02.25.2015

Over the last six years, the foreign banks that control 90% of Romania’s banking system have withdrawn EUR10 billion worth of lines of credit extended to their local subsidiaries during the economic more

02.23.2015

Pharmaceutical distributor Polisano, owned by the Vonica family in Sibiu, has signed a new financing agreement for EUR15 million with BRD Societe Generale and is negotiation another EUR15 million more

02.18.2015

Rompetrol Rafinare (RRC.RO), Rompetrol Downstream, KazMunayGas Trading AG and KMG Rompetrol, units of oil group KMG International, plan to contract a $390 million loan from lenders BCR, UniCredit more

02.09.2015

Romanian government will assign this year RON350 million (EUR79.36 million) as guarantees for car loan program "First Car", according to a draft decision which also stipulates that other banks and more

02.02.2015

The consumer lending growth that had restarted last summer stopped at the end of the year again, so new sales in November and December did not offset loan repayment and written off non-performing more

01.23.2015

Local natural gas distributor Congaz Constanta will pay back a loan it took in 2013 from UniCredit and will take a loan of up to RON45 million from its majority shareholder, GDF SUEZ Energy Romania. more

01.21.2015

A delegation of the International Monetary Fund will arrive in Romania next week to review the country’s progress under a EUR2 billion precautionary agreement signed in September 2013. more

01.16.2015

Swiss National Bank's move to remove the cap on the Swiss franc conversion rates sent the currency soaring against the euro, while in Romania it went from 3.7 lei to 4.3 lei in a matter of hours. more

01.15.2015

The European Bank for Reconstruction and Development (EBRD) has granted a loan of 132 million lei (EUR30 million) to Romanian leasing company Raiffeisen Leasing, a subsidiary of Austrian Raiffeisen more

01.14.2015

Banks will be able to grant more than 30,000 loans via the First Home scheme in 2015 if the government allocates a 2.5 billion lei (EUR557 million) cap as announced at the beginning of the year. This more

01.09.2015

In an attempt to lure as many customers as possible banks are now offering mortgage loans with fixed interests for seven or ten years, thus taking the first step towards loans free of interest risk more

01.08.2015

Interests on leu loans have gone down with each monetary policy easing step of Romania's central bank so they are now competing with the cost of foreign currency loans. The adjustment trend will more

12.22.2014

The European Fund for Southeast Europe (EFSE) is extending its partnership with Agricover Credit IFN SA with a loan of EUR7 million the financial institution will use to finance farmers, EFSE and more

12.19.2014

The local auto market needs its potential customers to be able to get funding in order to grow the sales volumes towards the 2007-2008 level of more than 300,000 vehicles. more

12.03.2014

Romania’s banking system is still reeling after six years of crisis because it failed to restructure on time, for which reason costs remain high and revenues low. more

11.27.2014

The European Bank for Reconstruction and Development (EBRD) is providing a EUR23 million loan for the expansion of Turkey’s leading confectionery producer ETİ into Romania, EBRD said Thursday. more

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