Update: The government will pass the ordinance covering measures aimed at reducing public spending and the budget...
Romania’s Ministry of Finance (MF) raised RON 2.6 billion (EUR 523.1 million) through its sixth Fidelis government bond...
Several Greek real estate investors plan to build an amusement park on a 30-hectare plot in Chiajna near the A1 highway, across the street from Carrefour Militari, with the first phase of the project expected to be finalized next year, romania-insider.com has learned.
The European Bank for Reconstruction and Development (EBRD) is analyzing the possibility to lend up to EUR 200 million for the Kaulfand operations in Poland and Bulgaria and for Lidl's activity in Romania and Bulgaria, according to Bulgarian media. The funding should cover the market entry costs for the two retailers on these new markets.
BNR admits: Banks passed the crisis by throwing the burden to consumers – in Ziarul Financiar, Kazakhs menace the state with Petromidia shutdown, while having the most powerful lawyers aside – in Ziarul Financiar, Raiffeisen, ING and BRD will list Fondul Proprietatea – in Ziarul Financiar, Flanco escapes bankruptcy after eight months of emotions – in Ziarul Financiar, Consumer loans from 2005 have the biggest arrears – in Ziarul Financiar, Chaos for submitting declarations for intellectual property rights and registered individuals – in Gandul
Local lender BCR has taken a EUR 75 million loan from the European Bank for Investments (EIB), which will be channeled towards financing for small and medium enterprises. Companies with up to 249 employees, including new companies, which work in industry, tourism, services, agriculture and construction can ask for financing from this line.
Shipyard group Daewoo Shipbuilding & Marine Engineering Co., which is running business in Romania through Daewoo Mangalia Heavy Industries, may build wind farm technology at a shipyard venture in Romania, depending on demand in Europe, according to a company representative quoted by Bloomberg.
Oil and gas group Rompetrol says it will pay off USD 100 million of the USD 570 million it owes to the Romanian state by the end of the year, according to company representatives who attended a press conference earlier today. The company has already paid USD 71 million from the entire amount. The loan payment, which is due at the end of September this year, stems from Petromidia's refinery debt from 2003, which was converted by the then Government into seven-year maturity bonds, which now need to be repaid, or else they will be converted into shares.
Bucharest will have a new stadium next year, when the Lia Manoliu stadium, which is currently in works, will be finalized. The structure of the stadium is 90 percent finalized, according to its constructors, Astaldi-Max Boegl.
Oil and gas company Rompetrol will organize a press conference on Wednesday to clarify issues related to the company's debt to the state, as well as the finalization of the public takeover offer for Rompetrol Rafinare.
Around 4.5 million Romanians have loans, more than the total number of employed people in Romania, according to a report from the Romanian Central Bank (BNR). Out of this number, 500,000 people fall into the riskiest category, with three loans, two with banks and one with a non-banking financial institution.
Several Greek real estate investors plan to build an amusement park on a 30-hectare plot in Chiajna near the A1 highway, across the street from Carrefour Militari, with the first phase of the project expected to be finalized next year, romania-insider.com has learned.
The European Bank for Reconstruction and Development (EBRD) is analyzing the possibility to lend up to EUR 200 million for the Kaulfand operations in Poland and Bulgaria and for Lidl's activity in Romania and Bulgaria, according to Bulgarian media. The funding should cover the market entry costs for the two retailers on these new markets.
BNR admits: Banks passed the crisis by throwing the burden to consumers – in Ziarul Financiar, Kazakhs menace the state with Petromidia shutdown, while having the most powerful lawyers aside – in Ziarul Financiar, Raiffeisen, ING and BRD will list Fondul Proprietatea – in Ziarul Financiar, Flanco escapes bankruptcy after eight months of emotions – in Ziarul Financiar, Consumer loans from 2005 have the biggest arrears – in Ziarul Financiar, Chaos for submitting declarations for intellectual property rights and registered individuals – in Gandul
Local lender BCR has taken a EUR 75 million loan from the European Bank for Investments (EIB), which will be channeled towards financing for small and medium enterprises. Companies with up to 249 employees, including new companies, which work in industry, tourism, services, agriculture and construction can ask for financing from this line.
Shipyard group Daewoo Shipbuilding & Marine Engineering Co., which is running business in Romania through Daewoo Mangalia Heavy Industries, may build wind farm technology at a shipyard venture in Romania, depending on demand in Europe, according to a company representative quoted by Bloomberg.
Oil and gas group Rompetrol says it will pay off USD 100 million of the USD 570 million it owes to the Romanian state by the end of the year, according to company representatives who attended a press conference earlier today. The company has already paid USD 71 million from the entire amount. The loan payment, which is due at the end of September this year, stems from Petromidia's refinery debt from 2003, which was converted by the then Government into seven-year maturity bonds, which now need to be repaid, or else they will be converted into shares.
Bucharest will have a new stadium next year, when the Lia Manoliu stadium, which is currently in works, will be finalized. The structure of the stadium is 90 percent finalized, according to its constructors, Astaldi-Max Boegl.
Oil and gas company Rompetrol will organize a press conference on Wednesday to clarify issues related to the company's debt to the state, as well as the finalization of the public takeover offer for Rompetrol Rafinare.
Around 4.5 million Romanians have loans, more than the total number of employed people in Romania, according to a report from the Romanian Central Bank (BNR). Out of this number, 500,000 people fall into the riskiest category, with three loans, two with banks and one with a non-banking financial institution.