Smartree Romania SRL, a Bucharest, Romania-based human resources outsourcing company, has revieved a €3m majority investment from Enterprise Venture Fund I (EVF), the venture capital fund managed by Enterprise Investors (EI).  The deal allows EVF to take a 56% stakein the company.  The capital infusion will enable Smartree, which currently provides HR outsourcing services such […]

The European Investment Bank (EIB) is lending €50m to Piraeus Bank Romania to finance permanent working capital increases, as well as projects of small and medium-sized enterprises (SMEs) in Romania.  This loan is specifically designed to support projects promoted by SMEs in the areas of industry, services including tourism, agriculture, health, energy, environmental protection and […]

Syntaxis Capital, a Vienna and Warsaw-based mezzanine capital provider, announced the first closing of its second Central European mezzanine fund, with aggregated commitments of €140m, just over half its targeted amount. Syntaxis Mezzanine Fund II follows on the firm’s main fund which reached the final closing at the end of 2008, which collected under €120m, […]

InternetCorp, a Romanian independent online media company, has received a minority investment from 3TS Cisco Growth Fund, the venture capital vehicle managed by Central and Eastern Europe investor 3TS Capital Partners. InternetCorp has a strong presence in the Business Publishing, Women’s Lifestyle and General News segments. Established in 2005, the company showed significant growth during […]

The European Bank for Reconstruction and Development (EBRD) approved a €150m financing package for three subsidiaries of Raiffeisen International Bank-Holding AG in Ukraine, Romania and Russia in order to support their lending to enterprises. Under the package, subordinated loans attributable to Tier 2 capital will be provided as follows: – €100 million equivalent to Raiffeisen […]

According to an official statement, the European Investment Bank (EIB) is providing two intermediated loans to support the projects of small and medium-sized enterprises in Romania: €80m to Bancpost S.A. and €60m to EFG Leasing IFN S.A. The loan to Bancpost Romania will finance small and medium-scale projects promoted by SMEs in various sectors of […]