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IBRD Grants EUR50M Loan To Romania To Improve Disaster Risk Management
Romania has signed a loan agreement with the International Bank for Reconstruction and Development (IBRD), in the amount of EUR50 million, to fund a project aimed at enhancing disaster risk...
World Bank Lends EUR50M To Romania to Improve Disaster Response
The World Bank’s Board of Executive Directors on Wednesday approved a EUR50 million for the Romania Strengthening Disaster Risk Management Project, the institutions said in a press release.
EIB Supports Construction of Arctic White Goods Factory in Romania
The European Investment Bank (EIB) is lending EUR68 million to white goods producer Arctic to finance the construction of a large-scale washing machine production plant featuring advanced ma...
Survey: Bank And NBFI Loans Not A Priority For Companies
Loans from banks or non-bank financial institutions are the least likely sources of funding local companies consider, which prefer to either reinvest their profit, sell assets or turn to loa...
Banks Step Up Mortgage Lending
Banks have increased their stock of mortgage loans by almost 35% in the past year, which drove the home-buying loans to 42 billion lei (EUR9 billion) at the end of April 2018.
Agricover Credit IFN Takes Out EUR10M Loan From EBRD
Agricover Credit IFN, which provides financial and agribusiness services to farmers, has taken out a loan of EUR10 million from the European Bank for Reconstruction and Development (EBRD) in...
Direct One Gets EUR10M Loan from BCR, BRD To Extend Bucharest Fiber Optic Network
Communications network operator Direct One, owned by Romanian entrepreneurs Teofil Muresan and Simion Muresan, has extended a EUR36 million club loan credit facility by another EUR10 million...
EIB Cancels EUR465M Loan to Romania for Subway Line Over Delays
The European Investment Bank (EIB) has canceled a loan of EUR465 million granted to Romania in 2011 for the Universitate-Pantelimon section of Bucharest's fifth subway mainline as no funds w...
Patria Bank Borrows EUR8.6M From Majority Holder to Strengthen Market Position
Romanian lender Patria Bank contracted two loans last week totaling EUR8.6 million from its majority shareholder EEAF Financial Services BV.