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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] 

 

Romanian walnut kernel processor keeps expanding on bank loans

BRD Groupe Societe Generale extended a EUR 2.3 million loan to Transilvania Nuts, a local walnut kernel processor set up and run by local entrepreneurs Levente Bara and Alexandru Chiric.

In 2019, BRD financed "one of the most efficient walnut production and processing units globally", which also received EU funding.

The factory is based in Ciugud commune, Alba county, one of the most developed rural localities in Romania.

"The support provided by BRD has given us the impetus to build one of the most efficient walnut production and processing units globally," said Alexandru Chiric, CEO of Transilvania Nuts.

The factory was completed in October 2019, and its processing capacity amounts to 5,000 tons per year.

The new loan Transilvania Nuts received  from BRD will cover the working capital needs of the company, the bank announced in a statement.

Corporate lending is losing momentum in Romania, particularly during the crisis. Still, the IMM Invest program will likely add some impetus, just like the new state-backed mortgage program will support retail lending. 

(Photo: Transilvania Nuts Facebook Page)

[email protected]

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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] 

 

Romanian walnut kernel processor keeps expanding on bank loans

BRD Groupe Societe Generale extended a EUR 2.3 million loan to Transilvania Nuts, a local walnut kernel processor set up and run by local entrepreneurs Levente Bara and Alexandru Chiric.

In 2019, BRD financed "one of the most efficient walnut production and processing units globally", which also received EU funding.

The factory is based in Ciugud commune, Alba county, one of the most developed rural localities in Romania.

"The support provided by BRD has given us the impetus to build one of the most efficient walnut production and processing units globally," said Alexandru Chiric, CEO of Transilvania Nuts.

The factory was completed in October 2019, and its processing capacity amounts to 5,000 tons per year.

The new loan Transilvania Nuts received  from BRD will cover the working capital needs of the company, the bank announced in a statement.

Corporate lending is losing momentum in Romania, particularly during the crisis. Still, the IMM Invest program will likely add some impetus, just like the new state-backed mortgage program will support retail lending. 

(Photo: Transilvania Nuts Facebook Page)

[email protected]

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