FUNDING
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Six Romanian Banks To Fund SMEs with EUR400M
The European Investment Bank and the European Regional Development Fund will sign agreements with six Romanian banks Wednesday to finance small and medium-sized businesses with a total EUR40...
Bank Deleveraging Continued, Funding For Companies Up In 2016
The foreign debt of banks in Romania, which includes the short and long-term lines of credit from their parent banks, dropped by EUR3.4 billion last year and reached about EUR11.2 billion in...
Local High-Tech Startups Got More Than EUR50M Funding In 12 Years
The number of investments in local startups is still low, even though the pace of funding and the amount thereof has been rising in the past two or three years, as Romanian and foreign inves...
Romania Allots Over EUR300M For Animal Husbandry Sector
The Romanian Government on Friday approved funds worth over EUR300 million for aid payments in the local animal husbandry sector.
EU Assigns Over EUR179M For Romanian Section Of Bulgaria-Austria Gas Pipeline
The European Union has assigned EUR179.3 million for the development of the Romanian section of a natural gas pipeline connecting Bulgaria to Austria, while transiting Romania and Hungary.
Softronic Seeks EUR5M For Third Hyperion Train
Craiova-based electric locomotive and multiple unit manufacturer Softronic held by Romanian entrepreneurs is seeking funding for the construction of the third high-speed electric train Hyper...
Transgaz Wants To See EU Funds First Before Starting Work On Pipeline To Austria, Bulgaria And Hungary
Romania’s natural gas grid operator Transgaz (TGN.RO) plans to invest EUR200 million next year but the decision to begin work on its projects depends on it securing the co-financing from the...
Ursache: Capital Market Can Partly Cover Funding Gap
The capital market can partly cover the funding gap, but there are several factors to be considered, Mircea Ursache, vice-president of Romania’s Financial Supervisory Authority (ASF), told Z...
IFC Set To Shortly Grant EUR100M Funding In Romania
International Finance Corporation, the World Bank’s private investment arm, will announce the granting of funding worth as much as EUR100 million in the next ten days, with the institution a...