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ProCredit Bank Romania Gets EUR11.4M Syndicated Loan To Fund SMEs
ProCredit Bank Romania will receive a syndicated loan worth EUR11.4 million, including EUR5 million from the European Bank for Reconstruction and Development (EBRD), to fund small- and mediu...
Banks Have Several Days Left To Come Up With Offers To Comply With New Lending Rules
Bankers did not rush to adjust their offers in line with the lending rules enacted by the central bank last fall and tried to make the most of the ninety-day time they had been given to draf...
Romanian Labor Ministry To Borrow RON650M From Treasury For EU-Funded Projects
The Romanian Government allowed the Labor Ministry to borrow 650 million lei (EUR149.5 million) from state funds obtained from privatization and deposited in the Treasury, to make payments w...
Raiffeisen Bank, Sister Co. Could Get EUR50M In EIB Money
The European Investment Bank is considering lending up to EUR50 million to Romanian financial institutions Raiffeisen Bank and Raiffeisen Leasing, the EIB said.
Electrica Seeks EUR70M Loan For Wind Farm
Romanian state-owned electricity supplier Electrica plans to take out a loan worth up to EUR70 million, for the construction of a wind farm in eastern Romania.
A Look Back On The First Year Of The IMF Precautionary Agreement
Romania sealed another two-year arrangement with the International Monetary Fund this spring, which it has so far treated as precautionary, as it has not drawn money from the amounts made av...
Romanian ELCEN Seeks Loan For Raw Materials
Romanian thermal power producer Electrocentrale Bucuresti (ELCEN) on Wednesday said it plans to take out a 5-year loan worth between 150 and 300 million lei (EUR35-70 million) to buy raw mat...
Banks Rejected Over Half Of Firms Which Asked For Government Guaranteed Loans
One third of the Romanian firms allowed to take out Government guaranteed loans through the “Mihail Kogalniceanu” program signed no contract with banks in the September 9-December 9, 2011 in...
EBRD Invests EUR7.8M In Water Infrastructure In NW Romania
The European Bank for Reconstruction and Development Thursday said it will extend a 30 million lei (some EUR7.8 million) loan to water utility company Aqubis SA to improve water services in...