06.26.2014

Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) will extend by one year its 60 million lei (some EUR13 million) credit line signed with EximBank in July 2013, according to a shareholders’ more

06.23.2014

Demand for funding from Romanian farmers has gone through the roof, says Robert Rekkers, the general manager of Agricover IFN, the finance unit of the agribusiness group by the same name. more

06.20.2014

Czech group Solek, developer of green energy projects, has drawn over EUR6.1 million from Garanti Bank and OTP Bank to refinance several solar parks with a total installed power capacity of 8.58 MW. more

06.17.2014

Romania’s Finance Ministry has borrowed EUR1 billion from the International Bank for Reconstruction and Development to finance fiscal policies and healthcare projects, the ministry said in a more

06.17.2014

Garanti Bank granted a EUR4 million loan to FF Group Romania (former Elmec Romania), for a real estate project downtown Bucharest, an investment worth approximately EUR5 million. more

06.16.2014

The International Finance Corporation, the private sector lending arm of the World Bank Group, approved a EUR35 million loan to Garanti Bank Romania to help finance the country’s small and medium more

06.12.2014

The European Investment Bank will extend a EUR60 million financing line to Romania’s UniCredit Tiriac Bank, said Mihai Tanasescu, EIB Vice-President responsible for lending operations in Romania. more

06.10.2014

Shareholders of Unirea Shopping Center (SCDM.RO) decided to take a loan between EUR40 million and EUR45 million for investments in the two shopping centers it owns in Bucharest and Brasov, compared more

06.05.2014

Agricover Credit IFN, the financing division of Agricover group, will take out a loan of 30 million lei (EUR6.8 million) from Oikocredit International based in The Netherlands. more

05.28.2014

The stock of leu loans banks granted to home buyers stood at more than 4.9 billion lei (EUR1.1 billion) at the end of April, up about half a billion lei on the previous month, according to central more

05.23.2014

The Board of Directors of the World Bank Group has approved a EUR750 million budget support loan (DPL) for Romania, which targets the modernization of public expenditures and improvement in the more

05.21.2014

Romanian chemical fertilizer maker Azomures has borrowed EUR66 million from Czech banks Ceska Sporitelna and Ceskoslovenska obchodni banka to upgrade its urea melt plant, the company said in a more

05.15.2014

Foreign markets no longer see Romania as a high risk investment, so the credit default swap level has stabilized at about 150 basis points in the past week after five years of crisis when Romania’s more

05.09.2014

Romanian Banking Association (ARB) considers that the government’s loan restructuring program is rather an electoral measure, Florin Danescu, ARB executive president, told a financial seminar more

05.09.2014

The International Finance Corporation, the private sector arm of the World Bank Group, will provide a $40 million subordinated loan to Romanian lender Banca Transilvania (TLV.RO) to strengthen the more

05.08.2014

Garanti Leasing has signed a five-year loan agreement for EUR7.5 million with Black Sea Trade and Development Bank (BSTDB), which it plans to use to continue lending to small and medium-sized more

05.05.2014

Romania’s Unirea Shopping Center (SCDM.RO) wants to take out a bank loan of up to EUR70 million for investments planned on the two shopping centers it holds in Bucharest and Brasov. more

05.05.2014

The share of homeowners who took out a mortgage loan tripled on the year in 2013, while the average value of a loan reached RON140,000 (EUR31,700), according to a study conducted by local lender BCR, more

04.29.2014

The Finance Ministry has almost EUR8 billion left to repay of the about EUR20 billion record loan it took out together with the central bank from international financial institutions in 2009 by 2023. more

04.25.2014

Romanian commercial lender Banca Comerciala Carpatica (BCC.RO) Friday said it granted a loan worth 9 million lei (EUR2 million) to Genesis Biopartner which will use it to build a new cogeneration more

04.18.2014

The stock of loans granted by non-bank financial institutions (NBFI) has shrunk by almost 6 billion lei (EUR1.34 billion) or 25% to RON18 billion from the end of 2009 through February 2014, according more

04.17.2014

Companies in Romania had EUR11 billion loans taken out directly from banks abroad, mostly from Germany and Austria, at the end of last year, according to Romania’s central bank (BNR) data. more

04.08.2014

A total of 9 billion lei (EUR2 billion) worth of retail loans were more than 90 days overdue at the end of February, written off by banks because chances of recovery were slim to none. Such loans more

04.01.2014

European Bank for Reconstruction and Development (EBRD) will grant a EUR4.8 million loan to public transport company TURSIB to relocate the bus depot in Sibiu city, from its current site in the city more

03.31.2014

The World Bank will extend a credit line to Romania for development projects of EUR1 billion a year for the period 2014-2017, based on a new partnership strategy to be approved by the bank's board on more