UniCredit launches "UniCredit for CEE 2025", an umbrella, integrative framework with concrete financial solutions for account management and advice throughout Europe's Central and Eastern region, aimed at helping micro-enterprises and small businesses in the region to increase their productivity and competitiveness and to develop sustainable business models, through innovation and technology adoption.According to a press release sent on Tuesday, in partnership with more than 20 international and local institutions and authorities, more than 9,000 small businesses in CEE can receive financing of 2.3 billion euros within the "UniCredit for CEE 2025" initiative.The advantages for clients include lower guarantee requirements, tangible benefits regarding the cost of financing, special account management conditions, mentoring, ESG advisory programs and much more, the bank states.The initiative was announced during the Forum of Central and Eastern Europe, the emblematic event that annually brings together over 2000 investors, banks, intermediaries and top decision-makers from over 45 countries in Vienna.During the CEE Forum, Teodora Petkova, Head of Central Europe and Eastern Europe, UniCredit, pointed out that the recent report "The Future of European Competitiveness: A Competitiveness Strategy for Europe" highlighted how Europe is lagging behind the U.S. and China in terms of it concerns innovation and productivity.Through UniCredit for CEE 2024, the bank offered more accessible financing with international and local partners in the whole of Central and Eastern Europe in the amount of over 2 billion euros for more than 8300 micro and small company clients.UniCredit macroeconomists point out that the region benefits from strong flows of FDI (foreign direct investment) and there is the prospect of their continued growth in the future, as supply chains shorten.The lower productivity of CEE SMEs compared to larger enterprises can be offset by improved access to finance.UniCredit is a pan-European commercial bank with a service offering in Italy, Germany and Central and Eastern Europe.
Romania’s Finance Ministry managed to attract RON 681.3 million and EUR 192 million (totaling RON 1.65 billion or EUR 326 million) through the sixth offering of government Fidelis bonds for retail investors. The new bonds were listed on the Bucharest Stock Exchange, an event marked on Thursday, July 17, at the BVB headquarters. According to […]
A new Hilton Garden Inn hotel will open in Bucharest as part of the final construction phase of the EnVogue Residence – Iuliu Maniu project, the developer announced Thursday, July 17. The hotel will be integrated into a two-section building, whose structure has already been completed, and will feature 125 rooms, a gym, restaurant, event […]
The Bucharest Stock Exchange (BVB) has announced the semi-finalists for the 2025 edition of its flagship program, BVB Arena, which aims to highlight ambitious Romanian entrepreneurial companies capable of driving the national economy. From an impressive initial pool of 485 valid nominations, the Nomination Committee selected 50 semi-finalist companies representing diverse sectors, including IT&C, trade, […]
Romanian president Nicușor Dan will pay an official visit to Berlin, Germany, on Friday, July 18, the Presidential Administration announced. The visit, taking place at the invitation of German president Frank-Walter Steinmeier, includes official talks with both president Steinmeier and German chancellor...
An analysis published by recruitment platform eJobs shows that the highest salaries in Romania in the first half of 2025 were in Bucharest and the counties in the west of the country. The southern parts, on the other hand, had the lowest average salaries. Over 130,000 jobs and 5.1 million applications were recorded in the […]
Former tourism minister Elena Udrea is to be released on parole from Târgșor Prison on Thursday, July 17, following a final decision issued by the Prahova Tribunal. The court rejected an appeal filed by the anti-corruption prosecutors (DNA Ploiești), who had challenged a previous ruling by the Ploiești Court approving Udrea’s conditional release,
