7 iul 2015

Citi, the US giant that manages almost two trillion dollars in assets worldwide, has redefined its strategy in the last five years, streamlined and restructured the business and decided to sell the more

22 iun 2015

Tension is mounting on the Romanian financial market, too, as Greek banks control 12% of the local banking assets, now that the crisis in Athens has reached that point where capital controls, more

18 iun 2015

Corporate lending recorded the highest non-performing loan ratio during the crisis, which peaked at 24% in the first half of 2014. Swiss franc and euro-denominated loans saw the highest NPL ratio of more

12 iun 2015

The banking system posted 800 million lei (EUR179 million) profit in the first quarter and remained profitable in April, as well, Nicolae Cinteza, head of the Supervision Department of Romania’s more

1 iun 2015

The Romanian economy is growing faster than the estimates at the beginning of the year, prompting an upward revision of the 2015 figures and of those for the coming years. more

31 mar 2015

The expansion of the shadow banking system comes as a reaction to the global financial crisis and to restrictions imposed on banks and it cannot said to be good or bad, but a necessity and the more

18 mar 2015

Mihai Tanasescu, who became vice president of the European Investment Bank (EIB) in 2012 and the first Romanian to climb so high up the ladder in a major international financial institution, is on more

13 mar 2015

Loans granted directly by shareholders or partners to companies – common practice especially with small and medium-sized businesses, as well as with foreign-held companies, rose during the crisis to more

12 mar 2015

The Finance Ministry repaid the first EUR1.5 billion tranche of the loan it took from the European Commission in 2009. The amount equals half of this year’s projected budget deficit. more

2 mar 2015

The audit and consulting services market has so far been dominated by men at top management level. However, in recent years, a rising number of women have managed to gain partner positions and in some more

17 feb 2015

The debts of state-run companies account for almost half of their revenue and most of the money is owed to the state budget. more

27 ian 2015

Companies should focus on brand strengthening, digitalization, proper cash management, cost control and improved performances given the volatile international context that could impact Romania as more

16 ian 2015

Swiss National Bank's move to remove the cap on the Swiss franc conversion rates sent the currency soaring against the euro, while in Romania it went from 3.7 lei to 4.3 lei in a matter of hours. more

8 ian 2015

Interests on leu loans have gone down with each monetary policy easing step of Romania's central bank so they are now competing with the cost of foreign currency loans. The adjustment trend will more

24 dec 2014

The mainly good news brought by the main macroeconomic indices in the second half of 2014 and the easing political tensions rebuilt analysts’ optimism after several months of plummeting confidence, more

3 dec 2014

Romania’s banking system is still reeling after six years of crisis because it failed to restructure on time, for which reason costs remain high and revenues low. more

21 nov 2014

Economic growth was close to 3% nine months into the year compared with the same period of 2013, following the surprising increase in the gross domestic product in the third quarter largely driven by more

18 nov 2014

Romania has elected a new president, Klaus Iohannis, but has the same government led by Prime Minister Victor Ponta, and no budget for next year. A budget, which, regardless of how it is devised, will more

11 nov 2014

Romania’s economy showed signs of a rebound in September but it remains to be seen whether the progress was enough for it to return to positive territory after having slipped into technical more

5 nov 2014

Romania’s central bank on Tuesday cut the key rate again, to 2.75%, in another attempt to encourage lending. Governor Mugur Isarescu urges banks to get close to their customers and not expect them more

24 oct 2014

The central bank and the Finance Ministry have only EUR2.2 billion left to repay of the loan Romania took from the International Monetary Fund in 2009, with the former repaying most of this amount, more

16 oct 2014

The attitude of tax authorities in Romania has been unmindful of the business sector and is now anti-business. This relationship between the tax authorities and the local business sector, the frequent more

9 oct 2014

The five-year term of the current Board of Directors of Romania’s central bank (BNR) is coming to an end, so a new board comprising new and already existing members will take over next week having more

1 oct 2014

The lower than expected economic growth, the low inflation level and still depressed lending activity, as well as the decision of the European Central Bank to cut monetary policy rate to an all-time more

1 oct 2014

Most money transfers to Romania operated through Western Union were made from Italy, Germany and Spain, and the average value of a transfer is around $300, said Daniela Budurea, Western Union country more