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.
The longest theatrical event in the world, “Horror Vacui,” will take place in February in Bucharest, as announced by the A.R.T. Fusion Association. The event consists of a large-scale artistic act supported by over 500 actors, which will take place between February 15 and 22 at the Galateca Art Gallery in Bucharest, for 7 days, 24 […]
Romanian voters who live abroad can register starting today, January 20, to vote in this year's presidential elections, the Permanent Electoral Authority (AEP) announced. Voters who live abroad can register on the website votstrainatate.ro. The website has sections for those who wish to vote at a polling station abroad and those who plan to vote […]
Romania won 35 medals at the IISA 6th Ice Swimming World Championship held between January 13-19 in Molveno, Italy. Eight of the medals were won in the overall rankings, of which two gold, two silver, and four bronze. Another 27 medals were earned in the age category rankings - ten gold, nine silver, and eight […]
The Romanian Intelligence Service, or SRI, said it prevented a sabotage operation planned in a way “specific to the Russian services” in the summer of 2024. The sabotage attempt happened in July-August 2024, and SRI managed to prevent its execution by identifying the perpetrator, a Colombian citizen, just before he could act. The man, Luis […]
A Romanian Library Corner will be inaugurated this month at the Worcester County Library in Ocean City, Maryland. According to an announcement from the Romanians of DC organization, the event is scheduled for January 24. The Romanian Library Corner has been established with funding and support from Romanians of Washington, DC, and in partnership with […]
Bird mortality due to electrocution is a major conservation issue, with uninsulated medium-voltage power lines, often used by birds as resting spots, posing one of the greatest risks to these species. In this context, the Romanian Ornithological Society (SOR) partnered with Rețele Electrice România to install insulating sleeves on medium-voltage poles in the central area […]
