July 28, 2014

Volksbank concluded the sale of bad loans package
Jul 28, 2014

Volksbank concluded the sale of bad loans package.
Volksbank reduced its portfolio by selling a package of bad mortgage loans, with a total value of ER 495 M, reads a communique. The bank sold this portfolio to a consortium of foreign investors, comprising Deutsche Bank, AnaCap Financial Partners LLP, H.I.G Capital International Advisers and (...)
[Read the article in Nine O`Clock]

Romania to reach EU funds absorption rate of 80 pct in 2015 Minister for European Funds, Eugen Orlando Teodorovici said on Thursday in Braila (south-eastern Romania) that Romania will reach an EU funds absorption rate of 80 percent next year.

Press Review - October 24, 2014

Major Power Producers Unable To Sell Anything On OPCOM Exchange Major companies in the energy generation business say they can barely cope now due the decline in power prices and the failure to sign long-term contracts.

Romania's Debt To International Lenders Down To EUR9B The central bank and the Finance Ministry have only EUR2.2 billion left to repay of the loan Romania took from the International Monetary Fund in 2009, with the former repaying most of this amount, EUR1.9 billion.

Mega Image Set To Maintain Focus On Bucharest Mega Image will maintain its focus on Bucharest, where it already owns almost 80% of the 360 stores it has in Romania, says Xavier Piesvaux, the executive who has been running the company’s local business since 2009.

Weight Of Bulk Products, Still High On Romania's Wafers Market Romanians consume on average around thirty 20-gram wafers annually, on a market where bulk products still account for over one quarter in total wafer volumes sold, reveals a ZF survey.

Azomures Gets EUR75M Funding From BCR And UniCredit BCR and UniCredit Tiriac, two large banks in Romania, granted funding worth EUR75 million to Romanian fertilizer producer Azomures. The company will use the money to upgrade its two ammonia plants. : all romanian news. Copyright © DIRECTWAY | RSS Romaniapress NEWSNews RSS |