August 31 (SeeNews) - Raiffeisen Bank said on Tuesday it has extended a 900,000 euro ($1.06 million) loan to Romanian cosmetics, pharma and household products manufacturer Grande Gloria Production.
Grande Gloria Production will use the funds to buy new equipment, Raiffeisen Bank said in a press release.
The loan is guaranteed by state-owned EximBank on behalf of the Romanian state within the framework of a Covid-19 state aid scheme.
Grande Gloria Production produces wet wipes, cosmetics,
disinfectants, pharma products and personal care and household products, as well as PET packaging.
($=0.8478 euro)