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Social/Politics

Romanian Agriculture Ministry To Borrow Over EUR300M From Treasury To Pay Subsidies

Romania’s Agriculture Ministry will borrow EUR311 million from the state treasury to pay off subsidies, Prime Minister Emil Boc said late Wednesday.

Oana Gavrila · 17.11.2011 · 11:21 · 1 min
Banks-Insurance

Avicola Buzau To Take RON15.6M Loan From Eximbank

Shareholders of poultry meat producer Avicola Buzau (AVZU.RO) allowed the company to take out a 15.6 million lei (EUR3.6 million) loan from Eximbank, to use as working capital and to refinan...

Andrei Cîrchelan · 10.11.2011 · 19:11 · 1 min
Energy

Thermal Power Producer Rovinari Seeks EUR34M Loan For Eco-Investments

Romanian state-owned thermal power producer Rovinari will take out a RON148 million loan (EUR34 million) for desulphurization works, company general manager Tiberiu Trotea told MEDIAFAX.

Andrei Cîrchelan · 10.11.2011 · 18:07 · 1 min
Technology &Telecoms

RCS&RDS About To Take EUR300 Million Loan

Telecom operator RCS&RDS, controlled by businessman Zoltan Teszari, is in talks with a group of banks over a EUR300 million loan. The five-year loan will be used to settle maturing debt.

Adrian Seceleanu · 01.11.2011 · 00:00 · 1 min
Retail&Consumer

Carrefour Romania Takes EUR30M Loan From Danish Peer For New Units

Carrefour Romania has borrowed EUR30 million from the Danish subsidiary of the French group, and it plans to launch to hypermarkets in Romania, according to an announcement published Wednesd...

Andrei Cîrchelan · 26.10.2011 · 16:02 · 1 min
Banks-Insurance

About 40,000 Debtors Refinanced Loans With A Different Bank In January-May

Almost 40,000 debtors refinanced their loans with a different bank than the one that sold them the loan in the first five months of 2011, triple compared with the similar interval a year ago...

Ciprian Botea · 25.10.2011 · 00:00 · 2 min
Romania, IMF Talks On 2012 Budget To Start From 2.3%-2.5% GDP Forecast
Macroeconomics

Romania, IMF Talks On 2012 Budget To Start From 2.3%-2.5% GDP Forecast

The talks between Romanian authorities and the stand-by agreement evaluation mission on the 2012 state budget will start from a forecast for economic growth of 2.3-2.5% and a budget deficit...

Radu Bostan · 22.10.2011 · 20:10 · 2 min
Enel Green Power Gets EUR112M Loan For Romanian Wind Projects
Energy

Enel Green Power Gets EUR112M Loan For Romanian Wind Projects

Enel Green Power, the renewable energy division of Italian utility Enel, obtained financing of EUR112 million from the Danish government's Export Credit Agency (EKF) to invest in wind farm p...

Andrei Cîrchelan · 21.10.2011 · 16:51 · 1 min
Health

Ropharma Eyes EUR2M Loan To Finance Investments

Romanian generic drugs wholesaler Ropharma Brasov (RPH.RO) plans to borrow EUR2 million from ING Bank to finance medium-term investments, the company said in a statement Friday.

Florentina Dragu · 14.10.2011 · 20:44 · 1 min