Famous Romanian textile brand Braincof has received a EUR 400,000 financing from Raiffeisen Bank, guaranteed by EximBank, within the COVID-19 state aid scheme granted to big companies. The funds will be used to cover the invoiced of the companies to the suppliers, salaries, taxes to the state budget and social securities.
“This financing package is coming to support us in a very important moment for the company and will be used by us to continue activity in optimal conditions. With a 70-year history, Braincof is implementing now a new strategy to promote our brand on long term, meant to reflect the true value of the products. We have ambitious plans, namely to bring the Braincof brand in the 21st century. We have crossed a year full of challenges, and one of our main concerns has been the safety of the human resource and the implementation of the new strategy on several business segments, from the retail component up to a 100% Romanian product line,” said Silviu Dumitrache, Braiconf President.