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.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
