EximBank and the Agency for Rural Investment Financing (AFIR) signed a collaboration accord to support – by financing eligible companies- the acceleration of the absorption of European funds allocated through the Rural Development National Program (PNDR) over 2021-2022. “We are offering an extensive range of products adapted to the specific and demands of PNDR program, so that eligible end users can access: grant pre - financing credits, credits for co-financing contributions to eligible and not eligible expenses or bank warranty letters to return down payment, “said Traian Halalai, executive president of EximBank, in a press release. In his turn, Mihai Moraru, the general director of AFIR, says this collaboration accord will concretely support PNDR beneficiaries to obtain advantageous credits. EximBank is a specialized institution which is actively involved in supporting and promoting the Romanian business environment. Its financial instruments are devoted exclusively to the corporate segment and can be accessed in advantageous conditions by any type of commercial company, either IMM or a large company, carried out international transactions, or addresses, or addresses the domestic market. AFIR is meant to technically implement the technical and financial PNDR 2020. Until the present, 67828 farms,processors, entrepreneurs and public authorities that concluded financing contracts with AFIR to receive European grants through PNDR 2020. The value of payments made by AFIR, until the present day, to beneficiaries of the program amounts to 7.65 billion euros, which represents a degree of effective absorption of allocated funds of 81.24%. For the transition period of 2021-2022, AFIR has at its disposal funds for agriculture and rural development of 3.28 billion euros.
This loan agreement is DRI’s first internationally led syndicated financing, first certified green loan, and first multi-currency loan. The Vacaresti solar park, located in Dambovita County, Romania, has an installed capacity of 126MWp, enough to power about 50,000 households and avoid 48,600 tonnes of carbon emissions per year. DRI, the EU renewables arm of DTEK, together […]
Mircea Spiridon, a 50-year-old Romanian man, died in the Spanish region of Tres Cantos while saving an 83-year-old man, the owner of the riding stables razed to the ground in the same fire. The Romanian arrived in Spain 20 years ago. Married and with two children, ages 14 and 18, he was a mechanic by […]
The Bucharest International Air Show (BIAS) is set to launch the first exclusive NFT collection together with the National Institute for Research and Development in Informatics, ICI Bucharest. NFTs (Non-Fungible Tokens) gained popularity in the last few years as a way of owning unique digital objects. The NFT collection, titled “Cloud Chasers,” will be presented and […]
Sema Real Estate, one of the leading players in Romania’s real estate sector, announces a partnership with the Romanian fintech company Finqware to implement FinqTreasury, a key platform for the optimization and digitalization of financial operations in the real estate industry. Efficient management of collections and payments, rapid visibility into financial flows, and the elimination […]
At the British School of Bucharest (BSB), community engagement isn't an afterthought — it’s the heartbeat of school life. Guided by the spirit of #WeAreBSB, the school embraces four core mottos that shape everything from classroom discussions to student-led initiatives: #CONCERN for others, by being kind to the community #CONCERN for our planet, by being […]
Two individuals who received sums of money claiming to facilitate the acquisition of Romanian citizenship were convicted in absentia on Monday, August 11, in Chișinău for influence peddling and are wanted by Moldovan authorities. The two told citizens of the Russian Federation that they had influence over officials at the Romanian Consulate in Odesa and […]
