Bucharest, March 21, 2011 \u2013 EximBank places at exporters\u2019 disposal a comprehensive package of financial instruments likely not only to contribute to business development but also to mitigate those risks associated with such activities, said bank\u2019s officials during the meeting by the end of last week with representatives of Vrancea exporting companies.<\/p>\n
\u201eOur bank provides exporters with financing, insurance and guarantee products, all of which are meant to be supportive and make them feel secure about their business, with no jeopardy involved whatsoever and no risk of default related to proceeds reimbursement \u201c, declared Paul Ichim, vice president of EximBank.<\/p>\n
The meeting held in Foc\u015fani was attended by representatives of the exporting companies, of commercial banks in the area and of local authorities.<\/p>\n
\u201eThe businessmen of Vrancea county need to identify some development hubs and with EximBank, right here at hand an extra asset is provided. Travel potential is available in our area, as well as wood processing, not to mention the vineyards. We truly hope that alongside with EximBank investments in infrastructure shall grow in conjunction with an improved pace of structural funds absorption\u201d, specified Ion Oprea, prefectul of Vrancea county.<\/p>\n
The event in Foc\u015fani is part of a larger project which EximBank is scheduled to run in the first half-year beside the Romanian Association of Exporters and Importers (ANEIR), materializing in several meetings with businessmen all over the country in order to present the ways and means the bank shall supply to the development and support of local companies\u2019 inception or export activities.<\/p>\n
EximBank is keen on bolstering export business along the main stages involved, such as production, delivery and collection of the counter-value of exported commodities, by means of the following:
\nloans (covering expenses associated with the manufacture of products or merchandise delivery);
\nexport guarantees (for general commodities, to enhance achievement of complex objectives and products submitted to a long manufacturing cycle);
\ninsurance provided to export output credits, to medium and long term export credits, or to buyer credit ;
\ncommercial information on business partners.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bucharest, March 21, 2011 \u2013 EximBank places at exporters\u2019 disposal a comprehensive package of financial instruments likely not only to contribute to business development but also to mitigate those risks associated with such activities, said bank\u2019s officials during the meeting by the end of last week with representatives of Vrancea exporting companies. \u201eOur bank provides […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-7640","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\n