12.20.2011

The World Bank could provide new aid to Romania in 2012 under a precautionary loan agreement to be accessed in case of emergency, similar to a financial program signed with the International Monetary more

12.20.2011

Romania has made “good progress” under a EUR3.6 billion loan agreement signed with the International Monetary Fund and is on track to meet its 2011 fiscal targets, but the escalation of the euro more

12.20.2011

Although Bucharest officials are preparing to eliminate subsidies granted for the construction of mortgage homes, countries in the region continue to conduct similar programs, seeking to revive the more

12.14.2011

The European Bank for Reconstruction and Development is considering providing a loan of up to EUR16.2 million to Aquaserv company in Romanian central county of Mures, the bank said in a statement more

12.14.2011

The cumulated value of the 20 largest banking loans accessed by local companies this year exceeds EUR2.5 billion after banks were much more cautious with lending in 2010, reveals an analysis made by more

12.14.2011

French-Belgian retailer Louis Delhaize, which owns the most profitable stores on the Romanian market, says the European Bank for Reconstruction and Development approved a EUR210 million loan to fund more

12.13.2011

Romania's SME loan guarantee fund estimates it will pay a total EUR31.8 million this year for loans issued by banks and not repaid, up 9% on the year, according to data presented Tuesday by the fund's more

12.12.2011

Securing additional budget revenues through a chain of swaps with state-run companies that are indebted both to one another and to the state budget will be one of the three major sources of boosting more

12.12.2011

The head of the National Bank of Romania’s supervisory department, Nicolae Cinteza, made his harshest statements about banks since the onset of the crisis three years ago, saying that with their way more

12.11.2011

Romania will have to borrow EUR16 billion in 2012 to cover overdue debts and finance the budget deficit, President Traian Basescu told a news conference Sunday. more

12.10.2011

The Romanian central bank (BNR) will recommend lenders to relax loan restructuring conditions for clients that face problems but pay their installments at least partially, said Saturday Nicolae more

12.07.2011

A company owned by businessman Emanuel Muntmark, Ewind Constanta, took out a EUR68 million loan from Erste Bank, to fund the construction of a wind farm in southeast Romania, people close to the more

11.30.2011

Romanian oil drilling company Foraj Sonde Ernei (FOSP.RO) plans to borrow up to 64 million lei (EUR14.7 million) to finance investments, the company said in a statement Wednesday. more

11.30.2011

Romanian internet and telecom operator RCS&RDS has taken out a EUR200 million syndicated loan from Banca Comerciala Romana (BCR), CEC Bank and Switzerland’s Credit Suisse. more

11.30.2011

The European Bank for Reconstruction and Development on Wednesday announced it has issued a EUR17.1 million loan to Romanian water utility company S.C. Apa-Canal Sibiu. more

11.24.2011

Romanian construction materials maker Prefab (PREH.RO) Thursday approved taking out loans worth up to EUR20 million to finance production and investments, the company said in a statement. more

11.23.2011

Romanian oil company OMV Petrom (SNP.RO) contracted a multi-currency revolving credit facility worth EUR930 million, with three years tenor and a possibility for a two-year extension, for general more

11.21.2011

Romanian generic drugs wholesaler Ropharma Brasov (RPH.RO) will borrow up to EUR2 million from ING Bank to finance investments, the company said in a statement Monday. more

11.21.2011

Romanian lender BCR, owned by Erste Group Bank (EBS.RO), issued a EUR20 million loan for pipe maker TMK-Artrom Slatina (ART.RO). more

11.17.2011

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

11.16.2011

Most Romanians choose a loan offer according to the effective annual percentage rate (APR, called DAE in Romania), but one third do not know what this rate means and more than half have the wrong idea more

11.10.2011

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 refinance two more

11.10.2011

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. more

11.01.2011

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. more

10.26.2011

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 Wednesday. more