The largest classical music event in the country begins in Bucharest, where a celebration of dance is also scheduled downtown. Meanwhile, indie spirit is in focus at a festival in the village of Hosman, and...
The European Investment Bank Group (EIB Group), which includes the European Investment Bank (EIB) and the European Investment Fund (EIF), is strengthening its cooperation with Deutsche Leasing Romania IFN SA (DLRO), part of the Deutsche Leasing Group, by signing a synthetic securitisation transaction along with new lending commitments that will boost liquidity for Romanian businesses. The agreement aims to provide capital relief for DLRO, freeing up lending capacity, which will then be used to support Romanian small businesses and mid-caps while contributing to the transition to climate neutrality. Specifically, the EIF is providing (i) protection on a mezzanine tranche of €54 million (which is in turn counter-guaranteed by the EIB), and (ii) protection on a senior tranche of €276 million (50% of which is in turn counter-guaranteed by the EIB). The structure, which features synthetic excess spread in the form of use-it-or-lose-it, a three-year replenishment period as well as pro-rata amortisation of the senior tranche and the mezzanine tranche (subject to performance triggers), references a portfolio of leases and loans with a total outstanding balance of €355 million. Under this arrangement, DLRO is committing to provide new lending of €439 million to small businesses and mid-caps over a three-year period. Nearly 30% of the financing will be committed to projects contributing to climate action and environmental sustainability, highlighting the commitment of DLRO and the EIB Group to support the transition to a low-carbon economy. The new lending, which will be in the form of leases and loans, is expected to benefit farmers in particular, with a substantial share of DLRO’s customers being farmers in cohesion regions. DLRO will focus on assets such as harvester replacement, tractor replacement, irrigation systems modernisation, no-tillage equipment, as well as energy efficiency in agriculture and other industries. EIB Vice-President Kyriacos Kakouris said: “Together with Deutsche Leasing we support farmers in cohesion regions in Romania, promote the decarbonisation of the farming sector and help the green transition to become a reality. Deutsche Leasing is one of the EIB’s trusted partners to provide the necessary financial means to businesses in challenging times.” EIF Chief Executive Marjut Falkstedt said: “We are very glad to be renewing our cooperation with Deutsche Leasing Romania to ensure easier and wider access to finance for climate action-related projects. This transaction will create financing opportunities in the form of fresh lending for Romanian businesses and farmers, and will also make a meaningful contribution to the green transition.” Laurentiu Zaharia, General Manager of DLRO added: “This operation is a significant milestone for Deutsche Leasing Romania and our clients, allowing us to expand our financing options and offer more flexibility. The partnership with EIB Group reinforces our commitment to providing innovative tailored financial solutions to support growth and the success of our clients.” This is the second synthetic securitisation transaction between the EIB Group and DLRO, following up on an initial operation in 2020. This is the second synthetic securitisation transaction between the EIB Group and DLRO, following up on an initial operation in 2020.
The largest classical music event in the country begins in Bucharest, where a celebration of dance is also scheduled downtown. Meanwhile, indie spirit is in focus at a festival in the village of Hosman, and...
Romania’s National Cyber Security Directorate (DNSC) has issued a warning about a new online scam that fraudulently uses the image of president Nicușor Dan in so-called “quick investment” schemes. According to authorities, the fraudulent campaign relies on manipulated video materials, known as deepfakes, in which the president appears to promote a fake investment opportunity...
Romanian firefighters have been deployed to Spain to support efforts in combating the wave of wildfires sweeping through the region of Galicia. The mission comes in response to the numerous fires that have devastated parts of Spain, particularly near the province of Ourense. A team of 51 firefighters, part of a specialized module for extinguishing […]
Romania offers one of the most balanced cost-to-income ratios in Europe, according to experts at Compare the Market AU, who have compiled the Affordability Index 2025. The index is a ranking of 44 countries that reveals the most and least affordable places to live, based on key work-life balance factors such as income and taxation, […]
How to Web Conference, the leading startup and technology event in Eastern Europe, will host multiple programs and formats for over 550 startups at its 2025 edition, taking place on October 1–2 in Bucharest. These programs are designed to support early-stage startups by offering valuable opportunities for growth, investor connections, and showcasing their innovations. “Our […]
Romanian state-controlled nuclear power producer Nuclearelectrica (SNN) posted a higher-than-expected net profit in the first half of 2025, as stronger financial income offset a surge in windfall tax expenses, brokerage firm Swiss Capital said in a note published on Monday on BVB Research Hub. The company booked a net profit of RON 867...