Romania: Banca Transilvania borrows from the EIB to boost SMEs and mid-caps

Iași, Romania (O_mores, CC BY-SA)

Beer production in Latvia rises 11 per cent in 2017

10 top richest Poles with a combined fortune of EUR15.4bn

Romania

The See News Corporate Wire informs that Romania’s Banca Transilvania will borrow EUR150m from the European Investment Bank (EIB) to help Romanian small and medium companies which need better access to a long-term financing. The first tranche of the loan – EUR75m – has already been provided.

The EIB vice-president Andrew McDowell commented: “The EIB loan, in cooperation with Banca Transilvania, will support the investment needs of 3,000 businesses by providing them with better access to a long-term financing. We will focus on corporate investments that can accelerate economic growth and that are expected to support 37,000 job opportunities in Romania’s less developed areas”.

The portal reminds that about 85 per cent of the EIB funding is dedicated to “supporting investments in parts of Romania that are part of the EU bank’s cohesion and regional development lending priority.”

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Latvia  

In 2007, a total of 72.06 million liters of beer was produced in Latvia, which is 11 per cent more than in 2016, reports LETA, according to the State Revenue Service’s data. As the Baltic Course reports the amount of exported beer rose 2.2 times, from 10.29 million liters in 2016 to 10.29 million liters last year.

In 2017, production of alcoholic beverages (except beer) in Latvia increased by 4.5 per cent y/y to 55.26 million liters, according to the data on excise goods released by the State Revenue Service.

Winemaking declined by 5.6 per cent, production of intermediate products with alcohol content between 15 per cent and 22 per cent fell to 21.6 per cent.

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Poland

The Polish edition of an international business magazine Forbes published its list of Poland’s 100 richest people in 2018. According to the ranking, the top 10 richest Poles combine assets are PLN64bn (EUR15.4bn).

Forbes.com reveals that to be listed on Forbes’ list one needs to establish a company worth PLN491m (EUR118m).

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What’s up in indexes

BET (of Bucharest) decreased from 8,328.77 index points Tuesday, February 20th to 8,281.28 index points Wednesday, February 21st. It’s down 0.39 per cent d/d and up 4.66 per cent y/y.

BUX (of Budapest) increased from 38,667.00 index points Tuesday, February 20th to 38,971.94 index points Wednesday, February 21st. It’s up 0.79 per cent d/d and up 13.54 per cent y/y.

CROBEX (of Zagreb) decreased from 1,855.43 index points Tuesday, February 20th to 1,826.46 index points Wednesday, February 21st. It’s down 1.56 per cent d/d and down 16.21 per cent y/y.

OMXR (of Riga) decreased from 1,024.25 index points Tuesday, February 20th to 1,019.26 index points Wednesday, February 21st. It’s down 0.49 per cent d/d and up 36.15 per cent y/y.

OMXT (of Tallinn) increased from 1,277.75 index points Tuesday, February 20th to 1,281.16 index points Wednesday, February 21st. It’s up 0.27 per cent d/d and up 15.78 per cent y/y.

OMXV (of Vilnius) decreased from 670.49 index points Tuesday, February 20th to 668.82 index points Wednesday, February 21st. It’s down 0.25 per cent d/d and up 19.34 per cent y/y.

PX (of Prague) increased from 1,106.14 index points Tuesday, February 20th to 1,111.21 index points Wednesday, February 21st. It’s up 0.46 per cent d/d and up 14.03 per cent y/y.

SAX (of Bratislava) increased from 328.19 index points Tuesday, February 20th to 331.66 index points Wednesday, February 21st. It’s up 1.06 per cent d/d and up 7.58 per cent y/y.

SOFIX (of Sofia) decreased from 694.36 index points Tuesday, February 20th to 691.71 index points Wednesday, February 21st. It’s down 0.38 per cent d/d and up 13.30 per cent y/y.

UX (of Kyiv) increased from 1,464.28 index points Tuesday, February 20th to 1,477.46 index points Wednesday, February 21st. It’s up 0.90 per cent d/d and up 60.42 per cent y/y.

WIG20 (of Warsaw) decreased from 2,413.23 index points Tuesday, February 20th to 2,405.47 index points Wednesday, February 21st. It’s down 0.32 per cent d/d and up 6.98 per cent y/y.

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