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Financial

IBRD provides 1 billion euro loan for development and reform programs in health sector

Following approval of the World Bank's Board of Executive Directors earlier this year, Ioana-Maria Petrescu, the Minister of Public Finance, Liviu Voinea, the Minister Delegate for Budget and Elisabetta Capannelli, Country Manager at the World Bank’s Romanian Office concluded the agreement for two loans coming to 1 billion euro to be provided by the International Bank for Reconstruction and Development (IBRD). The amount is divided into a 750 million euro Development Policy Loan (DPL) and a 250 million euro financing destined to support the health sector reform project.

IFC provides 35 mln euro to Garanti Bank to support small businesses in Romania

The International Finance Corporation, part of the World Bank Group, is lending 35 million euro to Garanti Bank, amount which will be allocated to finance small and medium-sized enterprises in Romania. Of the total amount, the bank announced that 20 million euro is destined to support enterprises in this categories run by female entrepreneurs.

Electroputere Craiova runs an equity offering to raise share capital

Electroputere, the Craiova-based electrical equipment manufacturer, is running an equity offering so as to raise share capital and partially offset the debt resulted from the loan transactions the major shareholder concluded with the company, is stated by a notification sent to the Bucharest Stock Exchange where it is listed. The capital increase was approved last year in early November during the Extraordinary General Meeting of Shareholders, the Financial Supervisory Authority approving the Offering Prospectus at the end of the past month.

IBRD provides 1 billion euro loan for development and reform programs in health sector

Fondul Proprietatea announces sale agreement for a 5 percent stake in Romgaz

IFC provides 35 mln euro to Garanti Bank to support small businesses in Romania

Electrica's IPO is ongoing

The 5 pct decrease of the CAS comes into effect in October, without the IMF’s approval

Ponta: the IMF defers the third review on the SBA with Romania until November

Increasing exports and imports and higher trade deficit at four months in 2014

Electroputere Craiova runs an equity offering to raise share capital