Govnet

NEPI raises roughly 80 mln euro for future development and potential acquisitions

The South African investment group NEPI (New Europe Property Investment) has run an equity raising of some 80 million euro through an accelerated book build, funds that will be used to support its future development and potential acquisition opportunities within Romania and the broader Central Eastern Europe region, according to an informing sent to the Bucharest Stock Exchange.

BCR, BRD, Raiffeisen and UniCredit Tiriac Bank to found the first council of employers in the banking field

BCR, BRD – Groupe Societe Generale, Raiffeisen Bank and UniCredit Tiriac Bank are going to establish the Council of Employers in Romania’s Banking Sector (CPBR), an entity intended to promote its members’ interest in their relations with the authorities, Mediafax informs. The registration procedures have already been initiated, the corresponding documents being submitted to the Bucharest Court, hence it is expected to be completed in the first half of the year – by the end of June 2014.

Hidroelectrica's debt, reduced by 67 pct since insolvency

Hidroelectrica continues reducing its financial liability after refunding the remaining balance of a short-term loan worth 80 million euro granted in 2009 by Alpha Bank. According to the company, last week, it also closed an investment loan of 100 million euro contracted in 2011 from the European Bank for Reconstruction and Development, without drawing under the credit agreement.

Financial

No binding offer for Oltchim’s privatization

No investor has submitted a biding offer for taking over the stake Oltchim S.A owns in Oltchim SPV S.R.L by the deadline which expired last Friday, March 28, 11:00 a.m. Four potential investors purchased the Presentation file for 20.000 euro plus VAT, but no biding offer was received in due time. However, as per an informing sent to the Bucharest Stock Exchange, after the established period of time for placing binding offers ran out, there was one sent, though, not considered since it was not in line with the related provisions and therefore, it will be returned.

Garanti Bank takes a loan up to 50 mln euro from EIB to finance SMEs projects

The European Investment Bank (EIB) is lending up to 50 million euro to Garanti Bank, money that will be allocated to finance projects run by Small and Medium Enterprises, midcap companies and public sector entities in Romania. The loan is focused on fostering undertakings with positive impact on unemployment in the country.

NEPI raises roughly 80 mln euro for future development and potential acquisitions

BCR, BRD, Raiffeisen and UniCredit Tiriac Bank to found the first council of employers in the banking field

Hidroelectrica's debt, reduced by 67 pct since insolvency

BNR keeps the annual monetary policy rate at 3.5 percent

No binding offer for Oltchim’s privatization

NEPI takes 20 mln euro loan from Garanti Bank for Shopping City Galati

Garanti Bank takes a loan up to 50 mln euro from EIB to finance SMEs projects

FDI in Romania, 8 percent growth in January 2014