10.02.2014

Non-bank financial institutions (NBFI) will start selling loans next year to farmers looking to get EU funds for their investments under a new EU agriculture funding program. The EU funds available in more

09.25.2014

The financial crisis of the last six years, which affected the exchange rate as well, has not convinced customers and banks to reduce exposure to foreign exchange risk, so 62% of the loans granted to more

09.23.2014

The tax authority, the institution that should make sure the government collects all the due taxes, has turned overnight into a sender of letters informing taxpayers that they are eligible for an more

09.15.2014

Austria's Raiffeisen Bank International has extended a EUR27.5 million loan to Bucharest-based solar power producer LJG Green Source Energy Gamma, owned by Austria's Core Value Investments & CO KG more

09.11.2014

KMG International NV, formerly The Rompetrol Group NV, contracted a credit line of $200 million from several banks, at the end of August, which will be used to refinance loans and back the company’s more

09.11.2014

Representatives of the Romanian government and central bank will go next week to Brussels for the next review of the loan agreement with the International Monetary Fund, marking the first time when more

09.11.2014

Romelectro, a service provider for the energy industry, wants to take out a RON54 million loan from EximBank and plans to use part of it in a project for state-run power grid operator Transelectrica. more

09.09.2014

Romanian lender BCR has granted a EUR32 million loan to AFI Europe for the completion of works on a second and third office building in the developer's AFI Park office compound in Bucharest, the lend more

08.13.2014

Railroad car manufacturer Astra Vagoane Calatori, one of the 20 largest Romanian-owned private sector exporters, took out a EUR10 million line of credit from EximBank for two years, according to the more

08.08.2014

The European Bank for Reconstruction and Development has extended a EUR10 million loan to SC Raja SA Constanta, one of the largest water utilities in Romania, to extend and modernize its water and more

08.07.2014

Austria's Volksbank group has put up for sale a portfolio of commercial real estate assets and non-performing corporate loans with a nominal value of EUR460 million, more than one quarter of which more

08.05.2014

Romania’s central bank (BNR) decision to cut the key rate to 3.25% was not an easy one considering the potential response of commercial lenders, as already seen, to first cut deposit interest rates, more

08.04.2014

Vegetable oil producer Argus Constanta (UARG.RO), owned by SIF Oltenia, will borrow RON70 million (EUR15.8 million) for one year from Banca Transilvania (TLV.RO), to buy raw materials. more

08.04.2014

Romanian insolvent power producer Hidroelectrica closed at the end of July the fifth credit line over the last five months, namely, a loan of EUR30 million contracted from RBS Bank in 2008. more

07.30.2014

The leu consumer loans, whose resurgence bankers expect to boost their revenue, are being offered at a more than 10% yearly interest, even though banks pay 2% to 3% for deposits from consumers and more

07.28.2014

The stock of loans banks granted to those looking to buy a home stood at more than 5.9 billion lei (EUR1.34 billion) in mid this year, almost three times higher than in the year-ago period, according more

07.24.2014

Bank lending fell by almost 4% year-on-year in June, double as much as in May, due to the worsening decline in foreign currency loans and the slowdown of the growth of leu financing. more

07.21.2014

The European Investment Bank is lending EUR30 million to Romanian BCR Leasing to support the undertakings of small and medium-sized enterprises (SMEs), midcap companies and public entities in the more

07.21.2014

Gorj and Iasi lead by far in the ranking of Romania’s counties with the highest level of retail and corporate loans against the sums in current accounts and deposits set up with banks. The more

07.11.2014

Romanian businessman Florin Pogonaru wants to borrow EUR35 million to finance the building of a shopping center in Bucharest via his real estate firms Prodplast Imobiliare, whose share capital will be more

07.07.2014

Shareholders of construction materials producer Soceram approved the contracting of a loan up to EUR20 million and the accessing of non-reimbursable funds via programs specific to the company’s more

07.03.2014

Financial leasing company Garanti Leasing on Thursday said it took out a loan of EUR7 million from the European Fund for Southeast Europe (EFSE) to finance fixed assets on the segment of small and more

07.01.2014

Romanian insolvent power producer Hidroelectrica has closed a EUR75 million credit line granted by Citibank International in 2009 and plans to pay back loans of EUR39 million by the end of the year. more

06.30.2014

The value of private lending, as share in the gross domestic product, has returned to 2007 levels in Romania, and is on the way for further declines. more

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