Archive » February 2009 » 24 February 2009 The english news from 24 February 2009
Romania's Finance Ministry draws lei 2.35bn from treasury certificates at an average yield of 11.48%
The Public Finance Ministry (MFP) sold treasury certificates maturing in three months for 2.35 billion lei today, 2.4 times higher than the sum initially announced, at an average yield of 11.48 percent, according to the central lender BNR. The amount initially established for this bid was of 1 billion lei…
Multinationals cannot find buyers for former factories' plots
The sale of unused assets, once the fastest way to bolster a company's cash reserves, has in the past year become a cumbersome process, at the very moment pressures on cash are at their peak. The old plants of some top FMCG producers, such as Unilever, Colgate-Palmolive or Cadbury, are likely to stay on the market for much longer than the normal duration of the sale of such assets, of six to nine months…
Romania to request money from the EC within 10 days
First Vice President of the Democratic-Liberal Party (PDL) Theodor Stolojan, told Business Standard that the Romanian state will submit an official request to the European Commission for a loan within ten days. "We cannot wait too long because resources are limited," stressed former Prime Minister Stolojan…
EBRD May Grant Romania's BCR An EUR100M Loan To Finance SMEs
The European Bank for Reconstruction and Development is considering a senior loan for up to EUR100 million to Romanian lender Banca Comerciala Romana (BCR) to be on-lent by BCR to small and medium enterprises in Romania, EBRD announced Monday. "The proceeds of the credit line will be used by BCR to provide medium and long-term financing to private companies for production, investment, trade, services and working capital needs," EBRD said…