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World Bank Approves EUR750M Budget Support Loan For Romania
The Board of Directors of the World Bank Group has approved a EUR750 million budget support loan (DPL) for Romania, which targets the modernization of public expenditures and improvement in...
Azomures Borrows EUR66M To Upgrade Urea Plant
Romanian chemical fertilizer maker Azomures has borrowed EUR66 million from Czech banks Ceska Sporitelna and Ceskoslovenska obchodni banka to upgrade its urea melt plant, the company said in...
Banca Transilvania Borrows $40M From IFC To Boost Capital Base
The International Finance Corporation, the private sector arm of the World Bank Group, will provide a $40 million subordinated loan to Romanian lender Banca Transilvania (TLV.RO) to strength...
Loan Restructuring Program Is Rather An Electoral Measure - ARB Head
Romanian Banking Association (ARB) considers that the government’s loan restructuring program is rather an electoral measure, Florin Danescu, ARB executive president, told a financial semina...
Garanti Leasing Borrows EUR7.5M To Finance SMEs
Garanti Leasing has signed a five-year loan agreement for EUR7.5 million with Black Sea Trade and Development Bank (BSTDB), which it plans to use to continue lending to small and medium-size...
Unirea Shopping Center Seeks Bank Loan Of Up To EUR70M For Investments
Romania’s Unirea Shopping Center (SCDM.RO) wants to take out a bank loan of up to EUR70 million for investments planned on the two shopping centers it holds in Bucharest and Brasov.
Share Of Homeowners Taking Out Mortgage Loans Tripled YoY In 2013
The share of homeowners who took out a mortgage loan tripled on the year in 2013, while the average value of a loan reached RON140,000 (EUR31,700), according to a study conducted by local le...
Finance Ministry Has EUR8B Left To Repay To Foreign Lenders From 2009 IMF-Led Loan
The Finance Ministry has almost EUR8 billion left to repay of the about EUR20 billion record loan it took out together with the central bank from international financial institutions in 2009...
Banca Carpatica Grants RON9M Financing For Green Energy Project
Romanian commercial lender Banca Comerciala Carpatica (BCC.RO) Friday said it granted a loan worth 9 million lei (EUR2 million) to Genesis Biopartner which will use it to build a new cogener...