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Was ‘First Home’ Created For Banks Or People?
About 72,000 Romanians have borrowed more than EUR2.8 billion to buy a home through the “First Home” scheme in the last three years, but the money was mostly spent on old apartments, accordi...
Romanians Spent EUR13B On Loan Instalments, Gas, Alcoholic Drinks, Phone Bill And Cigarettes In 2011
Romanians spent about EUR13 billion on loan installments, fuel, alcohol, cell phone bill and cigarettes, about half or 46% of the total net wages and pensions collected in 2011. The rest of...
BCR And BRD Get Another EUR105 Million For First Home Loans
BCR and BRD, Romania’s leading banks, got an additional EUR105 million to their guarantee cap for the sale of mortgage loans via the government-backed “First Home” scheme.
RCS&RDS Took Out Money From Citi To Pay 900-Mhz License - Sources
RCS&RDS borrowed on August 9 EUR25 million from Citibank in order to be able to quickly pay the tax charged by telecom market regulator ANCOM to operators that win one of the frequency block...
RCS&RDS Takes Up To EUR25M Loan From Citibank For Radio Spectrum Auction
RCS&RDS SA, one of the largest telecom operators in Romania, controlled by businessman Zoltan Teszari in Oradea, took out on August 9 a maximum EUR25 million loan from Citibank Romania, acco...
BNR Reports Profit On Currency After Installment Repayment To IMF
Romanian central bank governor Mugur Isarescu Monday said the bank has made profit on currency movements after repaying the first tranche of the country’s EUR12.95 billion loan agreement wit...
Central Bank Makes First Principal Payment On Romania’s IMF Loan As Leu Hits New Low
Romania’s central bank (BNR) on Monday makes its first principal payment on Romania’s EUR12 billion loan from the IMF, amounting to around EUR670 million from its forex reserve.
EBRD Invests EU7.8M To Improve Water Services In Satu Mare
The European Bank for Reconstruction and Development has extended a 33.2 million lei (EUR7.8) loan to water utility Apaserv Satu Mare for water and wastewater infrastructure improvements in...
Transelectrica Takes New Loan To Finance Unit Upgrades
Romanian energy company Transelectrica (TEL.RO) Wednesday said it will borrow EUR42 million to finance upgrade works at its power stations.