heavily
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Corporate sector heavily borrowing from abroad
More than 50% of the corporate loans granted in foreign currencies by UniCredit Tiriac since the beginning of the year (accounting for both the former HVB Tiriac and UniCredit Romania) were registered directly abroad, because of the cost of the minimum mandato...
Siemens to continue investing heavily in Romania
The German industrial group Siemens, which presented its major development avenues for the next decade in Berlin, this week, will continue to invest heavily in Romania. "We are very happy wi...
Romanian economy relies heavily on foreign loans to fund budget deficit
With a budget deficit almost 80% financed from external sources, public investment projects and soaring bills for imports funded with loans that are constantly guaranteed by the State, Roman...
Danube Tiger heavily exposed to Romania
Regional investment fund Danube Tiger, managed by Austrian Hyposwiss Group, at the end of last year had come to an exposure of above 20 million euros to Romanian bonds and shares, which acco...