RECAPITALIZATION
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Banks-Insurance
European Commission Greenlights Exim Banca Romaneasca’s RON1.2B Recapitalization
The European Commission has concluded that Romania’s EUR250 million (RON1.2 billion) recapitalization of majority state-owned Exim Banca Romaneasca does not constitute state aid within the meaning of the EU state aid rules.
Banks-Insurance
European Commission: CEC Bank’s RON1B Recapitalization Not State Aid
The European Commission has concluded that Romania’s EUR200 million (RON1 billion) recapitalization of fully state-owned CEC Bank does not constitute state aid within the meaning of the EU s...
Automotive
Debt-Mired CFR Calatori Needs Recapitalization, Might Be Privatized
Romanian Transport Minister Relu Fenechiu said Wednesday state-owned passenger railway carrier CFR Calatori needs recapitalization, which might be secured through loans or by selling the com...