The largest Romanian bank, BCR, part of Austria's Erste Bank group, confirmed that it contributed EUR 101mn to the EUR 300mn syndicated loan contracted by the local telecom company RCS&RDS, Ziarul Financiar reported. This has been the largest individual loan extended by BCR this year, bank's CEO Dominic Bruynseels stressed. Local bank CEC and Credit Suisse also contributed to the loan. The interest rate for the five-year loan is reportedly around 5% for euros, according to sources quoted by the daily said. The EUR 101mn contributed by the BCR, disbursed to RCS&RDS as the first tranche of the loan, will be used for covering other company's loans that mature. |
Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more
Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more
The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more