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Finance Ministry Raises RON1.93B From Banks Via Two Bond Issues On Dec. 16
Banks-Insurance

Finance Ministry Raises RON1.93B From Banks Via Two Bond Issues On Dec. 16

Romania's Finance Ministry raised RON1.93 billion from banks on Monday (Dec.16), selling government paper in two auctions, at annual average yields of 6.40% and 7.05%, respectively.

Ecaterina Craciun · 16.12.2024 · 15:40 · 1 min
tbi bank: 6 In 10 Romanians Earmark Less Than RON700 For Christmas Gifts In 2024, Similar To 2023 Level
Banks-Insurance

tbi bank: 6 In 10 Romanians Earmark Less Than RON700 For Christmas Gifts In 2024, Similar To 2023 Level

The average budget for Christmas gifts in 2024 reaches RON700 at most for six in ten Romanians, similar with last year's budget, according to a nationwide survey carried out at the initiativ...

Ecaterina Craciun · 16.12.2024 · 14:18 · 1 min
European Bank for Reconstruction and Development Provides Guarantee On EUR40M Loan To Omnia Romania
Banks-Insurance

European Bank for Reconstruction and Development Provides Guarantee On EUR40M Loan To Omnia Romania

Banca Transilvania (stock symbol: BT) is lending EUR40 million to Omnia Europe SA (Omnia Romania), a leading corn starch producer and owner of the largest starch factory in Romania and south...

Ecaterina Craciun · 13.12.2024 · 17:46 · 1 min
Finance Ministry Raises EUR2.2B From Banks Via Two Bond Issues On Dec. 12
Banks-Insurance

Finance Ministry Raises EUR2.2B From Banks Via Two Bond Issues On Dec. 12

Romania's Finance Ministry raised EUR2.28 billion from banks on Wednesday (Nov 27), selling government paper in two auctions, at annual average yields of 6.49% and 7.19%, respectively.

Ecaterina Craciun · 12.12.2024 · 19:23 · 1 min
Owner Of Bucharest's Unirii View Office Building Gets EUR29.5M Credit Facility From BCR To Refinance Bank Loan
Real Estate

Owner Of Bucharest's Unirii View Office Building Gets EUR29.5M Credit Facility From BCR To Refinance Bank Loan

The company Unirii View S.R.L., part of Weerts Group and the developer of Bucharest-based office building Unirii View Tower, has accessed a credit facility of EUR29.5 million granted by lend...

Ecaterina Craciun · 12.12.2024 · 18:39 · 1 min
Patria Credit Signs Agreement With European Investment Fund For Nearly RON300M Loan Guarantees To Farmers
Companies

Patria Credit Signs Agreement With European Investment Fund For Nearly RON300M Loan Guarantees To Farmers

Patria Credit IFN SA, a non-bank financial institution part of Patria Bank Group, has announced on Dec. 11 that it has signed an agreement with the European Investment Fund (EIF), via the In...

Ecaterina Craciun · 11.12.2024 · 19:30 · 1 min
Garanti BBVA Leasing Takes Out EUR20M Loan from BSTDB To Aid Romania SMEs
Banks-Insurance

Garanti BBVA Leasing Takes Out EUR20M Loan from BSTDB To Aid Romania SMEs

Garanti BBVA Leasing, part of Garanti BBVA Romania, is strengthening its commitment to support SMEs in Romania by taking out a EUR20 million loan from the Black Sea Trade and Development Ban...

Claudia Medrega · 11.12.2024 · 09:44 · 1 min
Mircea Cotiga Takes Over As CEO Of TechVentures Bank
Banks-Insurance

Mircea Cotiga Takes Over As CEO Of TechVentures Bank

Mircea Cotiga, with 16 years of experience in the financial sector and six years as entrepreneur, has taken over the position of Chief Financial Officer (CEO) and member in the Board of Dire...

Ecaterina Craciun · 10.12.2024 · 18:57 · 1 min
Romania's Central Bank Approves Internal Regulation On General Framework For Emergency Liquidity Assistance
Banks-Insurance

Romania's Central Bank Approves Internal Regulation On General Framework For Emergency Liquidity Assistance

Romania's central bank has announced in a press statement on Dec.10 that its Board of Directors approved on September 30, 2024 the Internal Regulation on the general framework for emergency...

Ecaterina Craciun · 10.12.2024 · 16:34 · 1 min