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October 21, 2021

EximBank meets the exporter companies of Vrancea

EximBank makes available to exporters a complex package of financial instruments that can contribute to developing their businesses and reducing the risks associated to this type of activity, bank officials said in a meeting with representatives of the exporter firms of the Vrancea County.

“Our bank offers exporters both financing products, and insurance and guarantee products. All these instruments help the exporters, by assuring them that their businesses are in no danger, and there is no risk for them to lose the money they will earn from exports,” said Paul Ichim, vice-president of EximBank.
The meeting, held in Focsani, was attended by representatives of exporter companies, of commercial banks operating in the region, and by local officials.

“Vrancea-based entrepreneurs need to identify niches of development, and EximBank’s presence here with us, now, brings extra value. We have tourist potential, wood processing potential and – last but not least – viticultural potential. Together with EximBank, we hope to increase investments in infrastructure and also to improve the absorption rate of structural funds,” mentioned Ion Oprea, the prefect of Vrancea County.

The Focsani event is part of a wider project conducted by EximBank in the first half of this year, jointly with the National Association of Exporters and Importers in Romania (ANEIR), which consists in holding a series of meetings with businessmen from all over the country, in order to explain them how the bank can support the development and the export activity of local companies.

EximBank supports the export activity, from manufacturing to delivery and payment for the exported goods, through:

– credits (that cover the expenses with product manufacturing or freight delivery);

– export guarantees (for general goods, in view of stimulating the achievement of complex objectives and products with a long manufacturing cycle);

– insuring export production credits, medium- and long-term export credits, and buyer’s credits;
– commercial information about business partners.

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