03.14.2012

Greek dairy maker Olympus on Wednesday announced it has taken out a EUR30 million loan from Black Sea Trade and Development Bank (BSTDB), with a seven-year timeframe, to increase export capacity at more

03.14.2012

Romanian second largest oil group Rompetrol NV, a unit of Kazahstan’s KazMunayGas, has signed a five-year $200 million syndicated loan agreement with a consortium of banks led by Italy’s UniCredit more

02.21.2012

Electricity producer Electrocentrale Deva, held by Romanian state-owned power producer Termoelectrica, plans to contract a loan worth 200 million lei (EUR46 million) for environment investment. more

02.16.2012

Romanian banks charge up to 5% higher margins on loans in lei than Polish and Czech banks do on loans in their local currencies. Loans in lei are much more expensive even though interbank interest more

02.13.2012

German retailer Lidl has secured a EUR50 million loan from the International Finance Corporation (IFC), the private investment division of the World Bank, to finance its expansion in Romania, from the more

02.13.2012

State-owned power producer CE Rovinari seeks a loan worth 176 million lei (EUR40.5 million) for investment in the reduction of pollution. more

02.08.2012

Romania shouldn’t seek a new financial agreement with the International Monetary Fund once the current one ends in 2013, because it would send a negative signal to the markets, central bank governor more

02.07.2012

Developer AFI Europe, member of AFI Group, received funding worth EUR13.4 million from UniCredit Bank Austria, to develop the first of five buildings within the AFI Business Park Cotroceni project in more

02.06.2012

ProCredit Bank Romania will receive a syndicated loan worth EUR11.4 million, including EUR5 million from the European Bank for Reconstruction and Development (EBRD), to fund small- and medium-sized more

01.24.2012

Bankers did not rush to adjust their offers in line with the lending rules enacted by the central bank last fall and tried to make the most of the ninety-day time they had been given to draft new more

01.20.2012

The Romanian Government allowed the Labor Ministry to borrow 650 million lei (EUR149.5 million) from state funds obtained from privatization and deposited in the Treasury, to make payments within the more

01.12.2012

The European Investment Bank is considering lending up to EUR50 million to Romanian financial institutions Raiffeisen Bank and Raiffeisen Leasing, the EIB said. more

12.29.2011

Romanian state-owned electricity supplier Electrica plans to take out a loan worth up to EUR70 million, for the construction of a wind farm in eastern Romania. more

12.28.2011

Romania sealed another two-year arrangement with the International Monetary Fund this spring, which it has so far treated as precautionary, as it has not drawn money from the amounts made available by more

12.28.2011

Romanian thermal power producer Electrocentrale Bucuresti (ELCEN) on Wednesday said it plans to take out a 5-year loan worth between 150 and 300 million lei (EUR35-70 million) to buy raw material. more

12.27.2011

One third of the Romanian firms allowed to take out Government guaranteed loans through the “Mihail Kogalniceanu” program signed no contract with banks in the September 9-December 9, 2011 more

12.22.2011

The European Bank for Reconstruction and Development Thursday said it will extend a 30 million lei (some EUR7.8 million) loan to water utility company Aqubis SA to improve water services in more

12.21.2011

The European Bank for Reconstruction and Development Wednesday said it will extend a EUR8.8 million loan to public utility company Dunarea SA Braila to improve water services in Braila county, more

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