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Rafo Seeks EUR70M Loans For Upgrades
Romanian refinery Rafo Onesti (RAF.RO) seeks to borrow EUR60 million from external creditors and EUR10 million from its majority shareholder, Petrochemical Holding Austria, in an installatio...
Prospectiuni Seeks EUR4.2M Loan To Buy Drilling Equipment
Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO) plans to borrow up to EUR4.2 million to purchase drilling equipment, the company said in a statement Wednesday.
Dairy Maker Olympus Romania Borrows EUR30M From Black Sea Bank
Greek dairy maker Olympus on Wednesday announced it has taken out a EUR30 million loan from Black Sea Trade and Development Bank (BSTDB), with a seven-year timeframe, to increase export capa...
Rompetrol Group Gets 5-Year $200M Syndicated Loan
Romanian second largest oil group Rompetrol NV, a unit of Kazahstan’s KazMunayGas, has signed a five-year $200 million syndicated loan agreement with a consortium of banks led by Italy’s Uni...
Electrocentrale Deva Seeks RON200M Loan For Eco Works
Electricity producer Electrocentrale Deva, held by Romanian state-owned power producer Termoelectrica, plans to contract a loan worth 200 million lei (EUR46 million) for environment investme...
Mortgage Loans In Lei Twice As Expensive As Those In Czech Crowns Or Polish Zloty
Romanian banks charge up to 5% higher margins on loans in lei than Polish and Czech banks do on loans in their local currencies. Loans in lei are much more expensive even though interbank in...
Lidl Gets EUR50M Loan For Stores In Small Towns
German retailer Lidl has secured a EUR50 million loan from the International Finance Corporation (IFC), the private investment division of the World Bank, to finance its expansion in Romania...
Thermal Power Producer Rovinari Seeks RON176M Loan For Eco-Investment
State-owned power producer CE Rovinari seeks a loan worth 176 million lei (EUR40.5 million) for investment in the reduction of pollution.
UniCredit Bank Austria Lends EUR13.4M To AFI Europe For Bucharest Office Project
Developer AFI Europe, member of AFI Group, received funding worth EUR13.4 million from UniCredit Bank Austria, to develop the first of five buildings within the AFI Business Park Cotroceni p...