CEC Bank signed a new guarantee agreement with the Romanian Investment and Development Bank (BID), under which it will be able to grant loans up to a ceiling of 740 million lei, the bank announced in a press release.?The signing of the agreement with the Investment and Development Bank gives us the opportunity to accelerate SME financing and respond more quickly to the needs of Romanian entrepreneurs. The portfolio guarantee mechanism is a modern and efficient solution that enables banks to take on greater risks sustainably, thus supporting private initiative and innovative projects. CEC Bank will continue to be an active partner of institutions contributing to the development of the real economy,' CEC Bank President Bogdan Neacsu is quoted in the release as saying.Under this agreement, CEC Bank will be able to grant loans up to a ceiling of 740 million lei, using the guarantee ceiling of 520 million lei provided by BID.?CEC Bank is a natural partner for BID - together we are building a chain of trust between the state, banks and beneficiaries. Through these agreements, we are setting in motion a genuine development mechanism: guarantees that open up credit, investments that give meaning to both public and private capital,' said BID CEO Dan Sandu.CEC Bank's participation as a financial intermediary for this financing instrument will allow the bank to grant loans with guarantees of up to 70% (and up to 80% for certain categories) within a capped guarantee portfolio, as well as to increase the number of clients attracted and financed. It will also enable the bank to align with green finance requirements by lending to sustainable investments and projects contributing to climate neutrality and improved energy efficiency.?From the perspective of a partner financial institution, collaboration with BID represents an important step towards efficient risk sharing and an opportunity to expand access to credit for underserved segments. Through BID guarantees, CEC Bank will be able to finance sustainably the projects of SMEs with short histories, start-ups and companies developing innovative solutions, thus supporting the modernisation of the economy and the growth of private investment. In the long term, CEC Bank regards collaboration with BID as a strong and strategic partnership that will contribute to the co-financing of major development projects and to strengthening Romania's financing ecosystem,' added Bogdan Neacsu.The portfolio guarantee for SMEs will operate as a systemic instrument, covering part of the total risk of the loan portfolio granted by financial institutions. Unlike traditional systems, where each loan is analysed and guaranteed individually, the new mechanism provides an overall guarantee, allowing banks to grant financing more quickly and with lower capital consumption. Thus, the BID guarantee will facilitate investment in strategic sectors, stimulate job creation and contribute to enhancing the competitiveness and resilience of the Romanian economy in a context marked by macroeconomic pressures, the release reads.
A street in Bucharest’s District 3 has been closed to traffic after the state-owned gas network operator Transgaz warned that it had been built over natural gas pipelines in violation of safety standards. Brățării Street was allegedly built by the District 3 City Hall in the area without proper measures in place. Vehicular traffic over […]
Paysera is strengthening its position in Romania by targeting a gap long overlooked by traditional banks: affordable, fully digital financial services for small and medium-sized businesses. In an interview with Romania Insider, Daniel Turbatu, Country Manager of Paysera Romania, says the company’s biggest advantage remains its free business account, which can be opened entirely online […]
DN Agrar Group (BVB: DN), one of the leading integrated agrifood companies in Romania and the largest dairy milk producer in Europe, reported record results for the first nine months of 2025. The company achieved a turnover of RON 158 million, a 25% increase year-on-year, while net profit doubled to RON 43 million, backed by […]
Presidential adviser Ludovic Orban is leaving his position after just six weeks in office, following a mutual agreement with president Nicușor Dan to end their collaboration, the Presidential Administration announced on Tuesday, November 18, as reported by Agerpres. Orban, a former prime...
Yellow Fresh Fruits has quickly emerged as one of Romania’s most dynamic fresh fruit importers, reshaping a market where consistency and speed increasingly define competitiveness. In an interview with Romania Insider, Fryderyk Schiller, COO of Yellow Fresh Fruits, outlines how the company expanded from its Polish origins to operating advanced ripening centers in Timișoara, Bucharest, […]
The design phase for the most difficult section of the A8 highway, namely Lot 2B Grinţieş-Pipirig, has begun, according to a statement given by Romanian transport minister Ciprian Şerban on Monday, November 18. The contract for the section, valued at RON 5.97 billion (EUR 1.17 billion), was signed at the end of October. In total, […]
