financing
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VB Leasing: Financing down, profit up
VB Leasing, a company of the Austrian group Volksbank, financed goods worth 12.7 million euros in the first quarter of the year, down 70% against the same period of 2008. All leasing companies will see declines in 2009, because the market is significantly affe...
Tinu Sebesanu seeks financing for Neptun hotel
Neptun hotel, which Grand Plaza Hotel SA acquired last year from AVAS, is partially up for sale. The purpose is to raise capital for the renovation and development of 30,000 square metres of...
BRD: Foreign financing, more costly
The cost of resources can cause problems for banks, margins are under heavier pressure amid strong competition and the impact will be seen in the price of loans, says Patrick Gelin, chairman...
UniCredit financing to top 600m euros
UniCredit Leasing Corporation, the largest leasing company on the local market, will grant financing worth over 600 million euros this year, up at least 20% on 2007. "In 2008, we are certain...
EBRD grants 80m-euro financing for energy firms
Romania is set to receive 80m euros from the European Bank for Reconstruction and Development (EBRD), and the European Union to support the development of energy efficiency projects. The fin...
Hypo Real Estate targets big cities for real estate financing
Hypo Real Estate Bank International, the international division of the largest German real estate finance group, is considering expanding its operations to the big cities in Romania, after g...
1 billion-euro financing for three developers
Copper Beech, Africa Israel and Iulius Grup have contracted financing worth around 1bn euros this year to develop the real estate projects announced for the next 3-5 years. The biggest loans...
Tougher financing terms for shopping centre projects
Banks have become more reluctant to grant financing for shopping centre projects amid turmoil on the US subprime market, which is having an indirect effect on domestic developers. "Companies...
Tiriac Leasing, 164m-euro financing after 9 months
Tiriac Leasing, a member of Tiriac Holdings group, granted financing worth 164 million euros in the first nine months of the year, up 44% against the same time last year. Financing for the a...