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Government To Set Up Credit Fund To Help Farmers Co-Finance EU-Funded Projects
Banks-Insurance

Government To Set Up Credit Fund To Help Farmers Co-Finance EU-Funded Projects

The Romanian Government will create a credit fund meant to help farmers who want to carry out EU-funded projects co-finance investments, according to a draft emergency ordinance.

Ioana Tudor · 23.03.2012 · 17:04 · 1 min
Banks-Insurance

Romania To Limit Guarantees For Priority Investments To EUR300M This Year

Romania's Government will limit the value of guarantees issued this year to support investment projects in priority areas, funded through EU programs, to EUR300 million.

Radu Bostan · 13.03.2012 · 18:04 · 1 min
Lawyers: Restricting Right To Foreclose State's Shares Is Unconstitutional
Analysis

Lawyers: Restricting Right To Foreclose State's Shares Is Unconstitutional

The Romanian Government's plan to suspend for five years its creditors' right to seize or place distraint on shares in state companies is in breach of the Constitution and of EU law, and wil...

Radu Bostan · 25.01.2012 · 16:47 · 7 min
"First Home" Failure: Only 150 Customers Took Loans In Lei
Banks-Insurance

"First Home" Failure: Only 150 Customers Took Loans In Lei

Bankers sold almost EUR540 million worth of loans through the “First Home 4” scheme, one third of the value of the loans granted in the previous three iterations. Only 150 customers of a tot...

Loredana Frățilă-Cristescu · 11.01.2012 · 00:00 · 1 min
SME Loan Guarantee Fund To Pay Banks EUR31.8M This Year
Banks-Insurance

SME Loan Guarantee Fund To Pay Banks EUR31.8M This Year

Romania's SME loan guarantee fund estimates it will pay a total EUR31.8 million this year for loans issued by banks and not repaid, up 9% on the year, according to data presented Tuesday by...

Andrei Cîrchelan · 13.12.2011 · 14:01 · 1 min
Banks-Insurance

Platinum Underwrote EUR1.2B In Contract Bond Premiums In First 9 Months Since Launch

Romanian insurer Platinum Asigurari underwrote EUR1.2 million in contract bond premiums, in the nine months since the product was launched, and expects to end the year with revenue of EUR1.6...

Radu Bostan · 07.11.2011 · 14:28 · 1 min
Real Estate

Government Will Guarantee, Subsidize Loans For Work On Building Envelopes

Work on a residential building's envelope in Romania will be financed 10% by the beneficiary and 90% through bank loans, with government guarantees and subsidized interest.

Radu Bostan · 28.09.2011 · 19:51 · 1 min
Banks-Insurance

Romania To Guarantee Loans For SMEs In Trouble - Draft

The Romanian state will guarantee 80% of the value of loans taken out by SMEs and will subsidize up to 50% the interest on the loans contracted to help firms cope with problems caused by the...

Tudor Ioana Raluca · 15.06.2011 · 16:02 · 1 min