93,000 companies have benefited, so far, from financing through the IMM Invest program, starting on June 1, 2020, Dumitru Nancu, the general director of the National Credit Guarantee Fund for SMEs (FNGCIMM), declared during a conference on Tuesday."The amount that he (IMM Invest, ed. n.) infused into the economy amounts to 12 billion euros. I don't think that there has been such an infusion of capital in the economy, in the post-December period, and the degree default, i.e. non-performing loans, is sub-unitary. We are talking about over 90,000 loans. Some of them have reached maturity, those granted in 2020 on working capital, and at the moment the execution rate at the National Guarantee Fund is 0.56%. This execution is done from the venture capital fund," said Dumitru Nancu, at the Financial-Banking Market conference, organized by the Bursa newspaper.He expressed his hope that, until June 30, while the state aid scheme is valid, 100,000 beneficiaries will be reached."The risk fund collected 1.5 billion RON, from which non-performing loans worth 70 million RON were paid. It is a self-financing program and has a multiplication rate of 1 to 12. The last edition of the SME Invest program started in 30 April, with a budget of 8 billion RON. The request of the 18 financial institutions was 24 billion RON. The European Commission approved this state aid for only six member states, including Romania, for the companies that are affected by Russia's aggression against Ukraine. We hope to exhaust this ceiling of 8 billion RON by the end of May," said Dumitru Nancu.
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
Romania’s Social Democratic Party (PSD) has de facto frozen all major government reforms until it completes internal consultations on whether to remain in the ruling coalition, with a final decision expected at the end of January 2026. The party’s move is seen as an attempt to strengthen its negotiating position within the ruling coalition (for […]
Romanian president Nicușor Dan has invited prosecutors and judges to a meeting on December 22 to discuss concerns over the functioning of the judiciary, after almost 200 magistrates publicly alleged integrity problems within the system. In a message published on Facebook on December 11, Dan said the situation required urgent attention. “When...
