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Romania Has Already Paid EUR1.6B Interest To IMF And EU, Enough For 320 Km Of Highway
Romania’s EUR20 billion rescue package is now eating into the funding that should have gone to highways, railways and hospitals. The central bank and the Finance Ministry got an actual amoun...
Bank Analysts Say Romania Needs New Agreement With IMF As Guarantee For Reforms
Bank analysts say Romania needs a new loan with the International Monetary Fund after the Executive Board of the financial institution completed the last two reviews of Romania’s stand-by lo...
Volume Of Non-Performing Loans To Rise Unless Banks Unfreeze Lending
The volume of non-performing loans in Romania will continue to rise unless banks unfreeze lending, because companies undergoing restructuring can’t survive without access to new loans, accor...
CEC Bank Gets EUR45M EIB Loan To Finance SMEs
The European Investment Bank Wednesday said it will lend EUR45 million to Romanian state-run CEC Bank to finance projects of SMEs, mid-caps and public sector institutions in various economic...
SME Loan Guarantee Fund Head Says Firms Must Change Business Model
Small and medium-sized firms (SMEs) in Romania must change their business model, a measure more important and urgent than in the case of banks, as they are essential to the economy, Aurel Sa...
Mures County Council Seeks EUR20M Loan For Public Projects
The Mures County Council seeks a 15-year loan for RON89 million lei (EUR19.8 million) to fund public investments.
Agricover Borrows EUR15M From BSTDB; Agreement Signed Thursday
Romanian agribusiness group Agricover on Thursday signed an agreement with the Black Sea Trade and Development Bank (BSTDB) for a EUR15 million loan.
CEC Bank Takes EUR25M Loan From Council Of Europe Bank For SME Financing
Romanian state-run lender CEC Bank has secured a EUR25 million credit line from the Council of Europe Development Bank (CEB) to finance productive investment in the public and SME sectors, t...
Agricover Borrows EUR15M To Expand Business, Support Lending Arm
Romanian agribusiness group Agricover borrowed EUR15 million from Black Sea Trade and Development Bank to support its lending arm Agricover Credit IFN and expand its business.