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Articles - financing

Romanian PVC maker Teraplast submits request for state aid worth RON 65.6 mln

The PVC producer Teraplast aims to expand its capacities, therefore it requested a state aid worth RON 65 million to invest in its production capacities. The amount will be used to acquire machineries and for production halls building.

Mammoth Romanian energy group will get EUR 21 mln to modernize plants

Romania’s Energy Ministry has signed two financing agreements worth EUR 21 million with the energy producer Complexul Energetic Oltenia. The aim is to modernize the power plants at Rovinari and Isalnita, said energy minister Victor Grigorescu.

Antibiotice Iasi is planning to borrow RON 30 mln from Unicredit Bank

The medical drug producer Antibiotice Iasi (ATB) has called out a meeting with the shareholders on 11 August to approve the contract of a multi-currency loan of RON 30 million (EUR 6.7 million) from Unicredit Bank, according to Mediafax.

Firms in Romania can get state aid for investments over EUR 1 mln

Companies will be able to receive state aid for investments over EUR 1 million in their production units, said the Economy Minister Costin Borc.

Brașov Milk Factory gets EUR 3 million loan from Bancpost

Brașov Milk Factory, local producer of Olympus and Oly brands, takes EUR 3 million loan from Bancpost in order to finance current needs, according to a shareholders’decision.

Romanian Ministry of Finance considers increasing by 41 pct. the state aids budget for large investments

Ministry of Finance in Romania intends to increase the state aids budget for investments with large impact on economy, from 2.7 billion lei to 3.828 billion lei. Nine companies have received by far grants from the State, with a total value of 436.4 million lei.

AEW undertakes €420m refinancing of LOGISTIS French Portfolio with ING Real Estate Finance

AEW Europe, on behalf of its LOGISTIS Fund, announces that it has refinanced the French Portfolio of LOGISTIS with ING Real Estate Finance acting as Sole Underwriter and Facility Agent, for a total facility amount of €420 million.

Ecopaper Zărnești gets EUR 5 million loan from UniCredit Bank to complete investment

The manufacturer of paper for corrugated board Ecopaper Zarnesti, controlled by the businessman Vladimir Cohn, will access a loan of 5 million Euros from UniCredit Bank, to complete the investment in manufacturing equipment.

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