Romania

SME bureau set up by Volksbank and Chamber of Commerce

Romania s Chamber of Commerce and Industry (CCIR) and Volksbank have jointly launched...

SMEs get Phare backup in view of EU accession

The Ministry for European Integration yesterday launched a new programme aimed at improving SMEs’ competitiveness in view of Romania’s EU accession.

Raiffeisen goes rural with 30m euro loan

Raiffeisen Bank signed a loan agreement for 30m euro, the money being aimed at further developing lending activities for SMEs operating in rural areas.

Factoring -an option to increase exports

Factoring may be a solution to the problem of Romanian exports according to

UNDP and NASMEC unite with a project to support SMEs

SMEs are being given a helping hand through a special 'business incubator' project launched last week by the United Nations Development Program (UNDP) and the...

Coface Intercredit marks 300% growth in two years

Coface Intercredit Romania, one of the country's top risk management companies, insured commercial loans totalling

Fourth SMEs Fair opens

Head of the National Agency for Small and Medium Enterprises, Eugen Ovidiu Chirovici, yesterday opened the fourth SME Fair, which brings together

Romanian Bank for Development nets profits from domestic factoring operations

Factoring activities of the Romanian Bank for Development (BRD) have increased by 200% in comparison to the same period last year. The total turnover resulting from factoring in 2004 was a staggering €121 million of which nearly

Finansbank seeks more funds to support SME and foreign trade loans

Finansbank Romania will increase its loan resources for foreign trade and SMEs by Ђ10m from new subordinated and syndicated loans, according to the bank's vice president Omer Tetik.

Micro-credits more accessible for SME

A normative act that will facilitate access of small- and medium-sized enterprises (SMEs) to micro-credits has been adopted last week by the Government.