09.10.2012

Romanians spent about EUR13 billion on loan installments, fuel, alcohol, cell phone bill and cigarettes, about half or 46% of the total net wages and pensions collected in 2011. The rest of it went to more

09.07.2012

BCR and BRD, Romania’s leading banks, got an additional EUR105 million to their guarantee cap for the sale of mortgage loans via the government-backed “First Home” scheme. more

08.22.2012

RCS&RDS borrowed on August 9 EUR25 million from Citibank in order to be able to quickly pay the tax charged by telecom market regulator ANCOM to operators that win one of the frequency blocks in the more

08.14.2012

The International Monetary Fund Tuesday said its approval of the latest quarterly review of Romania’s progress under a multilateral loan program is conditional upon the implementation of four key more

08.13.2012

RCS&RDS SA, one of the largest telecom operators in Romania, controlled by businessman Zoltan Teszari in Oradea, took out on August 9 a maximum EUR25 million loan from Citibank Romania, according to a more

08.06.2012

Romanian central bank governor Mugur Isarescu Monday said the bank has made profit on currency movements after repaying the first tranche of the country’s EUR12.95 billion loan agreement with the more

08.06.2012

Romania’s central bank (BNR) on Monday makes its first principal payment on Romania’s EUR12 billion loan from the IMF, amounting to around EUR670 million from its forex reserve. more

08.03.2012

The European Bank for Reconstruction and Development has extended a 33.2 million lei (EUR7.8) loan to water utility Apaserv Satu Mare for water and wastewater infrastructure improvements in the more

08.01.2012

Romanian energy company Transelectrica (TEL.RO) Wednesday said it will borrow EUR42 million to finance upgrade works at its power stations. more

07.25.2012

Romanian bank Banca Comerciala Romana, or BCR, granted a EUR17 million loan to company Espe Energia SRL to construct a micro hydropower facility in Maramures county, northern Romania. more

07.24.2012

The European Bank for Reconstruction and Development is considering providing a senior loan of EUR58.2 million to finance the commissioning and operation of two wind farms in Romania, the bank said in more

07.23.2012

Carrefour Property Romania and South-African real estate investment fund New Europe Property Investments (NEP.RO) obtained a EUR26 million loan from BRD-Groupe Societe Generale (BRD.RO) to jointly 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

07.19.2012

Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) Thursday said it will take out a 12 million lei (EUR2.6 million) loan from Italy’s Intesa Sanpaolo. more

07.18.2012

Romania's national postal company Posta Romana will hold a tender in September for a loan of 100 million lei (EUR22 million) for 12 months, to finance its working capital. more

07.12.2012

Romanian state-owned power grid operator Transelectrica (TEL.RO) Thursday said it has signed a financing agreement for up to 50 million lei (EUR11 million) to upgrade its Tulcea Vest power station in more

07.05.2012

Romanian state-owned power grid operator Transelectrica (TEL.RO) Thursday said it has signed a financing agreement for up to 50 million lei (EUR11.6 million) to upgrade its Mintia power station in the more

07.03.2012

The European Bank for Reconstruction and Development (EBRD) is considering granting a loan of up to EUR13.85 million, alongside EUR76.9 million in EU cohesion funds, to Romanian company Apavil Ramnicu more

06.29.2012

Romanian oil refinery Rafo Onesti (RAF.RO) Friday reiterated a proposal to borrow EUR330 million from foreign creditors to upgrade installations. more

06.25.2012

Hidroelectrica’s creditors and its court-appointed administrator are due to discuss the impact of the shocking insolvency of Romania’s most valuable state-run company at the central bank’s more

06.21.2012

Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) took two credit lines of EUR9.5 million and 8 million lei (EUR1.8 million) to finance its working capital, the company said in a statement sent more

06.15.2012

The EUR1-billion credit line for Romania approved on Tuesday by the World Bank (WB) is the first loan of this kind that a European country takes out, and will consolidate the liquidity reserve of the more

06.12.2012

The World Bank's Board of Executive Directors on Tuesday approved a EUR1 billion precautionary loan for Romania, the Finance Ministry informs. more

06.11.2012

The World Bank has scheduled for Tuesday the meeting of the Board which will discuss granting the EUR1 billion loan to Romania, Stefan Nanu, Romania’s representative at the international financial more

06.08.2012

Local authorities in Arad, western Romania, and the EBRD on Friday signed a EUR20 million loan agreement, with EUR9.4 million to be used to buy six new trams and the difference to refinance a EBRD more