Romania

The EBRD has announced an increase in funding with a particular focus upon Romanian SMEs access to capital.

Despite previous government funding promises, Romanian SMEs are facing slashed funding this year.  

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.

The Romanian President expressed his confidence in the country's banking system and is encouraging local business to turn to banks for funding. 

Romanian government approves loan guarantee extension as the needs of SMEs expand

Mihaela Dimitriu, Director of BRD Groupe Societe Generale, examines the state and development of the Romanian factoring industry.

Compania de Factoring plans to borrow €10m in the first quarter of 2009 to finance contracts agreed with SMEs

Banca Transilvania, parent company of Compania de Factoring - Romania s largest factoring company, is expected to announce a 32 percent year-on-year increase in profits

Establishing a fund worth EUR1bn to support SMEs is one of the main measures being considered by the Finance Ministry to counter the crisis

In a response to the severe impact of the global economic slowdown, the EBRD is stepping up its support for SMEs in Romania via a EUR100m loan