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Argus Constanta To Borrow RON70M From Banca Transilvania
Vegetable oil producer Argus Constanta (UARG.RO), owned by SIF Oltenia, will borrow RON70 million (EUR15.8 million) for one year from Banca Transilvania (TLV.RO), to buy raw materials.
Hidroelectrica Closes Fifth Credit Line In Last Five Months
Romanian insolvent power producer Hidroelectrica closed at the end of July the fifth credit line over the last five months, namely, a loan of EUR30 million contracted from RBS Bank in 2008.
Leu Mortgage Loans Triple In One Year
The stock of loans banks granted to those looking to buy a home stood at more than 5.9 billion lei (EUR1.34 billion) in mid this year, almost three times higher than in the year-ago period,...
Rise In Leu Lending Unable To Offset Decline In Foreign Currency Loans
Bank lending fell by almost 4% year-on-year in June, double as much as in May, due to the worsening decline in foreign currency loans and the slowdown of the growth of leu financing.
EIB Lends EUR30M To Romanian BCR Leasing For SMEs, Midcaps Financing
The European Investment Bank is lending EUR30 million to Romanian BCR Leasing to support the undertakings of small and medium-sized enterprises (SMEs), midcap companies and public entities i...
Prodplast Owner Seeks EUR35M Loan To Build Shopping Center In Bucharest
Romanian businessman Florin Pogonaru wants to borrow EUR35 million to finance the building of a shopping center in Bucharest via his real estate firms Prodplast Imobiliare, whose share capit...
Soceram Shareholders Ok EUR20M Loan, Non-Reimbursable Funds
Shareholders of construction materials producer Soceram approved the contracting of a loan up to EUR20 million and the accessing of non-reimbursable funds via programs specific to the compan...
Garanti Leasing Borrows EUR7M From European Fund for Southeast Europe
Financial leasing company Garanti Leasing on Thursday said it took out a loan of EUR7 million from the European Fund for Southeast Europe (EFSE) to finance fixed assets on the segment of sma...
Hidroelectrica Closes EUR75M Credit Line From Citibank
Romanian insolvent power producer Hidroelectrica has closed a EUR75 million credit line granted by Citibank International in 2009 and plans to pay back loans of EUR39 million by the end of t...