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Timisoara Airport Gets EUR2M Loan From Bancpost For Working Capital
Bancpost has granted the Timisoara Airport a line of credit of EUR2 million for a three-year period, to finance working capital, the bank said Wednesday.
Shareholders Lent Companies RON120B, More Than Banks Did
Loans granted directly by shareholders or partners to companies – common practice especially with small and medium-sized businesses, as well as with foreign-held companies, rose during the c...
Finance Ministry Repays EUR1.5B Of EU Loan, EUR5B Left
The Finance Ministry repaid the first EUR1.5 billion tranche of the loan it took from the European Commission in 2009. The amount equals half of this year’s projected budget deficit.
Banks Forced To Replace EUR10B Foreign Lines Of Credit With Local Deposits In Six Years
Over the last six years, the foreign banks that control 90% of Romania’s banking system have withdrawn EUR10 billion worth of lines of credit extended to their local subsidiaries during the...
Polisano Borrows EUR15M From BRD, Seeks Additional EUR15M To Fund Working Capital
Pharmaceutical distributor Polisano, owned by the Vonica family in Sibiu, has signed a new financing agreement for EUR15 million with BRD Societe Generale and is negotiation another EUR15 mi...
Rompetrol Rafinare, KMG Companies Borrow $390M From Four Banks
Rompetrol Rafinare (RRC.RO), Rompetrol Downstream, KazMunayGas Trading AG and KMG Rompetrol, units of oil group KMG International, plan to contract a $390 million loan from lenders BCR, UniC...
Consumer Lending Down By Over RON5B In 2014
The consumer lending growth that had restarted last summer stopped at the end of the year again, so new sales in November and December did not offset loan repayment and written off non-perfo...
Congaz Constanta To Get RON45M Loan From GDF SUEZ
Local natural gas distributor Congaz Constanta will pay back a loan it took in 2013 from UniCredit and will take a loan of up to RON45 million from its majority shareholder, GDF SUEZ Energy...
IMF Team To Review Romania Loan In Jan 27-Feb 10
A delegation of the International Monetary Fund will arrive in Romania next week to review the country’s progress under a EUR2 billion precautionary agreement signed in September 2013.