Govnet

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.

Fitch confirms Romania’s rating: ‘BBB-‘, the outlooks are stable

The credit rating agency has affirmed Romania’s long-term IDR (Issuer Default Rating) at ‘BBB-‘ and local currency IDR at ‘BBB’, the outlooks being stable, a press release states. Similarly, the issue ratings on senior secured foreign and local currency bonds have been affirmed at ‘BBB-‘ and ‘BBB’, respectively.

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

FP recommends to shareholders a secondary listing on the London Stock Exchange

Fitch confirms Romania’s rating: ‘BBB-‘, the outlooks are stable