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Vinterra gets $1.5m
Wine company Vinterra will get a non-repayable SAPARD loan worth $830,000, which it will use to update the grape processing capacities. The SAPARD funds will add to a capital injection worth...
Astra gets $10m from BCR
Astra Ploiesti Refinery will mortgage its entire patrimony of land and buildings worth 160bn ROL and product inventories worth 350bn ROL to secure a $10 million (330bn ROL) banking loan. Thi...
Transelectrica gets 100m euros
National electricity carrier Transelectrica got a 74 million euro loan from the World Bank (WB). The company is set to contract a new loan worth about 25 million euros from the European Bank...
SIF Banat gets $5.6m for West Bank stake
Societatea de Investitii Financiare (Financial Investment Company - SIF) Banat-Crisana got $5.67 million for the 22% in West Bank it sold to Italy-based San Paolo IMI group. SIF Banat-Crisan...
Aerostar gets $8m from Croatian Army
Aerostar Bacau has started upgrading 12 MIG 21 aircraft of the Croatian Defence Ministry, under an $8 million contract, Mediafax reports. Aerostar undertook to check, repair and raise the st...
Iraqi conflict eventually gets to international markets
The turn for the worse taken yesterday by the military operations in Iraq wreaked havoc among the world's financial markets. The European markets plummeted, the indices on the Wall Street pl...
Romania gets market economy status
The US Department of Commerce granted Romania the market economy status, a title that was due to come into force yesterday, following the publication of the decision in the US Official Gazet...
Iulius gets green light for mall in Timisoara
After having "threatened" to build a mall in Timisoara for a long time, the Iulius Group says it is ready to do it now. The group will start building a shopping complex in this city in April...
AVAB gets Holiday Inn
The Banking Assets Resolution Agency (AVAB) will take over the Sinaia-based Holiday Inn Hotel (formerly known as Mara) by mid February, in an attempt to recover a $27.8 million debt. The fou...