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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

EBRD extends EUR 10 mln loan to Romania’s leading agricultural inputs distributor

The European Bank for Reconstruction and Development (EBRD) will extend a EUR 10 million loan to Romania's leading distributor of agricultural inputs, Agricover, to help it meet growing working capital needs.

Agricover supplies plant protection and nutrition products, certified seeds, fuel, and innovative agricultural solutions to Romanian farmers.

The new loan will provide additional working capital as the company prepares to bolster its growth strategy to address the needs of small and medium farms facing challenging economic conditions. The funds will also enable Agricover to expand further, including into more remote regions of Romania, and continue enhancing its corporate governance for socially responsible and sustainable economic development.

The company is a subsidiary of Agricover Holding, a major player in the Romanian agribusiness sector, where the EBRD has been a shareholder since 2017. In recent years, the EBRD has also extended loans worth EUR 20 million to the group's financial division - Agricover Credit IFN, which provides loans to local farmers.

Agricover Holding recently announced plans to draw EUR 40 million through a bond issue on the Bucharest Stock Exchange.

[email protected]

(Photo source: Shutterstock)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

EBRD extends EUR 10 mln loan to Romania’s leading agricultural inputs distributor

The European Bank for Reconstruction and Development (EBRD) will extend a EUR 10 million loan to Romania's leading distributor of agricultural inputs, Agricover, to help it meet growing working capital needs.

Agricover supplies plant protection and nutrition products, certified seeds, fuel, and innovative agricultural solutions to Romanian farmers.

The new loan will provide additional working capital as the company prepares to bolster its growth strategy to address the needs of small and medium farms facing challenging economic conditions. The funds will also enable Agricover to expand further, including into more remote regions of Romania, and continue enhancing its corporate governance for socially responsible and sustainable economic development.

The company is a subsidiary of Agricover Holding, a major player in the Romanian agribusiness sector, where the EBRD has been a shareholder since 2017. In recent years, the EBRD has also extended loans worth EUR 20 million to the group's financial division - Agricover Credit IFN, which provides loans to local farmers.

Agricover Holding recently announced plans to draw EUR 40 million through a bond issue on the Bucharest Stock Exchange.

[email protected]

(Photo source: Shutterstock)

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