ROBOR Rise Adds EUR600,000 To Cris-Tim’s Financing Costs

07.09.2018 By Roana Rotaru

Cris-Tim, the leader of the cold cuts markets in Romania, paid EUR600,000 more to banks in the past year due to the rise in ROBOR, which is more than the management had expected. This additional ROBOR expense will be offset using the profit, Razvan Furtuna, chief financial officer of the group, said.

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Keywords:
cris-tim
, robor
, spending
, increase
, financing