FUNDS
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PM Asks Ministers To Spend Public Investment Funds
Romanian Prime Minister Victor Ponta asked the ministers to spend the funds available for public investments by the end of the year, adding that the development requires money spent, not bud...
Quarterly Budget For Medical Drugs Should Include Extra Funding Worth RON175M – Drugmakers
The quarterly budget for medical drugs should be supplemented by RON175 million starting with the last three months of 2014, to meet the real needs of patients’ treatment, according to Roman...
Health, Defense, Education Ministries To Get Extra Money At Budget Revision
The Ministries of Health, Defense, Economy, Education, Transport, Labor, Culture And Interior will get extra money at the upcoming budget revision, while funds will be cut from the Finance a...
Private Equity Investments In Romania Saw Growth In 2013, First Time In Last 4 Years
Investments of private equity funds in Romania grew in 2013 for the first time in the last four years, seeing a 2.5-fold increase from 2012, to over EUR70 million, according to the European...
Mandatory Private Pension Funds Assets Up By RON3B In Last 6 Years
The assets of Romania’s mandatory private pension funds (Pillar II) rose by nearly RON3 billion in the last 6 years, reaching RON15.46 billion (EUR3.47 billion), the Pension Fund Association...
Papalekas’ Real Estate Fund Raises EUR144M On London Market For Further Investments
Globalworth Real Estate Investments, founded and owned by Greek businessman Ioannis Papalekas, one of the most active realty investors in Romania, raised EUR144 million on the London Stock E...
European Commission Grants Romania EUR74.3M For Oil Decontamination
The European Commission approved an investment of EUR74.3 million from the European Regional Development Fund to clean up several oil contaminated sites in several counties throughout Romani...
SMEs Can Get RON526M From BCR To Fund Working Capital
Romania’s largest bank BCR, a unit of Austrian Erste Group Bank AG (EBS.RO) earmarked up to RON526 million to fund small- and medium-sized enterprises (SMEs), with half of the financing guar...
SMEs Got RON2M From CEC Bank To Fund Working Capital In Last 2 Months
CEC Bank granted loans worth approximately RON2 million in the last two months via the Program on Guaranteeing Loans for Small and Medium Enterprises and is currently checking up loans worth...