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Articles - loans

Romania’s Alro secures USD 60 mln loan for 2016 investments

Alro SA, Romanian aluminium producer, has concluded a USD 60 million loan agreement with the Black Sea Trade and Development Bank (BSTDB), which will allow the company to proceed with its 2016 investment program, “focused on increasing the efficiency of its operations, reducing energy dependency and improving overall competitiveness,” according to a press release from BSTDB and Alro.

Transilvania Construcţii to create three real estate leasing companies

Real estate developer Transilvania Construcţii , controlled by the Timofte family, will associate with one of the owners in order to create three companies for leasing and subleasing properties.

EUR 35 million loan from Erste un for new factory in Covasna

Austrian businessman Gerald Schweighofer, the most powerful player in the local woodworking industry has obtained in the end of last year EUR 35 million loan from Erste Bank, main shareholder of BCR, a loan to finance the investment in a new factory in Covasna county, to become operational this spring.

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