Finance

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EBRD and Eiffel Investment Group to provide 24.4 million euros funding to INVL Renewable Energy Fund I for construction of 60 MW solar power plant in Romania

Petre Barac Posted On August 5, 2024

The European Bank for Reconstruction and Development (EBRD), together with Eiffel Investment Group, will provide 24.4 million euros funding to INVL Renewable Energy Fund I, a fund investing in renewable energy projects, of INVL Asset Management, a leading alternative asset […]

4.0K Views

Editor Choice / Finance / Latest News

Garanti BBVA Romania reports net revenues of 319.6 million RON, up 30.6 percent in first half of 2024

Petre Barac Posted On August 5, 2024

Garanti BBVA Romania reports solid results for the first six months of 2024, with growth across all business segments. The bank’s net revenues from January to June increased by 30.6 percent, reaching RON 319.6 million compared to RON 244.7 million […]

3.5K Views

Editor Choice / Energy / Finance / Latest News

Transgaz signed a syndicated loan contract for approximately 1.93 billion RON

Petre Barac Posted On August 2, 2024

Transgaz, the technical operator of the National Gas Transmission System, signed a syndicated loan contract for a total amount of 1.93 billion RON to ensure the financing of investment projects included in the National Gas Transmission System Development Plan. UniCredit […]

3.6K Views

Economics / Editor Choice / Finance / Top stories

BCR posts net profit of 264 million Euro, up 18.3 percent in the first half of 2024

Petre Barac Posted On August 2, 2024

BCR achieved a net profit of RON 1,314 million (EUR 264 million) in H1 2024, up by 18.3 percent against RON 1,111 million (EUR 225 million) in H1 2023, driven by improved operating result underpinned by advance in customer business. […]

3.4K Views

Editor Choice / Finance / Latest News

Filip & Company assists Banca Transilvania in closing the acquisition of OTP Bank Romania

Petre Barac Posted On August 1, 2024

The Filip & Company team provided legal assistance to Banca Transilvania on closing its acquisition of OTP Bank Romania and OTP Leasing Romania. The acquisition documents were signed in February 2024 and in the meantime regulatory approvals have been obtained. […]

3.8K Views

Editor Choice / Finance / Top stories

Raiffeisen Bank Romania posts profit of 820 million RON in the first half of 2024

Petre Barac Posted On July 30, 2024

Raiffeisen Bank Romania’s assets reach 74 billion RON in the first half of 2024, an increase of 12 percent compared to the same period in 2023, with a profit of 820 million RON. Operating expenses have increased by 12 percent […]

3.8K Views

Editor Choice / Finance / Real estate / Top stories

Belgian logistics company WDP gets 250 million euros loan to install PV panels and EV charging stations in Europe

Petre Barac Posted On July 29, 2024

The European Investment Bank (EIB) is lending Belgium-based Warehouses De Pauw (WDP), which develops and leases logistics properties across Europe, 250 million euros to install rooftop solar panels and increase electric-vehicle charging stations for tenants. The loan is for up […]

3.6K Views

Editor Choice / Entrepreneurs / Finance / Latest News

CEC Bank grants financing in the “Woman Entrepreneur” program

Petre Barac Posted On July 29, 2024

CEC Bank is granting funding this year through the Woman Entrepreneur Program 2024 Edition, the scheme aimed at stimulating and supporting the establishment and development of SMEs led by women, improving their economic performance, achieving sustainable and inclusive economic growth, […]

3.7K Views

Editor Choice / Finance / Top stories

Patria Bank signs deal for a financing of 25 million Euros from the European Investment Bank

Petre Barac Posted On July 25, 2024

The European Investment Bank (EIB) has signed a contract with Patria Bank for the granting of financing in the amount of 25 million Euros. This represents a first tranche of a total level of 50 million Euros approved by the […]

3.5K Views

Editor Choice / Finance / Investments / Latest News

CEC Bank provided a loan of 112.6 million RON for the construction of the oncology hospital in Mureș

Petre Barac Posted On July 23, 2024

CEC Bank contributed with a credit facility of 112.6 million RON to the development of the Medex Oncological Hospital project, recently inaugurated in Sângeorgiu de Mureș. “By financing this new investment, CEC Bank reconfirms its commitment to support the development […]

3.3K Views

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