CEC Bank continues its support for Romanian agriculture by introducing a quick approval credit product designed specifically for cereal farmers. “Agriculture is a top priority for us. In 2022, CEC Bank was the largest player in the banking system under the government’s Rural Invest program, as well as the leading financier of APIA loans, with around 7,000 credits extended. Agricultural entrepreneurs have specific, seasonal needs, and banks need to consider factors like rate setting, guarantees, and customer creditworthiness analysis,” said Bogdan Alexandrescu, Director of the AGRI Department at CEC Bank. These loans are available for both non-revolving current activities, with guarantees from the Rural Credit Guarantee Fund and no real collateral required from the client, as well as for investments. The credit is in Romanian Lei, ranging from 50,000 Lei to a maximum of 500,000 Lei, not exceeding 85% of the investment value. Beneficiaries can be individual agricultural producers or legal entities engaged in cereal cultivation. Interest rates start at ROBOR 6M + 2.50 percentage points and cannot exceed ROBOR 6M + 3.50 percentage points, with rates varying based on the farmers’ economic performance. This new credit is intended for farmers who operate agricultural land with a minimum area of 50 hectares, and 75% of their income must come from agricultural crops. The loan term is a maximum of 24 months for non-revolving current activities and up to 84 months for investments. In 2022, CEC Bank significantly increased its support for small and medium-sized farmers, with new loans growing by nearly 80% compared to 2021.
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
