11.19.2014

A new loan agreement between Romania and the International Monetary Fund would send investors a message of confidence and engagement regarding fiscal discipline and reform, Romanian investment fund more

11.18.2014

Romania's government on Tuesday approved the regulations for the car loan program "First Car", allowing buyers to get state-guaranteed loans. more

10.28.2014

Greek industrial park developer Helios Phoenix got a EUR21.3 million loan from Alpha Bank London to finance its projects in Romania. more

10.27.2014

The European Bank for Reconstruction and Development (EBRD) has granted the Romanian city of Galaţi a RON100 million loan (EUR22.6 million) and EUR900,000 grant-based assistance for urban transport more

10.27.2014

International Finance Corporation, a member of the World Bank Group, has granted a EUR7 million credit line to Garanti Leasing Romania for the financing of SMEs, of which EUR4 million to be allotted more

10.27.2014

Greek businessman Ioannis Papalekas borrowed around EUR30 million from BCR to refinance office building Tower Center International (TCI), which hosts the headquarters of Hidroelectrica and the more

10.24.2014

The central bank and the Finance Ministry have only EUR2.2 billion left to repay of the loan Romania took from the International Monetary Fund in 2009, with the former repaying most of this amount, more

10.24.2014

BCR and UniCredit Tiriac, two large banks in Romania, granted funding worth EUR75 million to Romanian fertilizer producer Azomures. The company will use the money to upgrade its two ammonia plants. more

10.09.2014

Companies keep 84 billion lei (EUR19 billion) in banks, having increased their deposits by 8% in the past year, even though interest rates are below 2%, which clearly shows how little appetite they more

10.02.2014

The European Bank for Reconstruction and Development (EBRD) is looking into granting a long term loan of up to EUR23 million to ETI European Food Industries, the Romanian subsidiary of Turkey's Eti more

10.02.2014

Non-bank financial institutions (NBFI) will start selling loans next year to farmers looking to get EU funds for their investments under a new EU agriculture funding program. The EU funds available in more

09.25.2014

The financial crisis of the last six years, which affected the exchange rate as well, has not convinced customers and banks to reduce exposure to foreign exchange risk, so 62% of the loans granted to more

09.23.2014

The tax authority, the institution that should make sure the government collects all the due taxes, has turned overnight into a sender of letters informing taxpayers that they are eligible for an more

09.15.2014

Austria's Raiffeisen Bank International has extended a EUR27.5 million loan to Bucharest-based solar power producer LJG Green Source Energy Gamma, owned by Austria's Core Value Investments & CO KG more

09.11.2014

KMG International NV, formerly The Rompetrol Group NV, contracted a credit line of $200 million from several banks, at the end of August, which will be used to refinance loans and back the company’s more

09.11.2014

Representatives of the Romanian government and central bank will go next week to Brussels for the next review of the loan agreement with the International Monetary Fund, marking the first time when more

09.11.2014

Romelectro, a service provider for the energy industry, wants to take out a RON54 million loan from EximBank and plans to use part of it in a project for state-run power grid operator Transelectrica. more

09.09.2014

Romanian lender BCR has granted a EUR32 million loan to AFI Europe for the completion of works on a second and third office building in the developer's AFI Park office compound in Bucharest, the lend more

08.13.2014

Railroad car manufacturer Astra Vagoane Calatori, one of the 20 largest Romanian-owned private sector exporters, took out a EUR10 million line of credit from EximBank for two years, according to the more

08.08.2014

The European Bank for Reconstruction and Development has extended a EUR10 million loan to SC Raja SA Constanta, one of the largest water utilities in Romania, to extend and modernize its water and more

08.07.2014

Austria's Volksbank group has put up for sale a portfolio of commercial real estate assets and non-performing corporate loans with a nominal value of EUR460 million, more than one quarter of which more

08.05.2014

Romania’s central bank (BNR) decision to cut the key rate to 3.25% was not an easy one considering the potential response of commercial lenders, as already seen, to first cut deposit interest rates, more

08.04.2014

Vegetable oil producer Argus Constanta (UARG.RO), owned by SIF Oltenia, will borrow RON70 million (EUR15.8 million) for one year from Banca Transilvania (TLV.RO), to buy raw materials. more

08.04.2014

Romanian insolvent power producer Hidroelectrica closed at the end of July the fifth credit line over the last five months, namely, a loan of EUR30 million contracted from RBS Bank in 2008. more

07.30.2014

The leu consumer loans, whose resurgence bankers expect to boost their revenue, are being offered at a more than 10% yearly interest, even though banks pay 2% to 3% for deposits from consumers and more