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Helios Phoenix Gets EUR21.3M Loan From Alpha Bank London To Finance Logistic Parks In Romania
Greek industrial park developer Helios Phoenix got a EUR21.3 million loan from Alpha Bank London to finance its projects in Romania.
Galati To Upgrade Urban Transport With RON100M EBRD Loan
The European Bank for Reconstruction and Development (EBRD) has granted the Romanian city of Galați a RON100 million loan (EUR22.6 million) and EUR900,000 grant-based assistance for urban tr...
IFC Lends Garanti Leasing EUR7M For SMEs
International Finance Corporation, a member of the World Bank Group, has granted a EUR7 million credit line to Garanti Leasing Romania for the financing of SMEs, of which EUR4 million to be...
Papalekas Takes EUR30M Loan From BCR To Refinance Center International
Greek businessman Ioannis Papalekas borrowed around EUR30 million from BCR to refinance office building Tower Center International (TCI), which hosts the headquarters of Hidroelectrica and t...
Romania’s Debt To International Lenders Down To EUR9B
The central bank and the Finance Ministry have only EUR2.2 billion left to repay of the loan Romania took from the International Monetary Fund in 2009, with the former repaying most of this...
Corporate Bank Deposits Up To RON84B Despite Low Interest
Companies keep 84 billion lei (EUR19 billion) in banks, having increased their deposits by 8% in the past year, even though interest rates are below 2%, which clearly shows how little appeti...
EBRD Looks Into Lending EUR23M To ETI European Food Industries
The European Bank for Reconstruction and Development (EBRD) is looking into granting a long term loan of up to EUR23 million to ETI European Food Industries, the Romanian subsidiary of Turke...
NBFIs To Start Offering Loans For EU-Funded Farming Investment Projects
Non-bank financial institutions (NBFI) will start selling loans next year to farmers looking to get EU funds for their investments under a new EU agriculture funding program. The EU funds av...
Slow Shift To Leu Lending, As 62% Of Retail Loans Still In Foreign Currency
The financial crisis of the last six years, which affected the exchange rate as well, has not convinced customers and banks to reduce exposure to foreign exchange risk, so 62% of the loans g...