03.26.2014

The International Monetary Fund has completed the first two reviews of Romania’s economic performance under a two-year precautionary loan agreement, enabling the disbursement of an additional amount more

03.25.2014

Banks are trying to revive sale of consumer loans by charging lower interests and cutting fees, now that the crisis has eaten into their revenue and profits. more

03.24.2014

South-African property investment fund New Europe Property Investments, or NEPI (NEP.RO), got a EUR20 million loan from Garanti Bank to refinance its investment in a shopping mall in Galati, opened at more

03.20.2014

Spirits producer Zarea Bucuresti (ZARE.RO) wants to borrow EUR8 million from BRD and/or Banca Transilvania or other commercial banks. more

03.19.2014

The European Investment Bank (EIB) Wednesday said it will lend up to EUR50 million to Garanti Bank Romania to finance projects promoted by small and medium-sized enterprises (SMEs), mid-cap companies more

03.18.2014

Romanian power supplier and energy trader Tinmar, owned by businessman Augustin Oancea, borrowed EUR7 million from commercial lender Banca Comerciala Carpatica for the development of an 8.5-MW solar more

03.07.2014

Romanian aluminum processor Alumil Rom Industry Bucuresti (ALU.RO) wants to borrow 7 million lei (EUR1.5 million) from Millennium Bank to finance operations. more

03.05.2014

Romanian state-run passenger rail carrier CFR Calatori plans to borrow 100 million lei (EUR22.1 million) to refinance older debt, the company said Wednesday. more

03.04.2014

The International Finance Corporation, the lending arm of the World Bank, has extended a 112 million lei (approximately EUR25 million) loan to the Romanian municipality of Timisoara to support the more

02.19.2014

The European Bank for Reconstruction and Development has extended a EUR5 million credit line to Spain’s Roquet Hydraulics which will be used to co-finance the development of a greenfield plant in more

02.17.2014

The European Bank for Reconstruction and Development will lend EUR11.8 million to water utility Apa Canal 2000 to co-finance upgrades on water and sewage systems in Arges county, Romania. more

02.14.2014

Investment fund Globalworth, founded by Greek real estate investor Ioannis Papalekas to develops properties in Romania, SEE and CEE regions, borrowed EUR65 million from Swiss-based lender UBS, the more

02.13.2014

The European Investment Bank Thursday said it has provided a EUR15 million loan to Romanian leasing company BCR Leasing to finance small and medium-sized enterprises (SMEs), midcap companies and more

02.10.2014

Romanian lender BCR has outsourced EUR12 million of local brick maker Cemacon's (CEON.RO) debt to Netherlands-registered investment fund Business Capital For Romania Opportunity Fund Cooperatief UA, more

02.10.2014

Loan installments are the second biggest expense of Romanians after gas. The fear of losing their jobs and becoming unable to pay future bills will make them save the money left from the restructuring more

02.05.2014

Artima, the company through which Carrefour Romania administers its Market supermarkets and three Express convenience stores in Bucharest, announced Wednesday that it concluded a lending agreement more

02.04.2014

The International Monetary Fund and the European Commission on Tuesday said Romania’s economic program under a EUR4 billion precautionary deal remains broadly on track amid signs of recovering more

01.30.2014

Romanian state-run energy holding CE Oltenia has taken out a EUR193 million syndicated loan from the European Bank for Reconstruction and Development, BCR, BRD and UniCredit to upgrade an electricity more

01.29.2014

Romanian state-run energy holding CE Oltenia will take out a EUR130 million loan from the European Bank for Reconstruction and Development to co-finance upgrade works at one of its electricity more

01.24.2014

Romanian industrial equipment manufacturer Uzuc Ploiesti (UZC.RO) plans to take out a EUR5 million loan to purchase the operating assets of paper maker Somes Dej (SMS.RO), Uzuc said Friday. more

01.21.2014

Romania’s banking system probably ended 2013 in the black after having posted cumulated net profit of 1.73 billion lei (EUR381 million) in January-November compared with a RON2.3 billion loss in more

01.21.2014

The loan/deposit ratio in the banking system came close to a balance in November 2013, standing at 105% compared with 137% in November 2008. more

01.20.2014

Romania’s largest bank BCR, a unit of Austrian Erste Group Bank AG (EBS.RO), on Monday lowered by up to one percentage point its interest rates on leu-denominated mortgage and consumer loans, the more

01.14.2014

Romanian hydro energy construction company Hidroconstructia has taken a EUR60 million syndicated loan to finance working capital, the company said in a statement Tuesday. more

12.30.2013

Romania will receive funds worth EUR110 million from the European Investment Bank (EIB) to co-finance projects within the National Rural Development Program (PNDR), the Finance Ministry said. more