The European Investment Fund, a public-private partnership that provides risk finance to lenders to small and medium-sized enterprises (SMEs) in Europe, and Banca Transilvania, a privately-owned Romanian bank, have signed a EUR 7.5 million (USD 10 million) loan agreement under the European Progress Microfinance Facility, an organization that provides grants and funding to microcredit lenders in the European Union.
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Romanian lender Banca Transilvania and EIF have signed a €7.5m loan agreement to fund SMEs
Romanian lender Banca Transilvania and the European Investment Fund have signed a €7.5m loan agreement aimed at supporting micro-enterprises and self-employed entrepreneurs in Romania, the two institutions said in a statement March 20, Mediafax reports.
Read MoreEuropean Investment Fund and Banca Transilvania sign EUR 7.5 mln loan agreement for supporting micro-enterprises in Romania
The European Investment Fund (EIF) and the Romanian lender Banca Transilavnia (BT) have recently signed a EUR 7.5 million loan agreement to give small businesses and entrepreneurs in Romania a helping hand. Funding will come from the European Commission and the European Investment Bank and will be managed by the European Investment Fund.
Read MoreGrasslands More Diverse Than Rain Forests—In Small Areas
In a recent study, biologists scoured data from previous papers about plant-rich ecosystems around the world and discovered that grasslands harbor the most plant species in areas less than 540 square feet (50 square meters).
Read MoreBrits abroad and Johnny foreigner
This week, Premier League chairman Dave Richards falls into Doha hotel fountain pool after claiming „FIFA stole football”, crackpot Steaua Bucharest owner Gigi Becali vows to oust all foreigners, Joey Barton threatens to unleash a horde of deadly animals on a bunch of squatters, Didier Drogba shames himself with a Sergio Busquets impression and all of Lionel Messi’s 50 goals this season in a three-minute clip.
Read MoreVos Logistics and Fencs started employments stages at Cluj
The two Dutch companies which announced the investments at Cluj, started the employment stages , with Vos Logistics expected to employ 150 persons, while Fencs Industries expected to employ 100 personnel, according to officials of the Consulate of The Kingdom of the Netherlands.
Read MoreTAROM announces changes in flights operation, from March 25 to October 27, 2012
The Romanian Air Transport National Company TAROM announces changes in its flights operation, according to the summer 2012 schedule, valid from March 25 to October 27, 2012, the company informs in a press release.
Read MoreSAP Romania expands office space in Bucharest, leases 800 sqm in Timisoara
Business management software solutions provider SAP Romania rented an additional 450 sqm of offices in S-Park office building in Bucharest, where it already occupies 1,400 sqm. The company also renewed its existing lease on the current offices, according to Jones Lang LaSalle, which intermediated the lease.
Read MoreSubway to add second restaurant in Romania, in Cluj’s Iulius Mall
American fast food chain Subway, which announced its Romanian market entry earlier this year, will open a second restaurant in the country in the city of Cluj – Napoca. The unit will be located in the Iulius Mall shopping center in the city, owned by Romanian businessman Iulian Dascalu. Subway’s first restaurant in the country, in Iasi, will be in Palas, a retail project also developed by Dascalu. The Iasi restaurant will open in April this year.
Read MoreGallery Plan B Berlin invests in new spaces
In September 2008, Plan B opened a permanent gallery in Berlin. It is still located in the German city today, but it is investing in a new space on Potsdamer Strasse, number 77-87.
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