market contracts 28 per cent

Romania s local factoring market contracted 28 per cent in 2009, with the market s value dropping to (more…)

#conference#management#receivables

Bank of Cyprus invests in Banca Transilvania

Bank of Cyprus has announced that it has acquired a 9.7 percent stake in Banca Transilvania, the parent bank of…

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