BAILOUT
3 articole · RSS
Companies
Blue Air Needs EUR60M Rescue Loan to Survive Covid-19 Crisis
Romanian airline Blue Air, which was forced to put 90% of employees on furlough, needs a rescue loan of EUR60 million to survive the Covid-19 crisis, said company CEO Oana Petrescu.
Banks-Insurance
Volksbank To Become Newest State-Owned Bank In Romania
Volksbank Romania, the only bank in Central and Eastern Europe still held by Austrian group Volksbank, will be indirectly controlled by the government in Vienna as of Thursday once the natio...
Banks-Insurance
Volksbank Rescued For The Third Time By Austrian State, Keeps Plans To Exit Romania
Austria's government invests a further EUR250 million in Volksbank’s capital after taking a 70% loss from a previous EUR1 billion injection, this being the third time since 2008 that the Aus...