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Credit Europe Bank takes EUR 40 M loan to finance Romanian businesses

credit-europe-bank

The European Bank for Reconstruction and Development (EBRD) is providing EUR 40 million financing, in three tranches, to Credit Europe Bank to continue supporting Romanian small businesses. “We are pleased to partner with Credit Europe Bank (Romania) in order to ...

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Over 90 M from EU, EIB and EBRD to build gas pipeline between Moldova and Romania

Dimitri Gvindadze (L), Head of the EBRD’s office in Chisinau, and Octavian Calmic (R), Moldovan Deputy Prime Minister and Economy Minister, at the signing of the loan agreement for the construction of Ungheni-Chisinau gas pipeline (ebrd.com)

The European Union (EU), the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are providing a EUR 92 million financing package for the construction of a natural gas pipeline from Romania to Chisinau, in a ...

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FDI in Romania in January-October 2016, at 8-year record level

fdi-in-romania

Non-residents’ direct investment (FDI) in Romania totalled EUR 3,736 million in the first ten months of the year, of which equity (including estimated net reinvestment of earnings) amounted to EUR 2,951 million and intercompany lending recorded a net value of ...

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Intesa Sanpaolo Bank will close down 3 of the 7 branches in Bucharest

intesa-sanpaolo-romania

Intesa Sanpaolo Bank will close down in the first month of next year three of the seven branches in Bucharest, following the losses registered last year amounting to EUR 29 million. By January 20 the bank will close down the ...

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Monsson Group’s Romanian subsidiary got EUR 43 M from China Development Bank

monsson

Mireasa Energies SRL, part of Monsson Group, controlled by Swedish businessman Emanuel Muntmark, one of the largest developers of wind farms in Romania, has contracted in November last year, a loan of EUR 43 million from state-controlled banking giant China ...

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Debt discharge and conversion laws, lower risks for financial stability

financial-stability

The laws on debt discharge and conversion of foreign currency loans in lei represent decreasing risks for the financial stability, Liviu Voinea, deputy governor of the National Bank of Romania (BNR) said on Tuesday, presenting central bank’s Report on Financial ...

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EC’s Dombrovskis: CHF loans conversion law to be carefully applied in Romania

chf-loans

The law on Swiss franc (CHF)-denominated loans conversion into the local currency must be implemented very carefully in Romania, Valdis Dombrovskis, Vice-President of the European Commission for Financial Stability, Financial Services and Capital Markets Union, stated, taking into account the ...

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Banks in Romania to outsource NPL portfolios of EUR 1.6 bn

npl

Domestic banks intend outsourcing some of the bad loans portfolios of EUR1.6 billion for 2017-2018, according to Top Factoring, one of the largest companies of the debt collection market in Romania. Top Factoring specialists say that most of the 12 ...

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Foreign exchange reserves slightly up to EUR 34.3bn

bnr

On November 30st 2016, the National Bank of Romania’s foreign exchange reserves stood at EUR 34,387 million, compared to EUR 34,347 million on October 31st 2016, the central bank informs. During the month, the following flows have taken place: EUR ...

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