Romanian Post plans to take up RON 100mln loan to secure working capital

Newsroom 23/07/2012 | 14:30

The Romanian Post will organize in September a tender for taking up a loan of RON 100 million (nearly EUR 22 million) for a year, which will be used for financing work capital. The estimated costs are RON 8.8 million (nearly EUR 2 million).

The potential parties in the tender must provide a participation warranty of RON 140,000 (EUR 30,500).

The loan will be reimbursed from the Romanian Post’s own resources.

The Romanian Post is owned by the Ministry of Communications, which has a 75 percent stake, and Fondul Proprietatea, with 25 percent stake. The territorial network of the operator counts 7,100 post offices.

Last year, the Romanian Post posted a turnover of RON 1.26 billion (EUR 274 million), down 8.7 percent on the previous year. The company posted 50 percent more losses, amounting to RON 182.9 million (approximately EUR 40 million).

 Otilia Haraga

 

 

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue