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Tax Authority Sends Letters Instead Of Focusing On Tax Collection Improvement
The tax authority, the institution that should make sure the government collects all the due taxes, has turned overnight into a sender of letters informing taxpayers that they are eligible f...
Raiffeisen International Extends EUR27.5M Loan To Romanian Solar Power Producer
Austria's Raiffeisen Bank International has extended a EUR27.5 million loan to Bucharest-based solar power producer LJG Green Source Energy Gamma, owned by Austria's Core Value Investments &...
KMG International, Former Rompetrol, Borrows $200M From Several Banks To Refinance Loans
KMG International NV, formerly The Rompetrol Group NV, contracted a credit line of $200 million from several banks, at the end of August, which will be used to refinance loans and back the c...
IMF To Review Romania Loan In Brussels Next Week
Representatives of the Romanian government and central bank will go next week to Brussels for the next review of the loan agreement with the International Monetary Fund, marking the first ti...
Romelectro Seeks RON54M Loan From EximBank
Romelectro, a service provider for the energy industry, wants to take out a RON54 million loan from EximBank and plans to use part of it in a project for state-run power grid operator Transe...
AFI Europe Gets EUR32M Loan From BCR To Finance Two AFI Park Office Buildings
Romanian lender BCR has granted a EUR32 million loan to AFI Europe for the completion of works on a second and third office building in the developer's AFI Park office compound in Bucharest,...
Astra Vagoane Calatori Gets EUR10M Loan From EximBank
Railroad car manufacturer Astra Vagoane Calatori, one of the 20 largest Romanian-owned private sector exporters, took out a EUR10 million line of credit from EximBank for two years, accordin...
Water Utility Raja Constanta Gets EUR10M Loan To Extend Services
The European Bank for Reconstruction and Development has extended a EUR10 million loan to SC Raja SA Constanta, one of the largest water utilities in Romania, to extend and modernize its wat...
Isarescu: Decision To Cut Key Rate To 3.25% Not An Easy One
Romania’s central bank (BNR) decision to cut the key rate to 3.25% was not an easy one considering the potential response of commercial lenders, as already seen, to first cut deposit interes...