Tag: Erste Bank (5 articles)

Real estate   |   20 May, 2025 at 1:39 PM

Iulius, Atterbury Europe secure record €400 million loan for mixed-use project in Cluj-Napoca

Iulius and Atterbury Europe have secured the largest loan ever granted for a new real estate development in Romania. The €400 million syndicated financing will back the development of the Rivus Cluj-Napoca mixed-use urban reconversion project. The green loan was provided by a consortium of four major financial institutions: Erste Bank, BCR, EBRD, and BRD. 

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Romania cuts budget deficit to 6.40% in first 11 months
Finance

Romania cuts budget deficit to 6.40% in first 11 months

Romania's consolidated general budget recorded a deficit of  RON 121.77 billion (€23.90 billion), equivalent to 6.40% of GDP, in the first eleven months of 2025, down 0.74 percentage points from 7.15% in the same period of 2024.

Energy

PPC Romania to build 100 MW gas plant in Reșița

A company from the PPC Romania group will construct a natural gas power plant with a capacity of approximately 100 MW on Valea Terovei, on the site of the former UCC - Uzina Cocso Chimică platform in Reșița.