loan

Patria Credit IFN Gets EUR2.5M EFSE Loan to Fund Farmers

18:36, 07 Ian. 2020
Patria Credit, the non-banking financial institution owned by Patria Bank Group, which funds farmers and farming micro-enterprises, received a EUR2.5 million loan from the European Fund for Southeast Europe (EFSE), it said in a press release Tuesday.

Romania To Borrow EUR60M From IBRD To Improve Legal Services

19:17, 05 Apr. 2017
Romania will contract a loan of EUR60 million from the International Bank for Reconstruction and Development (IBRD) to finance a project aimed at enhancing legal services, according to a bill ratifying the agreement, which was adopted by the government on Wednesday.

IMF Approves EUR480M Disbursement To Romania

20:01, 29 Sept. 2011
The International Monetary Fund Thursday completed the second review of Romania’s economic performance under a EUR3.5 billion precautionary loan agreement, enabling the disbursement of a new EUR480 million tranche.

World Bank Lends Romania EUR500M For Social Assistance Reforms

11:26, 27 Mai 2011
The World Bank’s Board of Executive Directors on Thursday approved a EUR500 million loan to support a social assistance program of Romania’s government estimated at EUR5.5 billion.

Romania Unlikely To Tap Into IMF Funds In 2011 – Mission Head

11:18, 09 Mai 2011
Romania is highly unlikely to access the funds made available through a EUR5 billion precautionary deal from the International Monetary Fund and the European Union in 2011, IMF mission chief Jeffrey Franks said Monday.

Romania Meets EU Criteria For EUR150M Loan Disbursement

10:33, 09 Mai 2011
Romania has met the criteria requested by the European Commission for the disbursement of the final tranche of a EUR5 billion loan, worth EUR150 million, the EU mission chief Istvan Szekely said Monday.

Romanian President: IMF Follow-Up Deal To Enable Continued Reforms

18:48, 07 Mai 2011
Romanian President Traian Basescu said Saturday that the new deal with the International Monetary Fund is "precautionary" and its purpose is continuing reforms, with international financial assistance.

Romania To Draw IMF Funds Under Follow-Up Deal If Recession Lingers

19:58, 04 Apr. 2011
Romania is not expected to use the EUR5 billion placed at its disposal under a precautionary loan agreement with the International Monetary Fund and the European Commission, unless the economy underperforms, according to an IMF report.

Romania Must Improve Tax Collections, Slash Arrears, Costs To Lower Deficit – IMF

15:47, 26 Mart. 2011
Continued efforts to improve tax collections, tackling expenditure pressures, particularly in the health sector, and reducing arrears will be crucial to sustain the Romanian budget deficit's reduction, said the International Monetary Fund (IMF).

IMF: Romania’s Decision To Waive On Final Installment Unmeddled With

11:59, 08 Feb. 2011
Romania’s decision not to draw the last installment from its EUR13 billion loan with the International Monetary Fund was made of the government’s own accord and it sends a positive signal to investors worldwide, an official of the International Monetary Fund said Tuesday.

World Bank Approves EUR300M Disbursement To Romania

10:27, 21 Ian. 2011
The World Bank on Thursday approved the disbursement to Romania of a EUR300 million installment of its EUR1 billion financial loan aimed to support structural reforms in key economic and social areas, the international institution said in a statement.

IMF Says Flexible On New Romania Loan Agreement

18:26, 18 Ian. 2011
The International Monetary Fund will show flexibility regarding the duration of a follow-up agreement with Romania, IMF mission head Jeffrey Franks said Tuesday, without giving an exact timeframe.

World Bank To Join IMF, EU For Romania Follow-Up Deal

14:00, 18 Ian. 2011
The World Bank is prepared to offer Romania technical and financial assistance for its planned follow-up deal with the International Monetary Fund and the European Commission, much like it did when the initial bailout package was signed two years ago, a World Bank official said Tuesday.

Romanians Must Guarantee “First Home” Loan With Current Account

19:45, 17 Ian. 2011
Romanians who will take out loans within the “First Home” program must guarantee their loan with their current account and can file currency swap requests, according to the explanatory note to a Government decision which amends the norms implementing the program.

