EBRD shares exposure on €40 million Banca Transilvania loan Beneficiary of loan is cornstarch producer Omnia Europe SA Loan will finance extension of Omnia factory for new waxy starch products Banca Transilvania (BT) is lending €40 million to Omnia Europe SA (Omnia Romania), a leading corn starch producer and owner of the largest starch factory in Romania and southeastern Europe. Half the loan amount, €20 million, will be guaranteed by the European Bank for Reconstruction and Development (EBRD), under the Risk-Sharing Facility (RSF) with Banca Transilvania. The financing will support the company in expanding its operations by establishing a new unit dedicated to producing waxy starch. Omnia Europe SA, based in Medgidia, Constanta County, is a producer of starch, maltodextrin and by-products, key ingredients for many products in the food, pharmaceutical, pulp and paper and chemical industries. It is a subsidiary of Omnia Nisasta Ticaret AS and part of the Turkish Tosmur Group, one of the largest producers of corn starch and derivatives products. The European Bank for Reconstruction and Development (EBRD) is using its Risk Sharing Framework (RSF) to support the expansion of businesses in its countries of operations and boost the lending capacity of local partner banks. “We are delighted to reinforce our commitment to the Romanian agribusiness sector by supporting the expansion of Omnia Group within the country. This transaction highlights the strong collaboration with Banca Transilvania and underscores the effectiveness of the Risk Sharing Framework in facilitating the growth ambitions of companies across EBRD’s Countries of Operations. Furthermore, this initiative is particularly significant as it focuses on processing agricultural commodities into higher-value products, contributing to Romania’s efforts to improve its food and agricultural trade balance” said Victoria Zinchuk, EBRD’s Head of Romania. The EBRD is a major institutional investor in Romania. To date it has invested almost €11.5 billion in 550 projects in the country.
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
A young Romanian has developed a new system that allows people to return entire bags of recyclable packaging at once, replacing the traditional method of inserting bottles one by one into reverse-vending machines. The concept, called IZI, was created by Ștefan Parascanu, who returned to Romania after studying and working in the United Kingdom. The […]
JTI, the global owner of both Winston and Camel, announced on Thursday, November 27, a plan to build a new, state-of-the-art factory in Ștefăneștii de Jos, Ilfov County. Designed to replace the current Bucharest production site, which is operating under space constraints, the facility is scheduled for completion in 2027. Ground works at the new […]
The City Hall of Oradea, in northwest Romania, has begun installing new smart parking meters as part of its ongoing modernization and digitalization of the municipal parking system. The first batch of devices has already been placed in central areas, and the entire system is expected to become operational by the end of the year. […]
