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Ponta: Romania, IMF To Start Negotiations On New Loan Program
Romania will start this month negotiations with the International Monetary Fund with a view to secure a new precautionary loan arrangement, following the successful completion of a EUR3.6 bi...
Romania Would Benefit From A New IMF Deal, Says US Official
Romania would benefit from a new financial program with the International Monetary Fund, as such a program can bring stability and predictability to the business environment, an official of...
Romania Saw No Significant Commercial Property Deal In 2Q
Romania registered no significant commercial property transaction in the second quarter of 2013 because the country is regarded as a risky market and banks are still cautious when it comes t...
U.S. Dollar Financial Group Taps Romanian Pawn Market With Multi-Million Euro Acquisition
U.S.-based pawnbroking group Dollar Financial Group, Inc. has acquired Express Credit Amanet, one of the biggest pawn shop networks in eastern Romania, in a multi-million euro deal.
UK Home Improvement Retailer Kingfisher Buys Bricostore's 15 Stores In Romania
UK-based home improvement retailer Kingfisher announced Thursday it has acquired Bricostore's 15 home improvement stores in Romania from France’s Group Bresson, for an undisclosed sum.
Voinea: Romania To Pay Higher Interests If IMF Deal Halted
Romania would be exposed to increased financial risks and would pay higher interests if it were to cut short its EUR5 billion loan agreement with the International Monetary Fund and the EU,...
Siminel Andrei: Winmarkt's Sale Was NCH's Best Deal In Romania
Siminel Andrei, who runs the Bucharest operations of US investment fund NCH, one of the biggest investors in the Romanian economy 10-15 years ago, believes the best deal the fund made in Rom...
Analysts: IMF Program Disastrous, Needs Completion Before Follow-up Deal
Romania should step up reform implementation and aim for a successful completion of its EUR5 billion loan arrangement with the International Monetary Fund and other foreign creditors before...
About 16% In Albalact Sold For RON10.6M
A stake of 15.67% in Romanian dairy maker Albalact (ALBZ.RO) was sold Tuesday on the Bucharest Stock Exchange for 10.6 million lei (EUR2.3 million).