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IMF Loan Review Delay To Have Limited Impact On Markets - Analysts
A likely delay in the approval of the International Monetary Fund’s review of its loan program with Romania should have limited impact on the markets, as the country has no intention to draw...
Basescu Refuses To Sign Memorandum For New IMF Loan Agreement
Romania’s President Traian Basescu said Monday he decided not to sign a memorandum concerning the country’s new loan agreement with the International Monetary Fund, adding that he objects to...
Enel Green Power Gets EUR200M Loan For Wind Projects In Romania
The European Investment Bank will provide a credit line worth EUR200 million to Italy’s Enel Green Power International BV for wind energy investment in Romania, Enel said in a statement Mond...
SMEs May Use State-Guaranteed Loans Only For Working Capital
Romanian small and medium-sized enterprises (SMEs) that access a state-supported program that guarantees loans for SMEs may use the funds drawn from credit lines exclusively to finance worki...
Hidroelectrica Seeks EUR400M Loan To Upgrade Units
Romanian state-run hydropower generator Hidroelectrica is negotiating with a large European bank a EUR400 million credit line to upgrade four of its units, the head of the company’s supervis...
BCR BpL Loan Portfolio Doubles To RON100M This Year
Romanian mortgage lender BCR Banca pentru Locuinte (BCR BpL) has provided financing of over 100 million lei (EUR22.5 million) this year, double on the year, through 1,500 contracts.
EIF, Banca Transilvania Sign EUR21M Agreement For SME Financing In Romania
The European Investment Fund and Romanian bank Banca Transilvania (TLV.RO) have signed a EUR21 million financing agreement under the European Progress Microfinance Facility for on-lending to...
Romania Seeks New EUR1B Loan From World Bank Unit
Romania has asked for a new EUR1 billion development policy loan from the World Bank, part of a larger EUR4 billion program aimed at financing the country’s budget deficit, Finance Minister...
EBRD Provides EUR7.4M Loan For Water System Upgrade In NE Romania
The European Bank for Reconstruction and Development (EBRD) is providing a loan worth EUR7.4 million to co-finance a Romanian EU-funded regional investment program of EUR102.5 million in Bot...