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Romanian Companies Owe EUR11B To Banks Abroad
Romanian companies had EUR11 billion worth of loans taken directly from banks abroad in mid this year, EUR500 million less than in September 2012, according to the data published by the cent...
Interest Rates On Mortgage Loans In Lei Fall Below 7% A Year
The annual percentage rates for the cheapest offers of real estate loans in lei have settled around 6% after banks have in the past two weeks adjusted the cost of loans to the trend of inter...
IMF: Political Tensions Could Put Romanian Reforms At Risk
Romania could miss some of its targets assumed under a EUR2 billion follow-up agreement with the International Monetary Fund because of political risks, particularly prior to the presidentia...
Ghetea Not Worried About Loss To Banking System Due To Swiss Loan Court Cases
Radu Gratian Ghetea, president of the Romanian Banking Association (ARB), says he is not worried about loss to the banking system as a result of court cases that could be brought by individu...
Leu Reaches Lowest Rates On Money Market Ever
The three- and six-month ROBOR rates, the indicators of the money market used as a reference when setting prices for leu loan contracts, have plunged to all time lows of less than 4% this ye...
IMF Approves New EUR2B Loan For Romania
The executive board of the International Monetary Fund on Friday approved a new EUR1.98 billion precautionary credit line for Romania, making this the third financial package the eastern Eur...
Electrocarbon Seeks EUR15M Loan To Build 4 Micro Hydropower Plants
Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO) plans to borrow up to EUR15 million to finance the construction of four micro hydropower plants on Doftana River, Prahova...
TMK Artrom Approves Taking Out EUR27M Loan
Romanian TMK-Artrom Slatina (ART.RO), controlled by Russia’s steel pipe maker TMK, on Thursday approved taking out a loan of up to EUR27 million from UniCredit Tiriac Bank to refinance old d...
A&D Pharma Gets EUR190M Syndicated Loan From UniCredit, BCR And BRD
Sensiblu, part of pharmaceutical group A&D Pharma, has attracted a factoring facility from lenders BCR and UniCredit Tiriac Bank for the lei equivalent of EUR100 million.