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Sporis, Raiffeisen: Entrepreneurs Complain They Can’t Get Loans, But Wouldn’t Risk Their Wealth
The interest rate has become an accessory in the business of lending to companies, with the key aspect being banks’ confidence they will recoup their money, says Cristian Sporis, executive v...
ELCEN Wants To Borrow RON200M To Buy Fuel
Romanian state-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) wants to borrow 200 million lei (EUR45 million) from banks to buy fuel for energy production betwe...
EU Approves EUR2B Precautionary Financial Assistance For Romania
The European Union Council has approved a new EUR2 billion precautionary financial assistance program for Romania in conjunction with a similar two-year loan from the International Monetary...
Romania Draws EUR700M Under World Bank Loan Facility
Romania drew Wednesday EUR700 million of its EUR1 billion loan signed with the World Bank Group in 2012, Minister-delegate for Budget Liviu Voinea said in a statement.
Dafora Seeks RON28.7M Loan To Finance Activity
Romanian drilling company Dafora Medias (DAFR.RO), controlled by businessman Gheorghe Calbureanu, plans to borrow 28.7 million lei (EUR6.4 million) from lender Banca Transilvania to finance...
IMF Mission To Arrive In Romania October 22 For First Review Of New Loan
Joint teams from the International Monetary Fund and the European Commission will arrive in Bucharest on October 22 for the first review of Romania’s progress under a EUR4 billion loan progr...
GDF Suez Energy Romania Borrows RON180M To Finance Business Activity
Electricity and gas distributor GDF Suez Energy Romania, a unit of French-Belgian utility GDF Suez, has borrowed 180 million lei (EUR40.4 million) to finance its current business operations.
NEPI Borrows EUR30M From UniCredit Tiriac Bank To Refinance Lakeview Office Building
Romanian lender UniCredit Tiriac Bank has granted South African investment fund NEPI a EUR30 million credit line, the bank said Monday.
Banca Romaneasca Lends EUR5.4M To Terra Muntenia For 5-MW Solar Project
Businessman Jean Valvis is investing EUR8.9 million in a 5-megawatt photovoltaic park in Calarasi county, southern Romania, and the project is close to completion.