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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Transgaz seeks EUR 74 mln loans for investments

Romania's natural gas transport system operator Transgaz wants to borrow RON 360 million (EUR 74 mln) for 13 years to finance its investments.

Last summer, the company borrowed another RON 300 mln (EUR 64 mln) for working capital.

___STEADY_PAYWALL___

The banks willing to finance the state-owned company's investment plans can submit bids by October 8, 2020.

The interest rate can be fixed or variable - indexed to the 6-month ROBOR. Transgaz is listed on the Bucharest Stock Exchange (BVB) and has a capitalization of RON 3.4 billion (EUR 700 mln).

"The selection of a financing bank will be carried by conducting competitive negotiations in line with the provisions of a tender book that is available upon request to interested banks," reads the bidding call published by Transgaz.

The gas transporter is one of the most profitable state companies in Romania, with solid cash flow. However, in recent years, it distributed almost its entire profits as dividends.

(Photo: Tinnaporn Sathapornnanont | Dreamstime)

[email protected]

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Transgaz seeks EUR 74 mln loans for investments

Romania's natural gas transport system operator Transgaz wants to borrow RON 360 million (EUR 74 mln) for 13 years to finance its investments.

Last summer, the company borrowed another RON 300 mln (EUR 64 mln) for working capital.

___STEADY_PAYWALL___

The banks willing to finance the state-owned company's investment plans can submit bids by October 8, 2020.

The interest rate can be fixed or variable - indexed to the 6-month ROBOR. Transgaz is listed on the Bucharest Stock Exchange (BVB) and has a capitalization of RON 3.4 billion (EUR 700 mln).

"The selection of a financing bank will be carried by conducting competitive negotiations in line with the provisions of a tender book that is available upon request to interested banks," reads the bidding call published by Transgaz.

The gas transporter is one of the most profitable state companies in Romania, with solid cash flow. However, in recent years, it distributed almost its entire profits as dividends.

(Photo: Tinnaporn Sathapornnanont | Dreamstime)

[email protected]

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