Romanian Government Softens Bank Tax, Disconnects It from Money Market Rates
03.27.2019
Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft published late Tuesday that amends the controversial tax decree introduced in December 2018.
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New Central Bank Board Takes Over Friday 10.10.2019
Romania' central bank gets a new board starting Friday, for a period of five years, whose goal will be euro adoption. more
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World Bank Raises Romania's GDP Growth Forecast to 4.2% in 2019 10.09.2019
The World Bank has raised its economic growth projection for Romania to 4.2% in 2019, from its April forecast of 3.6%, and to 3.6% for 2020, from a... more
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Leonardo Badea Resigns as President of Financial Watchdog for Central Bank Job 10.09.2019
Leonardo Badea has resigned from his position of president of the financial supervision authority ASF, effective October 11, 2019, to take on a new... more
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VGP Gets EUR34M Loan from Raiffeisen to Fund Industrial Project in Timis County 10.09.2019
VGP Park Timisoara, owned by Belgian industrial property developer VGP, has contracted a EUR34 million loan from Raiffeisen Bank International AG... more
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NN Group Ups Its Holding In BRD-SocGen To 5.01%, Controls Voting Rights Bundle Valued At Nearly RON500M 10.08.2019
Dutch-held NN Group has increased its holding in BRD-Societe Generale to 5.01%, controling a package of 34.9 million voting rights, valued at... more
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BT Mic Granted Financing To 10,000 Firms In Last Two Years 10.07.2019
Non-banking financial institution BT Mic, a company of lender Banca Transilvania, which is engrossed in financing small businesses, has granted... more
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EIB Lends Over EUR21M For Thermal Rehabilitation Of Buildings in Bucharest’s Sector 2 10.07.2019
The European Investment Bank (EIB) has agreed to lend EUR21.1 million, the first tranche of an approved EIB loan of EUR63.6 million, for financing... more
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Romania Raises RON500M Selling Aug 2022 Bonds at 3.51% Average Yield 10.07.2019
Romania's finance ministry on Monday raised a planned 500 million lei (EUR105.3 million) selling bonds maturing in August 2022 at an average yield... more
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Romania Private Pension Funds Had Assets of RON57.43B in 1H/2019 10.07.2019
The assets managed by private pension funds (Pillar II and Pillar III) reached RON57.43 billion (EUR12.13 billion) in the first half of 2019, from... more
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SME Council Unveils Romania Tech Nation Project 10.04.2019
Romania’s National Council of Romanian Small and Medium-sized Enterprises, or CNIPMMR, is launching a project called Romania Tech Nation, in... more
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Food Waste Management Company Winnow Gets EUR7.5M EIB Loan 10.04.2019
Winnow, which has a branch in Cluj, Romania, has secured EUR7.5 million financing from the European Investment Bank to develop and introduce... more
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Banca Transilvania Group Buys Private Pension Fund Certinvest Pensii 10.04.2019
Banca Transilvania Financial Group said Friday it was expanding its financial services into private pension territory by acquiring 100% of... more
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EIB Group Expands Its Support to Romanian SMEs 10.03.2019
The European Investment Bank Group announced Thursday it was expanding its support to Romanian businesses by allocating additional funding under... more
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Central Bank: Current Account Deficit Widening Poses Growing Concerns 10.03.2019
Romania's future fiscal and income policy stance is a source of heightened uncertainties and risks to the inflation outlook, while the widening of... more
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Romania Raises RON702M Selling Apr 2026 Bonds at 4.02% Average Yield 10.03.2019
Romania's finance ministry on Thursday raised 702.3 million lei (EUR147.9 million) selling treasury bonds maturing in April 2026 at an average... more
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Romanian Central Bank Holds Key Rate at 2.5% a Year 10.03.2019
Romania's central bank on Thursday kept its benchmark interest rate on hold at 2.5% a year, in line with analysts' expectations. more
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Romania Forex Reserves Drop to EUR35.423B in September 10.01.2019
Romania's foreign exchange reserves declined to EUR35.423 billion at the end of September, from EUR35.619 billion at the end of August, central... more
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Grawe Romania Asigurare Boosts Share Capital By EUR5M 10.01.2019
Grawe Romania Asigurare, the local division of Austrian insurer Grawe, increased its share capital by EUR5 million (the equivalent of RON23.5... more
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Consumer Loan Reference Index Reaches 2.66% for 2Q 09.30.2019
Romania's consumer loan reference index, or IRCC, stood at 2.66% in the second quarter, slightly higher than the 2.63% value for the first quarter... more
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Banca Transilvania Raises Share Capital to RON5.2B 09.30.2019
The board of Banca Transilvania (TLV.RO), the largest lender in Romania by assets, has approved a share capital raise by RON172,665, to a total of... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
