Unfunded risk-sharing framework for Banca Transilvania and Raiffeisen Bank New EBRD guarantee product for Romanian banks to expand businesses’ access to finance EBRD to guarantee up to 65 per cent of each individual sub-loan by two lenders The European Bank for Reconstruction and Development (EBRD) is launching a new risk-sharing framework for Romanian banks, with Banca Transilvania and Raiffeisen Bank the first to benefit. The risk-sharing framework is designed to allow the EBRD to share partner banks’ exposures to local enterprises through either funded or unfunded risk participation. The facilities to both Banca Transilvania and Raiffeisen Bank are provided on an unfunded risk participation basis, which makes it more akin to a guarantee. The EBRD will guarantee up to 65 per cent of each individual sub-loan provided by the two lenders to eligible clients. Its commitment under the respective agreements could reach up to €150 million to Banca Transilvania and €100 million to Raiffeisen Bank. Mark Davis, EBRD Regional Director for Romania and Bulgaria, said: “We want to ensure that `businesses in Romania have access to a more diverse range of financing sources that suit their needs. Risk-sharing is a new instrument in our toolbox as we continue providing finance that encourages investment and economic growth. I am pleased that our two strong partners Banca Transilvania and Raiffeisen Bank have already signed up.” The EBRD is a leading institutional investor in Romania. To date, the EBRD has invested €9.5 billion through 485 projects in the country, where some 77 per cent of the EBRD’s investments are in the private sector.
The 16th edition of Les Films de Cannes, the festival showcasing productions awarded or selected at the Cannes film festival, returns this fall to Bucharest and four other cities in the country. The winner of this year's Palme d'Or, Jafar Panahi's It Was Just an Accident, will be screened at the event, as will be […]
Răsvan Angheluţă Natural Sciences Museum in Galaţi is scheduled to reopen on September 20, after the completion of modernization works worth over 15.1 million lei (approximately EUR 3 million) carried out by the County Council through the recovery and resilience facility PNRR. The building hosts an Aquarium, an Astronomical Observatory, a Planetarium, and temporary exhibitions. […]
A team of Romanian paramedics won first place at the World Rescue Challenge 2025, a competition that sees first responders and trauma teams from around the world develop new skills and share knowledge. This year, the competition took place in Karlovac, Croatia, and was attended by two Romanian paramedics from Bucharest who have been working […]
Artmark, one of Romania’s leading auction houses, registered record sales of over EUR 15 million despite economic instability, showing the growth potential of the national art market, according to the company’s 2024-2025 market report. Overall, auction sales totaled EUR 11 million, up 8.2% compared to the previous year, while sales through the “Dependent de Artă” […]
Cybersecurity has become a major global priority, impacting individual users, companies, organizations, and public institutions. Social engineering, deepfakes, digital manipulation, and coordinated geopolitical attacks are fundamentally reshaping how we view the digital future. In this context, DefCamp, the largest cybersecurity and hacking conference in Central and Eastern Europe, reaffirms its role as a strategic hub […]
Romanian airline AnimaWings has received its fifth Airbus aircraft, an A220-300, as part of an ambitious expansion plan to build a fleet of 18 planes by the end of 2027, valued at over USD 1 billion. The A220-300 is the airline’s third of this type and will serve both domestic and international routes. Configured with […]
