Archive » October 2006 » 23 October 2006 The english news from 23 October 2006
Romania: BNR Imposes Restrictions on Granting Loans
The conditions related to providing loans to the population will become more restrictive, as of today, by including, within the ceiling used in evaluating the reliability of the clients, all the costs related to the loans attracted by individuals, including financial leasing contracts.…
Romania: Raiffeisen Bank Grants Loans to SMEs w/out Guarantees
The small and medium-sized enterprises, (SMEs), can get one-year loans up to RON70,000 from Raiffeisen Bank Romania without material guarantees, the bank stated.…
Romania: Binding Offers for Electroputere Sale due by end-November
Romania will set a deadline of end-November for binding offers for the sale of state-controlled electrical equipment maker Electroputere Craiova , said the privatisation authority AVAS.…
Romania: Loans of €200 mil Will be Used for Transport Upgrade
The Ministry of Public Finances (MFP) will take foreign loans up to EUR 144 M and to maximum USD 92.35 M for partially funding the projects developed by Ministry of Transports, Constructions and Tourism (MTCT) for upgrading the domestic companies active in railway, air and underground fields, based on a Decision passed by the Executive last week, Nine o' Clock reports.…
Romania: Treasury to be Connected to Electronic Inter-banking System
Ministry of Public Finances (MFP) organises a call for projects in relation to selecting a company that will develop a network to connect the Treasury to the electronic inter-banking payment system, Nine o' Clock reports.…
Romania: Board to Decide on Tractorul Plant's Sale of Modules
The members of the Administration Board (CA) of Tractorul Brasov plant will convene in order to approve the sale of the viable modules of the plant, the union agreeing with the privatisation plan proposed by the Authority responsible for the State Asset Resolution (AVAS), according to a statement made by the President of the institution, Razvan Orasanu, Nine o' Clock reports.…
Romania: Petrom Contemplates Entrance to Electricity Mkt
Petrom analyses the possibility of entering the electricity market during the following months, said the company's Deputy General Manager Werner Schinhlan.…
Romania: IAR Brasov Helicopter Producer to Enter Privatization Process
The privatization announcement for the Rasdaq-listed IAR Brasov helicopter producer will be published by Oct 26, according to economy minister Codrut Seres.…
Romania: Eximbank to Finance Finansbank's SME Clients
The export-import Eximbank signed a contract with Finansbank, agreeing to finance the SME clients of the Turkish credit institution for a period of one year with a total of RON 16.6m.…
Romania: Romexterra's Majority Shareholder MKB to Develop SME Segment
Hungarian bank MKB, the new majority shareholder of Romexterra, plans to develop operations on the SME and retail segments, as well as to finance major projects, said Tamas Erdei, chairman and CEO at MKB.…