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Articles - financing

Office Complex Vox Technology Park in Timișoara Receives Syndicated Loan from Transilvania and OTP Banks

Transilvania Bank and OTP Bank agreed to finance the office complex Vox Technology Park in Timișoara, the only one in Europe where the access will be granted by biometric identification, based on physical traits.

West Gate Office Complex Receives Largest EU Financing In Bucharest

The office complex West Gate in western Bucharest has received nearly EUR 9 million financing, while the sports complex La Stejarii has attracted aprox. EUR 8 million.

Real estate developer Vastint received EUR 20 million from shareholders in December

Vastint Romania, the real estate division of the Swedish group Inter IKEA, has received EUR 20 million from its Dutch shareholders in December, according to data published by the Romanian Trade Registry.

First acceleration fund dedicated to startups in Romania launches in Cluj

More than 30 investors from Transylvania have decided to set up Risky Business, the first acceleration fund for startups in Romania, with a value of EUR 250,000. The fund was recently launched in Cluj-Napoca.

Adval Asset Management secures EUR 6.7 million financing for Banu Antonache Office Building

Adval Asset Management supported by JLL’s Capital Markets team has secured the refinancing of EUR 6.7 million for Banu Antonache Office Building.

Forte Partners secures EUR 50 mln loan from UniCredit Bank for The Bridge office project

Real estate developer Forte Partners will develop the first stage of its The Bridge office project with a EUR 50 million loan granted by UniCredit Bank.

A start-up in Romania needs 12,500 dollars, more than in Poland, Bulgaria or Hungary

In Romania, an entrepreneur needs an average of nearly 12,500 dollars in order to start a business, more than in Poland, Sweden, Bulgaria, Croatia or Hungary, but less than in Germany, Italy or Norway, shows the Global Entrepreneurship Monitor (GEM), which considered 60 countries for the report.

GEM report: 98 pct of the Romanian entrepreneurs use own equity to start a business

The global financial crisis made entrepreneurs more dependent on their own equity, while new financing sources, such as crowdsourcing, become more popular, according to a report of Global Entrepreneurship Monitor (GEM) regarding the financing of new businesses.
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