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EU clears Cernavoda for 224m euro loan
EU clears Cernavoda for 224m euro loan
EU postpones decision on Cernavoda loan
The European Union has postponed the decision on lending 224 million euros to Romania for a week. The loan was necessary to fund the works on the second nuclear reactor of the Cernavoda plan...
60m-euro EBRD loan for Petrom in Kazakhstan
SNP Petrom will contract a 60 million-euro loan from the European Bank for Reconstruction and Development (EBRD), to be used for its oil operations in Kazakhstan, general manager Gheorghe Co...
BCR gets $200 million loan
The Romanian Commercial Bank (BCR) has attracted a $200m syndicated loan from the international financial markets, managing to double the value that had originally been announced. The amount...
Transports Ministry seeks short-term loan
The Ministry of Transports, Constructions and Tourism (MTCT) last week instructed the investment banks to modify the financing offer related to the $2.5bn contract concluded with US-based Be...
RomTelecom negotiates 200m-euro loan
National telecommunication operator RomTelecom is planning to contract a foreign loan worth 200m dollars, to fund investments in the telecom infrastructure development, banking market source...
AND takes $100m loan
The National Road Administration (AND) has contracted a 3,600bn ROL (more than $100 million) syndicated loan from five Romanian banks. The loan is repayable in three years and comes with a t...
Mortgage loan market sees growth
Figures confirm the potential of the mortgage loan market, which had been estimated as early as last year. The volume of mortgage loans granted by the banks in Romania is expected to climb t...
Economic restructuring has bankers concerned over loan repayment rate
What is the connection between the restructuring of state-owned enterprises and a potential extra worry for the bank managers? The link is very simple to trace: the beginning of state-owned...