09.02.2013

The European Bank for Reconstruction and Development is considering providing a senior loan of up to EUR65 million to the German automotive supplier Draexlmaier Group to increase production capacity more

08.28.2013

Romania’s Economy Ministry selected state-run lender CEC Bank to grant loans under a state-supported program aimed to help young entrepreneurs, which offers non-reimbursable financing of up to more

08.26.2013

Romanian plastics producer Prodplast (PPL.RO) Monday said it has borrowed 5 million lei (EUR1.1 million) from UniCredit Tiriac Bank to finance its activity. more

08.26.2013

Israeli real estate developer AFI Europe is in negotiations with several banks to refinance a loan worth EUR234 million taken out in 2007 from Hypo Real Estate Bank to develop shopping center AFI more

08.20.2013

Romanian state-run natural gas transporter Transgaz Medias (TGN.RO) and Austria’s oil and gas company OMV will provide a loan of up to EUR7.5 million to Nabucco Gas Pipeline International so that more

08.14.2013

The European Bank for Reconstruction and Development is considering providing a loan for the construction, commissioning and operation of a 108 MW wind farm operating 36 wind turbines in the Dobrogea more

08.13.2013

Romania’s largest bank BCR Tuesday estimated that interest rates on low risk loans in domestic currency could fall below 6% in 2014, close to foreign currency loan rates. more

08.13.2013

Romanian bottled water wholesaler La Fantana will use the EUR34 million it recently borrowed from Erste Group Bank (EBS.RO) to finance current debts, pay out dividends to shareholders and for more

08.08.2013

Romanian bottled water wholesaler La Fantana contracted a EUR34 million loan at the end of July from Erste Group Bank, which it guaranteed with its assets, accounts, insurance policies, and trademark, more

08.07.2013

Romanian central bank governor Mugur Isarescu Wednesday said that his bank would do “everything possible” to help narrow the gap between interest rates on domestic and foreign currency loans. more

08.06.2013

Intesa Sanpaolo Bank Romania, the local unit of Italy’s Intesa Sanpaolo, signed an agreement with the Romanian Agency for Payments in Agriculture, or APIA, to provide financing to farmers that more

08.06.2013

The major listings scheduled for this year, Nuclearelectrica and Romgaz, have been postponed until the autumn of next year. On the other hand, the healthcare reform package will be ready by September, more

07.31.2013

Romania’s planned amendments to the Civil Procedure Code allowing consumers to denounce in court potentially abusive clauses introduced by service providers, including banks, should be balanced so more

07.31.2013

Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, plans to borrow up to EUR27 million from UniCredit Tiriac Bank to refinance old loans, the company said in a more

07.31.2013

Romania plans to borrow EUR4 billion from the International Monetary Fund and the European Commission, the head of the IMF mission to Bucharest Andrea Schaechter said Wednesday. more

07.30.2013

Consumer lender Provident Financial Romania, part of British group International Personal Finance (IPF), said Tuesday it granted loans worth EUR54.9 million in the first half of 2013, up 12% on the more

07.30.2013

Romanian Agricover Credit IFN, part of agribusiness group Agricover, said Tuesday it granted loans worth 253.2 million lei (EUR57.6 million) in the first half of 2013, up 87% on the year. more

07.29.2013

Romania’s Government will increase funding for this year’s edition of the state-guaranteed First Home mortgage lending program by 1 billion lei (EUR227 million), of which RON300 million will be more

07.24.2013

Cosmote Romania will receive a EUR225 million syndicated loan arranged by the European Bank for Reconstruction and Development to finance the renewal of its licenses and to pay for the spectrum more

07.22.2013

The European Bank for Reconstruction and Development Monday said it has extended a EUR10 million loan to Romania’s UniCredit Tiriac Bank for on-lending to small and medium-sized enterprises (SMEs) more

07.19.2013

Romania and the International Monetary Fund estimate an economic growth in the eastern European country of 1.9% in 2013, a slightly faster pace than the 1.6% increase previously expected, people more

07.17.2013

Production of new loans did not recover in the first five months of the year, with the ratio of non-performing loans exceeding 20% in May and no spectacular progress in terms of cutting operating more

07.16.2013

Romania’s next loan deal with the International Monetary Fund will be a precautionary arrangement aiming to consolidate macroeconomic stability and control policies, the fund’s managing director more

07.16.2013

President Traian Basescu said Tuesday, during a meeting with Christine Lagarde, the managing director of the International Monetary Fund, that Romania needs a new loan arrangement for two more years more

07.15.2013

Romanian economist Florin Citu wrote an open letter asking the head of the International Monetary Fund not to approve a new loan agreement with Romania, saying the country’s economy would not be more