16 apr 2019

Austria’s Raiffeisen group has renewed Steven van Groningen term in office as president and CEO of Raiffeisen Bank Romania until 2023. Steven van Groningen, 60, has been running Raiffeisen Bank more

22 mar 2019

Romanian private capital companies saw 6.7% profitability in 2017, calculated as a ratio of their net profit and revenue, reveals the 4th edition of „Capitalul privat romanesc” (Romanian private more

20 dec 2018

The business sector had a very harsh reaction to the government’s proposed new taxes in banking, energy and telecom sectors, asking it to stop. The Bucharest Stock Exchange lost 11% and fell into more

9 nov 2018

The state-run energy sector crown jewels are now assessing their reserves as the government wants additional dividends from them. Meanwhile they could see their investment budgets hurt, while stock more

4 mai 2018

United States Vice President Mike Pence will be in Romania this fall for the “Three Seas Initiative” (the Baltic, Adriatic and Black Sea Initiative), regional summit, signaling US involvement in more

22 mar 2018

ArcelorMittal group could sell the steel mill in Galati (the former Sidex), to offset the takeover of Ilva (Italy), the largest steel plant in Europe, Reuters reports, noting the decision to sell more

30 ian 2018

Romanian private companies reached 46% market share in 2016, down 1% on 2015. Foreign companies account for 50%, according to the „Romanian private capital” survey of ZF and PIAROM, the more

30 oct 2017

Tension between government and the business sector is mounting alarmingly fast after the Finance Ministry announced significant changes of the fiscal legislation at the end of last week: 1% tax on more

2 oct 2017

If the public authorities in Romania are interested to get infrastructure work funded, they must come up with good projects; so far, they have only been weak, Werner Hoyer, president of the European more

1 mai 2017

The initial public offering of telecom, Internet and cable TV operator RCS & RDS has been fully subscribed on the institutional investor segment and 43% subscribed on the retail investor segment in more

16 feb 2017

Romanian privately-held companies were three times more profitable than multinationals in 2015, with a net result (profits minus losses) of 27 billion lei (EUR5.99 billion) and RON551 billion revenue, more

9 ian 2017

The income of the upper management in companies and banks is under attack by the new PSD (Social Democrat Party) government, which dropped the social security tax (CAS) cap of five gross average more

8 iul 2016

Romania’s national company in charge of highways and national roads (CNADNR) spent 152 million lei (EUR34 million) on highway projects in January-May out of a yearly budget of RON1.8 billion, more

12 aug 2015

The banks participating to the First Home scheme have granted more than 150,000 government-secured loans worth 25 billion lei (EUR6 billion) to people looking to buy a home since 2009. more

25 mai 2015

Leszek Balcerowicz, 68, the author of the shock therapy in Poland in the 90s, says that the only solution for the development of Romania is to encourage entrepreneurship, especially for small more

18 mai 2015

Radu Gratian Ghetea, who is due to retire from his position as CEC Bank president after eight years, says the most difficult moment of his entire 43-year career in the banking sector was the more

2 dec 2014

More than 1,400 people said goodbye to President Traian Basescu at the Cotroceni Palace on Monday night, at his last December 1 (Romania’s National Day) speech in this position. more

11 aug 2014

The confiscations ordered in the Dan Voiculescu-Food Research Institute (ICA) case are a first for a privatization investigation, which shows the government can hope to recoup the losses in other more

8 apr 2014

The share of transport equipment in the overall exports rose from 3% to 14% between 2000 and 2013, during a period when the value of exports increased from EUR11 billion to EUR49 billion, which more

7 apr 2014

The significant increase in industrial output in Romania last year, of 8%, is not getting enough attention and the indicators of the first two months show the upward trend continues, said central bank more

17 mar 2014

The Financial Supervisory Authority should be dissolved, Cristian Constantinescu, one of the most experienced specialists in the insurance industry in Romania, told ZF in an interview. more

6 ian 2014

The visible decline of leu interest rates should revive the demand for loans, but the major obstacle to the market rebound remains the absorption of the huge volume of non-performing loans. more

29 nov 2013

French group AXA confirmed Friday it sold its operations in Romania to insurer Astra Asigurari, owned by Romanian businessman Dan Adamescu, and will exit the local market. more

18 oct 2013

Foreigners are more confident in Romania’s development potential than Romanians themselves, Viscount Etienne Davignon, chairman of financial group Bilderberg, said in Bucharest Thursday. more

4 oct 2013

Radu Gratian Ghetea, president of the Romanian Banking Association (ARB), says he is not worried about loss to the banking system as a result of court cases that could be brought by individual debtors more