02.05.2014

Artima, the company through which Carrefour Romania administers its Market supermarkets and three Express convenience stores in Bucharest, announced Wednesday that it concluded a lending agreement more

02.04.2014

The International Monetary Fund and the European Commission on Tuesday said Romania’s economic program under a EUR4 billion precautionary deal remains broadly on track amid signs of recovering more

01.30.2014

Romanian state-run energy holding CE Oltenia has taken out a EUR193 million syndicated loan from the European Bank for Reconstruction and Development, BCR, BRD and UniCredit to upgrade an electricity more

01.29.2014

Romanian state-run energy holding CE Oltenia will take out a EUR130 million loan from the European Bank for Reconstruction and Development to co-finance upgrade works at one of its electricity more

01.24.2014

Romanian industrial equipment manufacturer Uzuc Ploiesti (UZC.RO) plans to take out a EUR5 million loan to purchase the operating assets of paper maker Somes Dej (SMS.RO), Uzuc said Friday. more

01.21.2014

Romania’s banking system probably ended 2013 in the black after having posted cumulated net profit of 1.73 billion lei (EUR381 million) in January-November compared with a RON2.3 billion loss in more

01.21.2014

The loan/deposit ratio in the banking system came close to a balance in November 2013, standing at 105% compared with 137% in November 2008. more

01.20.2014

Romania’s largest bank BCR, a unit of Austrian Erste Group Bank AG (EBS.RO), on Monday lowered by up to one percentage point its interest rates on leu-denominated mortgage and consumer loans, the more

01.14.2014

Romanian hydro energy construction company Hidroconstructia has taken a EUR60 million syndicated loan to finance working capital, the company said in a statement Tuesday. more

12.30.2013

Romania will receive funds worth EUR110 million from the European Investment Bank (EIB) to co-finance projects within the National Rural Development Program (PNDR), the Finance Ministry said. more

12.10.2013

BRD Groupe Société Générale, Romania’s second largest lender by assets, has granted a loan of EUR14 million to Carpathian Springs to finance its current operations and extend the production more

12.03.2013

A likely delay in the approval of the International Monetary Fund’s review of its loan program with Romania should have limited impact on the markets, as the country has no intention to draw on the more

12.03.2013

The Executive Board of the International Monetary Fund will likely postpone until March next year a meeting to discuss Romania’s progress under a EUR2 billion loan program, after the Romanian more

12.02.2013

Romania’s President Traian Basescu said Monday he decided not to sign a memorandum concerning the country’s new loan agreement with the International Monetary Fund, adding that he objects to a more

12.02.2013

The European Investment Bank will provide a credit line worth EUR200 million to Italy’s Enel Green Power International BV for wind energy investment in Romania, Enel said in a statement Monday. more

11.27.2013

Romanian small and medium-sized enterprises (SMEs) that access a state-supported program that guarantees loans for SMEs may use the funds drawn from credit lines exclusively to finance working more

11.27.2013

Loan interest rates in Romania are not likely to decline by much in the following period, because of a high level of risk costs in the banking system, particularly with non-performing loans, an more

11.07.2013

Romanian state-run hydropower generator Hidroelectrica is negotiating with a large European bank a EUR400 million credit line to upgrade four of its units, the head of the company’s supervisory more

11.07.2013

Romanian mortgage lender BCR Banca pentru Locuinte (BCR BpL) has provided financing of over 100 million lei (EUR22.5 million) this year, double on the year, through 1,500 contracts. more

11.07.2013

The European Investment Fund and Romanian bank Banca Transilvania (TLV.RO) have signed a EUR21 million financing agreement under the European Progress Microfinance Facility for on-lending to small and more

11.05.2013

Romania has asked for a new EUR1 billion development policy loan from the World Bank, part of a larger EUR4 billion program aimed at financing the country’s budget deficit, Finance Minister Daniel more

10.31.2013

The European Bank for Reconstruction and Development (EBRD) is providing a loan worth EUR7.4 million to co-finance a Romanian EU-funded regional investment program of EUR102.5 million in Botosani more

10.28.2013

The interest rate has become an accessory in the business of lending to companies, with the key aspect being banks’ confidence they will recoup their money, says Cristian Sporis, executive more

10.24.2013

Romanian state-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) wants to borrow 200 million lei (EUR45 million) from banks to buy fuel for energy production between October more

10.23.2013

The European Union Council has approved a new EUR2 billion precautionary financial assistance program for Romania in conjunction with a similar two-year loan from the International Monetary Fund. more