Financial
October 28, 2014 13:26
The leasing division of the financial group Garanti Romania has been provided a 7 million euro loan by the International Finance Corporation (IFC), member of the World Bank Group, funds which will be used to finance small and medium sized enterprises. ...more »
October 23, 2014 16:55
Azomures has concluded a 75 million euro loan agreement for the modernization of its two ammonia plants. The funds were secured from a syndicated loan granted by BCR in cooperation with UniCredit Tiriac Bank and will enable the Romanian chemical fertilizers producer based in Targu Mures to carry out one of the most important investment project included in the programme aimed at modernizing the production facilities....more »
October 23, 2014 15:33
The Romanian Government raised 1.5 billion euro in a ten-year euro-denominated bond, the first ever with an interest rate below 3 percent (2.981 percent). In comparison, the last similar bond issue in April 2014 was closed with an interest rate of 3.701 percent....more »
October 23, 2014 11:47
New Europe Property Investment has run an equity raising of approximately 100 million euro through an accelerated book build on the Johannesburg Stock Exchange, funds which will be used to finance three recently announced acquisitions - Aurora Shopping Mall and Alba Iulia Strip Mall in Romania in Romania and Kragujevac Plaza Shopping Mall in Serbia, as well as future development and extension pipeline, along with possible further acquisitions....more »
October 23, 2014 11:00
Banca Transilvania has been approved a credit line of 150 million euro by the European Investment Bank (EIB), amount which will be allocated to projects to be promoted by small and medium-sized enterprises, midcap companies and public entities operating in Romania’s industry, services, agriculture and infrastructure sectors....more »
October 22, 2014 17:07
Romania will improve the absorption of EU funds by next year, Eugen Teodorovici, the Minister of European Funds, anticipating an 80 percent absorption rate allocated as per the financial framework 2007-2013....more »
October 22, 2014 15:20
The South African investment fund has announced an equity raising of roughly 80 million euro through an accelerated bookbuild opened on October 22, 2014, at 09h00 (South African time), NEPI reserving the right to close it at any time.  Also, the size of equity raise could be increased, depending on demand....more »
October 20, 2014 12:32
Standard & Poor’s has affirmed the long and short-terms foreign and local currency credit ratings on Romania at ‘BBB/A-3’, maintaining the outlook stable. The credit rating agency explains through a release that the ratings are supported by “Romania’s low and declining external debt stock, its narrowing general government deficits, and moderate stock of general government debt amid relatively firm growth prospects”....more »
October 08, 2014 13:16
The International Monetary Fund has revised the latest estimation on Romania’s economic progress (2.8 percent in July 2014) to 2.4 as per the World Economic Outlook report released on 7 October. Although anticipating a slower growth rate, the estimation is improved compared to the initial prediction of 2.2 percent. For the next year, though, the IMF maintained the projection, expecting an advance by 2.5 percent of the GDP....more »
October 07, 2014 16:50
The Ministry of Finance issued a draft law for amending the Law no. 297/2004 on the capital market. The bill, which can be checked on the ministry’s website, is aimed at aligning the current legislation to the existing standards in order for Romania be ranked as an emergent capital market, thus increasing external visibility and attracting new investors. This legislative approach is part of a broader initiative of a working group lead by the Bucharest Stock Exchange and which comprises representatives of the domestic capital market, the Financial Supervisory Authority and of the National Bank of Romania....more »
Govnet Next Events