SMES
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Banca Transilvania Gets EUR150M In EIB Money
Romanian lender Banca Transilvania (TLV.RO) will receive EUR150 million from the European Investment Bank (EIB) to finance projects carried out by small- and medium-sized enterprises (SMEs),...
Small Romanian Businesses Need EUR2M Sales To Secure Profit
Just one third of the nearly 520,000 small and medium-sized companies that operated in Romania last year managed to rake in profits of above EUR1,000 at the end of the 12 months.
Romanian SME Minister Proposes Law For “Business Angels”
Romania’s minister for SMEs, Florin Jianu, a former businessman, wants to find other funding sources for the development of small and medium-sized businesses beside EU funds and the state bu...
Romania, At EU’s Periphery By Number Of SMEs
Small and medium-sized enterprises (SMEs), the sector that is supposed to fuel the economic growth, are a priority only in politicians’ statements. In figures, Romania ranks 26th in the EU b...
Piraeus Bank Romania Opens Third Business Center For SMEs
Piraeus Bank Romania, a unit of Greece’s second-largest bank Piraeus Bank, Thursday said it opened its third business center, in southern city of Ploiesti, which will serve small- and medium...
Romania Eyes 40% Increase In Number Of Active SMEs By 2020 – Draft
The government wants the number of small and medium-sized enterprises (SMEs) active in Romania to increase by over 40% by 2020, to 670,000 firms expected to employ 3.2 million people, compar...
ARB: Insolvent Companies Have Outstanding Arrears Of EUR25B
Romanian insolvent companies owe an estimated EUR25 billion in overdue debt to the state, local banks and to other companies, the Romanian Banking Association, or ARB, said Friday.
Visa: SMEs In Romania Use Cash For Nearly 80% Of Business Payments
Small and medium-sized enterprises (SMEs) in Romania use cash for nearly 80% of their business payments and only 8% use cards, according to a survey conducted by Visa Romania, which also sho...
SMEs Minister Concerned Over High Number Of Companies Closed Down
The Romanian Ministry for SMEs plans to check over the companies closed down lately, to determine the factors responsible for this situation and find solutions, given the high number of comp...