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World Bank Lends Romania EUR500M For Social Assistance Reforms
The World Bank’s Board of Executive Directors on Thursday approved a EUR500 million loan to support a social assistance program of Romania’s government estimated at EUR5.5 billion.
Government Raises Local Authority Loan Cap, Lowers Maximum Drawn Amount
Romania's Government will double the total ceiling up to which local mayors may contract refundable financing next year, but will also reduce the maximum amount they can actually draw in 201...
Patria Credit IFN Borrows EUR8M From EIF
Patria Credit IFN Wednesday said it has borrowed EUR8 million from the European Investment Fund to help finance 2,000 micro-companies and farmers in rural and small cities in Romania.
Banca Romaneasca Might Take $50M Senior Loan From IFC
Romanian lender Banca Romaneasca seeks a $50 million senior loan from the International Finance Corporation, or IFC, to credit small- and medium-sized firms for energy efficiency and renewab...
Romania Unlikely To Tap Into IMF Funds In 2011 - Mission Head
Romania is highly unlikely to access the funds made available through a EUR5 billion precautionary deal from the International Monetary Fund and the European Union in 2011, IMF mission chief...
EU: Romania Meets Criteria For EUR150M Loan Disbursement
Romania has met the criteria requested by the European Commission for the disbursement of the final tranche of a EUR5 billion loan, worth EUR150 million, the EU mission chief Istvan Szekely...
President Basescu: IMF Follow-Up Deal To Allow Reforms To Continue
Romanian President Traian Basescu said Saturday that the new deal with the International Monetary Fund is "precautionary" and its purpose is continuing reforms, with international financial...
Drugmaker Antibiotice To Borrow EUR6.5M From RBS Bank
Shareholders of Romanian medicine maker Antibiotice (ATB.RO) on Thursday approved the contracting of a EUR6.5 million loan from RBS Bank and the capitalization of 9 million lei (EUR2.21 mill...
Romania Meets EU Criteria For Loan Disbursement - Finance Minister
Romania has met the fiscal and structural reform criteria requested by the European Commission for the disbursement of the final tranche of a EUR5 billion loan, Finance Minister Gheorghe Ial...