Romania To Sign Precautionary Deal With EU – Fin Min

13:34, 10 Ian. 2011
Romania will sign new, precautionary agreements with both the International Monetary Fund, and the European Commission, Finance Minister Gheorghe Ialomitianu told a news conference Monday.

IMF Board OKs Disbursement Of EUR0.9B To Romania

20:28, 07 Ian. 2011
The International Monetary Fund Board approved Friday the release of the seventh disbursement of a stand-by loan to Romania, worth EUR900 million, and the money is to enter the Romanian central bank’s accounts most likely on Monday.

Romania Contemplates EUR6B Follow-Up Agreement With IMF – Sources

06:23, 21 Dec. 2010
Romanian authorities consider signing a precautionary agreement with the International Monetary Fund worth between EUR5 billion and EUR6 billion, but the exact amount will not be set until March next year, people familiar with the matter said Monday.

Romanians May Choose To Repay Loans In Equal Or Decreasing Installments

20:47, 23 Nov. 2010
Romanians will have the option of repaying a loan in installments of equal or of decreasing value, with the latter chose reducing the total cost of the loan, but limiting the borrowed amount.

Romanian SMEs Guarantee Fund Grants 30,500 First Home Loan Guarantees Of EUR1.25B

20:13, 11 Nov. 2010
The Romania fund guaranteeing SME loans FNGCIMM granted 30,500 loan guarantees amounting to EUR1.25 billion, since the start of the local First Home program in mid-2009, fund president Aurel Saramet said Thursday.

Romania, IMF To Discuss Follow-Up Deal In Q1 2011

14:25, 01 Nov. 2010
Romania and the International Monetary Fund will discuss the terms of a possible follow-up loan agreement at the fund’s next review mission to Bucharest in 2011, IMF mission head Jeffrey Franks said Monday.

Romania May Get Another IMF Loan Tranche By Yearend

12:09, 25 Oct. 2010
Romania may receive by the end of the year another tranche out of the EUR13 billion stand-by loan from the International Monetary Fund, a fund official said Monday.

Romania To Meet Medium-Term Fiscal Targets, Must Ensure Permanence Of Adjustments – IMF

14:35, 25 Sept. 2010
The recent efforts toward fiscal consolidation have put Romania on a sure path to meeting its short- and medium-term fiscal targets, but the main challenge is ensuring the permanence of these adjustments, by maintaining expenditure constraints and through structural fiscal reforms, said the IMF.

IMF To Start Preliminary Talks On New Romanian Loan In Oct – Official

19:11, 24 Sept. 2010
The International Monetary Fund on Friday agreed to hold preliminary talks that could lead to a new loan agreement with Romania during the fund’s upcoming mission to the country in October, said Mihai Tanasescu, Romania’s representative to the IMF.

Romanian Govt Reshuffling Won’t Affect Disbursement Of New Loan Installment – IMF Official

11:56, 04 Sept. 2010
The chief of the International Monetary Fund mission to Romania, Jeffrey Franks, said Saturday that the reshuffling of the Romanian Government will not affect the disbursement of a new loan installment to Romania and will not lead to higher financing costs.

Romanian Govt To Cover Difference Between Farming Loan Interest And EC Reference Rate

09:04, 26 Aug. 2010
Romania’s Government will allot 103 million lei (EUR1=RON4.2368) until 2012 to cover the difference between the interest rate of loans taken out by farmers for production in 2010 and the reference rate announced monthly by the European Commission, Agriculture Minister Mihail Dumitru said Wednesday.

Kazakhs Paid Only 10% Of Romanian Petromidia’s Debt To The State – ZF

12:19, 19 Aug. 2010
Romanian Rompetrol Rafinare (RRC.RO), the owner of Petromidia refinery controlled by Kazakh KazMunayGas, paid so far less than 10% of the EUR570 million loan falling due at the end of September, while the rest of the sum might be converted into shares, to settle the rest of the debt.

Romania To Use Any Future Intl Loans For Investments Only – PM

12:02, 06 Aug. 2010
Any future loan Romania might take will be used to fund investments and development projects only and money going into consumption will come from the country’s own economy, Prime Minister Emil Boc said Friday.

