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 exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
