01.14.2015

This year's government-guaranteed mortgage lending First Home program will have a maximum guarantee budget of RON2.5 billion plus funds left unused last year, the government decided Wednesday. more

09.18.2014

Romania’s Financial Supervisory Authority has decided to increase, as of January 1, 2015, the contribution paid by insurance firms to the guarantee fund of insurers (FGA) because damage payments and more

06.19.2014

Biomass or biogas-fired power plants, which use vegetal or animal waste to generate electricity might turn from Cinderella into the queen of the renewable energy ball, people in the industry say. more

04.30.2014

Retail investors subscribing to the initial public offering in which the government intends to sell 51% in the Electrica group in early June will have a guaranteed minimum allotment of shares. This is more

01.31.2014

Romanian natural gas producer Romgaz Medias (SNG.RO) will “soon” select a bank for signing a bank facility agreement to open a documentary letter of credit and to issue bank guarantee letters of more

01.24.2014

Romanian small and medium-sized enterprises fully subscribed the state guarantee worth 2 billion lei (EUR441 million) granted within the program guaranteeing SME loans in the first week from more

12.17.2013

Romanian natural gas producer Romgaz Medias (SNG.RO) on Tuesday proposed signing a bank facility agreement to open a documentary letter of credit and to issue bank guarantee letters of up to $14 more

09.24.2013

Romania has doubled the environmental guarantee that RMGC, the joint-venture developing the Rosia Montana gold mining project in western Romania, is expected to pay, to $146 million, Environment more

07.16.2013

The Romanian government should become more involved in guaranteeing loans for small and medium-sized enterprises and for firms in sectors where risk is not as low as banks would like, International more

05.31.2013

The National Fund Guaranteeing Loans for Small and Medium Enterprises (FNGCIMM) might lower the fees it charges or increase the loan guarantee ceiling to support innovative SMEs and firms generating more

03.26.2013

The Romanian Counter-Guarantee Fund (FRC) has granted some 17,000 counter-guarantees worth a total of EUR662 million since its establishment, in 2010. more

11.27.2012

The guarantee fund of Romanian insurance market regulator CSA will pay damages capped at EUR1 billion in case of major natural disasters if the companies that issued property insurance policies lack more

07.20.2012

Romania’s government has approved a state guarantee for a EUR40 million loan for chemical producer Oltchim Ramnicu Valcea (OLT.RO), Economy Minister Daniel Chitoiu said Friday. more

06.13.2012

The National Fund Guaranteeing Loans for Small and Medium Enterprises (FNGCIMM) offered 4,100 guarantees to firms in the first five months of 2012, which amounted to 1.3 billion lei (EUR291.5 more

06.06.2012

Romania’s Government on Wednesday decided to increase by EUR200 million the guarantee ceiling for the state supported “First Home” program this year, and the money will be accessed only by the more

04.27.2012

Romanian small and medium companies facing enforced debt payment proceedings will have access, as of July 1, to loans with government guarantees and counter-guarantees, as long as their destination more

03.23.2012

The Romanian Government will create a credit fund meant to help farmers who want to carry out EU-funded projects co-finance investments, according to a draft emergency ordinance. more

03.13.2012

Romania's Government will limit the value of guarantees issued this year to support investment projects in priority areas, funded through EU programs, to EUR300 million. more

01.25.2012

The Romanian Government's plan to suspend for five years its creditors' right to seize or place distraint on shares in state companies is in breach of the Constitution and of EU law, and will result more

01.24.2012

Deposits at Romanian banks climbed by almost EUR10 billion in the past three years, as customers adjusted their financial behavior to the economic crisis. more

01.11.2012

Bankers sold almost EUR540 million worth of loans through the “First Home 4” scheme, one third of the value of the loans granted in the previous three iterations. Only 150 customers of a total of 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

12.12.2011

Nicolae Crisan, former president of insurance watchdog CSA, was appointed general manager of the Guarantee Fund, a CSA department that protects insurance beneficiaries in case of insurer bankurptcy. more

12.03.2011

The private resources of the FGDB, a fund guaranteeing bank deposits, will be used to finance the bridge-bank, while public funds will only be used in the form of a loan granted by the Finance more

11.25.2011

Romania’s private pension system regulator CSSPP has appointed former labor minister Mihai Seitan to head the private pension guarantee fund for the next four years. more