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Posta Romana Seeks Loans Of RON100M To Fund Working Capital
Romania’s state owned postal company Posta Romana is seeking loans of 100 million lei to fund its working capital, for a total cost of RON8.8 million.
Ponta II Government Has EUR13 Billion To Repay In Four Years
The Ponta II Government will be faced with the repayment of the bulk of the record EUR19 billion loan that Romania took out from foreign lenders. The loan was approved in 2009 during the Dem...
Romcab Wants To Borrow EUR1.85M From Piraeus Bank
Romanian cable maker Romcab (MCAB. RO) plans to contract a short-term credit line of EUR1.85 million from Piraeus Bank.
RBS: Large Companies Would Rather Live With Exchange Rate Risk Than Borrow Lei At Higher Costs
The 6 percent gap between the interest rate on loans in the Romanian currency and that on loans in euros is too high for large companies, which means that even companies who do business excl...
EIB Considers EUR157M Loan For Thermal Rehabilitation In Bucharest
The European Investment Bank could extend a EUR157 million loan to the Bucharest authorities for the thermal rehabilitation of multi-storey residential buildings located in the city’s first...
EBRD Lends EUR175M To CFR To Improve Rail Infrastructure
The European Bank for Reconstruction and Development (EBRD) is extending a EUR175 million loan to Romania’s state-owned railway operator CFR to back reforms and improve rail infrastructure.
Some 10% Of Romanians Might Access Savings-Loan Products In Medium Term
The Romanian savings and loan product market has a high growth potential in the medium term, Aurelia Cionga, president of mortgage lender Raiffeisen Banca pentru Locuinte (RBL), said Tuesday...
Raiffeisen Bank, CEB Sign EUR80M Deal For SME Financing
Raiffeisen Bank Romania, a unit of Austria’s Raiffeisen group, Monday said it has signed a EUR80 million loan agreement with the Council of Europe Development Bank (CEB) to finance small- an...
Upet Borrows Funds To Finance Working Capital
Romanian oilfield equipment maker Upet Targoviste (UPET.RO) Tuesday said it will borrow $5 million from UniCredit Tiriac Bank and another EUR2.3 million from Raiffeisen Bank to finance worki...