What you need to know about inclusive finance?

finance

If you are at the beginning of the road, having decided to start your own company but still somehow stuck due to financial problems or different challenges, you need to remind yourself that it can happen to everyone at some point, and the stress and worry can get to you easily. Though, understanding how to overcome your financial problems doesn’t have to be stressful.

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Crowdfunding

On 8th of March, the European Commission has unveiled an Action Plan on how to harness the opportunities presented by technology-enabled innovation in financial services (FinTech). As a first major deliverable, the Commission is also putting forward new rules that will help crowdfunding platforms to grow across the EU’s single market.

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Lending to non-financial corporations

The National Bank of Romania has published in February the Bank Lending Survey. The survey shows that in the final quarter of 2017, credit institutions preserved their credit standards on loans for house and land purchase to households and tightened marginally those for consumer credit. As for non-financial corporations, lending conditions applicable to them stayed flat against the previous quarter. For the first quarter of 2018, credit institutions envisage a marginal tightening of credit standards for both housing loans and consumer credit. Conversely, credit standards applicable to non-financial corporations are anticipated to hold steady in 2018 Q1 as well.

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EIB Group in Romania

The European Investment Bank Group, comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided close to EUR 1.9bn of new loans, guarantees and equity investment in Romania in 2017. More than EUR 1.3bn in loans came from the EIB and EUR 551m from the EIF in the form of guarantees and equity investments in small businesses to sustain their growth. The EIB Group’s support for Romania therefore represents some 1.04% of the country’s GDP, placing Romania fifth among EU Member States in this respect, and above the EU average of 0.46%. The group concluded four operations under the European Fund for Strategic Investments (EFSI), which is part of the Investment Plan for Europe.

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