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FINANCING

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Social/Politics

Romanian Government To Issue Household Bonds With Up to 5% Interest

Romania's finance ministry will seek to borrow money from households instead of banks, with three new household bond issues with interests of up to 5%, it said in a press release.

Oana Gavrila · 04.02.2019 · 13:00 · 1 min
Chimcomplex Borzesti Gets Total Financing of EUR164M to Buy Oltchim Assets
Companies

Chimcomplex Borzesti Gets Total Financing of EUR164M to Buy Oltchim Assets

Chemical producer Chimcomplex Borzesti has total financing of EUR164 million to acquire assets of state-owned chemical plant Oltchim, of which EUR30 million from Credit Suisse.

Oana Gavrila · 12.12.2018 · 16:42 · 1 min
Transgaz Gets EUR46M EU Funds For Project In NE Romania
Companies

Transgaz Gets EUR46M EU Funds For Project In NE Romania

Romania's natural gas transmission company Transgaz Medias has obtained financing worth EUR46 million in order to fund a project in North-East Romania, Economy Ministry officials said Friday...

Ecaterina Craciun · 28.09.2018 · 15:37 · 1 min
Government Approves EUR1B Funds For Investments In Cultural Objectives
Social/Politics

Government Approves EUR1B Funds For Investments In Cultural Objectives

Romania’s Government has passed on Thursday an emergency decree granting funds worth EUR1 billion for multiannual investments in historical monuments, libraries and museums.

Ecaterina Craciun · 19.07.2018 · 19:04 · 1 min
ROBOR Rise Adds EUR600,000 To Cris-Tim’s Financing Costs
Companies

ROBOR Rise Adds EUR600,000 To Cris-Tim’s Financing Costs

Cris-Tim, the leader of the cold cuts markets in Romania, paid EUR600,000 more to banks in the past year due to the rise in ROBOR, which is more than the management had expected. This additi...

Loredana Frățilă-Cristescu · 09.07.2018 · 09:27 · 2 min
Patria Bank Gets EUR20M from European Investment Fund to Finance Small Businesses
Banks-Insurance

Patria Bank Gets EUR20M from European Investment Fund to Finance Small Businesses

Romanian lender Patria Bank, owned by investment fund Axxess Capital, is accessing a EUR20 million credit line from the European Investment Fund (EIF) to finance small businesses.

Oana Gavrila · 03.07.2018 · 15:49 · 1 min
KPMG Romania, Spherik Accelerator Launch Acceleration Program To Support Startups
Companies

KPMG Romania, Spherik Accelerator Launch Acceleration Program To Support Startups

KPMG in Romania and Spherik Accelerator on Thursday launched Startup Growpad, a program to help startups find the right resources and financing they need to develop and grow.

Oana Gavrila · 03.05.2018 · 16:32 · 1 min
Eximbank Coordinates Syndicate Financing For Vast Romanian Export Project In Greece
Banks-Insurance

Eximbank Coordinates Syndicate Financing For Vast Romanian Export Project In Greece

EximBank has coordinated a syndicate financing which, along with the facilities offered by European Bank for Reconstruction and Development (EBRD) and Black Sea Trade and Development Bank, a...

Ecaterina Craciun · 14.03.2018 · 13:44 · 1 min
The Black Sea Trade and Development Bank Finances Development Of Greece’s Energy Potential
Banks-Insurance

The Black Sea Trade and Development Bank Finances Development Of Greece’s Energy Potential

The Black Sea Trade and Development Bank (BSTDB) provided a loan of up to $52.5 million to Energean Oil & Gas, a Greek exploration and production company to accelerate the development of Gre...

Ecaterina Craciun · 01.02.2018 · 17:53 · 1 min