UniCredit launches "UniCredit for CEE 2025", an umbrella, integrative framework with concrete financial solutions for account management and advice throughout Europe's Central and Eastern region, aimed at helping micro-enterprises and small businesses in the region to increase their productivity and competitiveness and to develop sustainable business models, through innovation and technology adoption.According to a press release sent on Tuesday, in partnership with more than 20 international and local institutions and authorities, more than 9,000 small businesses in CEE can receive financing of 2.3 billion euros within the "UniCredit for CEE 2025" initiative.The advantages for clients include lower guarantee requirements, tangible benefits regarding the cost of financing, special account management conditions, mentoring, ESG advisory programs and much more, the bank states.The initiative was announced during the Forum of Central and Eastern Europe, the emblematic event that annually brings together over 2000 investors, banks, intermediaries and top decision-makers from over 45 countries in Vienna.During the CEE Forum, Teodora Petkova, Head of Central Europe and Eastern Europe, UniCredit, pointed out that the recent report "The Future of European Competitiveness: A Competitiveness Strategy for Europe" highlighted how Europe is lagging behind the U.S. and China in terms of it concerns innovation and productivity.Through UniCredit for CEE 2024, the bank offered more accessible financing with international and local partners in the whole of Central and Eastern Europe in the amount of over 2 billion euros for more than 8300 micro and small company clients.UniCredit macroeconomists point out that the region benefits from strong flows of FDI (foreign direct investment) and there is the prospect of their continued growth in the future, as supply chains shorten.The lower productivity of CEE SMEs compared to larger enterprises can be offset by improved access to finance.UniCredit is a pan-European commercial bank with a service offering in Italy, Germany and Central and Eastern Europe.
Romanian director Cristian Mungiu will be part of the jury that will judge the films in the main competition of this year’s Venice Film Festival - Venezia 82. The jury, headed by American director Alexander Payne, includes French director and screenwriter Stéphane Brizé, Italian director and screenwriter Maura Delpero, Iranian director and writer Mohammad Rasoulof, Brazilian actress, writer, and […]
Romania continues to face significant prison overcrowding, according to the Council of Europe’s latest data, released on Friday, July 18. The 2024 Annual Penal Statistics on Prison Populations (SPACE I) show that Romania is among six countries in Europe with severe overcrowding, housing 116 inmates for every 100 available places. The report, which...
Chris Hemsworth returns to Disney+ in August with a new season of the National Geographic documentary series Limitless, this time focused not just on longevity, but on discovering how to live better. Titled Limitless: Live Better Now, the three-part season follows Hemsworth through physical, emotional, and mental challenges across six countries, with one standout episode […]
The Black Sea 200 Regatta 2025, Romania’s first non-stop offshore regatta with a 200 nautical mile route, takes place between July 21 and 27. Now in its first edition, the event brings together more than 10 boats from Romania and Bulgaria, according to the organizers. The endurance course will start and finish in the Romanian […]
The National Environmental Guard has fined an illegally operating zoo in Dâmbovița county, southern Romania, a total of RON 120,000 following a joint inspection that uncovered serious violations, including the lack of environmental authorization and inadequate conditions for wild animals kept in captivity. The zoo was reportedly charging RON 50 per person for entry and […]
The National Cybersecurity Directorate (DNSC) and engineering company Enevo Group have signed a strategic cooperation agreement to strengthen cybersecurity in Romania’s energy sector. The partnership aims to test and develop monitoring and alerting technologies for cyberattacks, and to improve national response coordination to incidents affecting critical infrastructure, the companies said. The agreement focuses on sharing […]
