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FINANCING

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Smartwatch Producer Vector Watch Gets $5M Financing
Technology &Telecoms

Smartwatch Producer Vector Watch Gets $5M Financing

Gecad group, owned by Radu Georgescu, announced a new investment, worth $2 million, in smart watch producer Vector Watch, alongside a $3 million investment from Catalyst Romania and several...

Gabriela Stan · 25.11.2015 · 13:06 · 1 min
Romania Allots RON984M For Programs Financed From EU Structural Funds
Social/Politics

Romania Allots RON984M For Programs Financed From EU Structural Funds

The Romanian Government decided Wednesday to temporarily allot RON984 million from privatization proceeds to provide financing for the month of September for the operational programs finance...

Ecaterina Craciun · 02.09.2015 · 18:28 · 1 min
UniCredit Leasing’s Financing At EUR162M In 1H, Driven By Vehicles, Agriculture, IT Sectors
Companies

UniCredit Leasing’s Financing At EUR162M In 1H, Driven By Vehicles, Agriculture, IT Sectors

UniCredit Leasing financed assets of EUR162 million (nearly 720 million lei) in the first semester, similar with 2008, namely before the burst of the financial crisis that meant a downfall o...

Manuela Panescu · 25.08.2015 · 15:00 · 1 min
AFI Europe Gets EUR39M Financing From Leumi For AFI Park 4, 5
Retail&Consumer

AFI Europe Gets EUR39M Financing From Leumi For AFI Park 4, 5

Real estate developer AFI Europe has signed a financing agreement worth EUR39 million with Bank Leumi Romania, for completing the construction of office buildings AFI Park 4 and 5, the fourt...

Gabriela Stan · 20.07.2015 · 13:00 · 1 min
Romania’s Railway Infrastructure Needs RON17.4B Investments In 2015
Automotive

Romania’s Railway Infrastructure Needs RON17.4B Investments In 2015

Romania's railroad company CFR estimates that the country’s railway infrastructure needs investments of RON17.4 billion (EUR3.9 billion) in 2015, nearly four times higher than RON4.6 billion...

Ecaterina Craciun · 03.07.2015 · 13:35 · 1 min
Banks-Insurance

ING Revises Stance On Greek Banks' Romanian Subsidiaries

ING Bank has revised its claim that the Romanian state could end up covering the financing Greek-owned banks in Romania currently get from their mother banks in the event Greece exits the eu...

Oana Gavrila · 02.07.2015 · 17:16 · 2 min
ING: Romania Could Finance Greek Banks' Local Subsidiaries By Up To EUR2.5B
Banks-Insurance

ING: Romania Could Finance Greek Banks' Local Subsidiaries By Up To EUR2.5B

Romania could cover Greek banks' local subsidiaries financing from mother banks, estimated at EUR2.5 billion, which would have an impact of up to 1.5% of GDP and would affect the country's s...

Oana Gavrila · 01.07.2015 · 13:06 · 1 min
Globalworth Gets EUR45M Financing To Complete Bucharest One And For Acquisitions Or Other Projects
Real Estate

Globalworth Gets EUR45M Financing To Complete Bucharest One And For Acquisitions Or Other Projects

Real estate investment firm Globalworth, founded and run by Greek businessman Ioannis Papalekas, obtained a short-term financing facility of EUR45 million from Oak Hill and York Capital grou...

Ecaterina Craciun · 30.06.2015 · 16:28 · 1 min
Raiffeisen To Boost Financing By EUR50M For SME Loans Under JEREMIE Program
Banks-Insurance

Raiffeisen To Boost Financing By EUR50M For SME Loans Under JEREMIE Program

Romanian lender Raiffeisen Bank will increase by EUR50 million the financing for the loans granted to small and medium-sized enterprises (SMEs) via the Joint European Resources for Micro to...

Gabriela Stan · 26.06.2015 · 13:56 · 1 min