IMF To Release New Funds To Romania Once Pre-Conditions Met

11:08, 04 Aug. 2010
The International Monetary Fund will release another EUR914 million of its EUR13 billion loan to Romania as soon as the government has fulfilled pre-conditions to reduce budget deficit, IMF mission chief Jeffrey Franks said Wednesday.

Romania Has Money To Pay Pensions In 2010 – Fin Min

14:53, 27 Iul. 2010
Romania will not face problems with paying pensions this year, Finance Minister Sebastian Vladescu said Tuesday.

IMF, Romania Discuss New Loan Agreement – Employers’ Assoc

12:43, 27 Iul. 2010
Romanian authorities and the International Monetary Fund are discussing a possible new loan to the eastern European country, the head of Romanian employers’ confederation UGIR-1903 said Tuesday, citing talks with IMF mission chief Jeffrey Franks.

Romanian President Reiterates Need To Cut Public Spending To Avoid New Loan

10:27, 09 Iul. 2010
Romanian President Traian Basescu said Thursday on public television that Romania might have to take out a new loan in March 2011 if the Government fails to reduce costs with public salaries and pensions.

Romanian CFR Calatori Seeks RON30M Credit Line

13:20, 07 Iul. 2010
Romanian state-owned railway company CFR Calatori seeks a 30 million lei (EUR1=RON4.2320) revolving credit line to refinance a loan and for working capital, the company announced.

Romanian Govt Guarantees Homeowner Loans For Thermal Rehabilitation

11:23, 01 Iul. 2010
The Romanian Government decided in its meeting Wednesday to approve a normative act setting that homeowners can have their apartments thermally refurbished by taking out bank loans guaranteed by the state with subsidized interest.

Romania Dropped Intra-EU Trade VAT Lest It Should Endanger EU Loan Tranche – Fin Min

13:32, 29 Iun. 2010
Romania quit plans to apply VAT on intra-EU trade, as the European Commission warned authorities the country might put on the line the new loan installment to be disbursed by the European Union in September, Finance Minister Sebastian Vladescu said Tuesday.

IMF Could Halt Tranche If Romania Unable To Make Fiscal Adjustments – RBS

23:32, 25 Iun. 2010
Romania’s EUR13 billion loan agreement with the International Monetary Fund could come to a halt unless the government is able to legislate fiscal adjustments in time for a new disbursement, RBS analyst Timothy Ash told MEDIAFAX Friday.

Interior Minister Says Romania Needs A New IMF Loan Agreement

14:04, 13 Iun. 2010
Romania’s democrat liberal Interior Minister Vasile Blaga told an interview for Pro Tv that he thinks Romania needs to conclude a new agreement with the International Monetary Fund, which implies a new loan, but stressed, however, that the issue hasn’t been discussed by Government members.

EIB Expected To OK EUR65M Loan For Romanian Transelectrica

19:58, 10 Iun. 2010
The European Investment Bank might approve next week a EUR65 million loan for Romanian state-owned power grid operator Transelectrica (TEL.RO), the company’s general manager Adrian Baicusi told a news conference Thursday.

Romania Must Borrow Extra EUR5B, Apart From IMF Loan, To Meet New Budget Deficit Target

00:03, 12 Mai 2010
Romanian President Traian Basescu said Tuesday Romania should borrow extra EUR5 billion from the market, apart from the EUR3 billion to be disbursed by the International Monetary Fund and the European Union by the end of the year, in order to keep the deficit in the new cap agreed with the IMF.

Romanian Banks’ Contributions In Deposits Guarantee Fund To Hike As Of 2011

00:53, 11 Mai 2010
Romania’s deposits guarantee fund FGD will consolidate its funds through raising, as of 2011, the contributions of the participating banks and will progressively give up the stand-by credit lines, according to additional documents to the agreement sealed with the International Monetary Fund.

Romania Promises To Revive Privatization Program

00:37, 11 Mai 2010
Romania has pledged to "aggresively" resurrect the privatization program, especially in the industry, energy, transport, tourism or agriculture, as part of its efforts to raise budget revenue to meet the International Monetary Fund requirements.