26 August 2010

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.

26 August 2010

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

25 August 2010

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.

25 August 2010

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.

26 August 2010

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.

26 August 2010

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

25 August 2010

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.

25 August 2010

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.

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