FINANCING
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Romanian Sibiu-Pitesti Highway To Be Built With EU Funds
Romania's Transport Ministry has given up trying to finance the construction of the Sibiu-Pitesti highway through public-private partnership, announcing the project will attract European fun...
Romania To Secure Credit Lines Everywhere In Case Eurozone Derails – President
Romania is securing credit lines at the World Bank, the European Union, and “wherever” to have a fallback in case things take a turn for the worst in the eurozone, President Traian Basescu t...
UniCredit: External Financing Remains Romania’s Main Challenge In 2012
External financing could prove costly for Romania in the first half of 2012 and the country may have to tap into a EUR5 billion loan made available through a precautionary program from the I...
Romania To Cut Co-Financing Rate For EU-Funded Projects By 10 Pps
The Romanian Government wants to temporarily reduce the national co-financing rate for EU-funded projects by 10 percentage points, based on a new EU regulation which increased the European c...
EC Approves Funds For 27 Km Segment Of Lugoj-Deva Highway
The European Commission has approved non-refundable financing for the construction of the 27.4 km-long Lugoj-Dumbrava segment of Romania's Lugoj-Deva highway, through a EUR205.9 million proj...
Boagiu: EU Funds For Contested Highway Section Can Be Redirected
The EU financing for a section of the Timisoara-Lugoj Highway will not be lost and can be directed to other projects if the European Commission decides to withdraw the funding, said Romanian...
Romania To Withdraw RON50M From Counties With Procurement Problems
Romania's Regional Development Ministry will withdraw about 50 million lei (EUR11.5 million) in financing from several counties where irregularities were reported concerning public procureme...
European Commission OKs EUR724M Funding For Two Romanian Highways
The European Commission has approved non-reimbursable funding for two Romanian highways that will cost EUR850.7 million to build.
Porsche Finance Group Issued Funding Worth EUR73M In 1H
Porsche Finance Group on Wednesday said it has granted funding worth a total EUR73 million in the first six months of the year, up 15% on the same interval of 2010, helped mainly by the leas...