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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BT Analyst: Romania’s GDP Sees Weakest Growth Of Last 5 Years Due Mainly To Deteriorating Investment Climate 11.14.2019
In the third quarter of 2019, Romania’s economy saw the weakest growth, of 3%, of the past five years(since the second quarter of 2014), due... more
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Raiffeisen Bank 9-Month Net Profit Falls 25% YoY To RON536M 11.14.2019
Raiffeisen Bank on Thursday said it ended the third quarter of 2019 with a net profit of RON536 million, down 25% from the year-earlier period, due... more
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Banca Transilvania 9-Month Net Profit Soars 41% YoY To RON1.3B 11.14.2019
Banca Transilvania Financial Group on Thursday said its consolidated net profit grew 26.4% on the year to RON1.56 billion in January-September... more
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Central Bank: Private Lending Growth is Robust; Avg Rate on New Loans Saw Slight Correction 11.13.2019
The central bank's board noted that private lending posted robust annual growth in September, slightly more moderate compared with August, its... more
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Euroins Romania Revenue Up 29% YoY To Nearly EUR197M In Jan-Sept 2019 11.13.2019
Insurance company Euroins Romania on Wednesday said its revenue grew 29% year-over-year to nearly EUR197 million in January-September 2019. more
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Ten Most Profitable Banks in Romania Posted RON6.6B Profit in 2018, Triple 2009 Level 11.13.2019
The ten most profitable banks in Romania posted 6.64 billion lei (EUR1.39 billion) profit last year, 3.5 times higher than their profit a decade... more
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Survey: Four in Five Romanians Pay Bills on Time 11.12.2019
Payment punctuality among Romanians is on the rise, as 81% of bills are paid on time in 2019, compared with 74% in 2018, according to a Kantar... more
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Libra Internet Bank Posts RON91M Profit in Jan-Sept, Up 21% YoY 11.12.2019
Libra Internet Bank said Tuesday it registered a net profit of RON91 million in January-September, 21% higher compared with the same period in... more
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Insurers Accepted 88,174 Third-Party Damage Claim Files in 2Q 11.11.2019
Romanian insurers accepted 88,174 damage claim files under third-party motor vehicle insurance policies in the second quarter of 2019, 6.15% fewer... more
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Romania Raises RON792M Selling Sept 2023 Bonds at 3.86% Average Yield 11.11.2019
Romania's finance ministry on Monday raised 792 million lei (EUR166.2 million), well above its RON500 million plan, selling bonds maturing in... more
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NN Pensii Appoints Dan Gheorghe As Chief Investment Officer 11.11.2019
Private pension fund NN Pensii has appointed Dan Gheorghe, former vice-president at Franklin Templeton Investments, which manages Fondul... more
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UniCredit Bank Sees Romania’s GDP Growth At 4.2% In 2019 11.08.2019
Romania's gross domestic product (GDP) is expected to grow 4.2% in 2019 and 2.6% in 2020, against the backdrop of increased activity in the... more
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OTP Bank Romania 9-Month Adjusted Profit After Tax Grows 14% To RON79M 11.08.2019
OTP Bank Romania, the local division of Hungary’s largest bank group, on Friday said its adjusted profit after tax grew 14% year-on-year to RON79... more
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Central Bank Governor Says Economy Is Concerning But Manageable 11.08.2019
Romania's economy is neither collapsing nor on the brink of collapse despite claims by politicians that the state of the country's economy is in... more
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Romania's Central Bank Lowers Inflation Forecast to 3.8% in 2019, 3.1% in 2020 11.08.2019
Romania's central bank has lowered its year-end inflation forecast to 3.8% for 2019, from a previous forecast of 4.2%, central bank governor Mugur... more
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Romania Raises RON528M Selling Aug 2022 Bonds at 3.55% Average Yield 11.07.2019
Romania's finance ministry on Thursday raised 528.5 million lei (EUR111 million) selling bonds maturing in August 2022 at an average yield of... more
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Romania Raises RON227M Selling Oct 2034 Bonds at 4.75% Average Yield 11.07.2019
Romania's finance ministry on Thursday raised 227 million lei (EUR47.7 million) from an initial plan of RON200 million selling bonds maturing in... more
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International Investment Bank Raises RON500M in 3-Year Bond Issue 11.07.2019
International Investment Bank (IIB) has recently attracted a new round of financing on the Bucharest Stock Exchange for the fifth year in a row.... more
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Romanian Central Bank Keeps Key Rate Unchanged at 2.5% a Year 11.06.2019
Romania's central bank on Wednesday kept its benchmark interest rate on hold at 2.5% a year. more
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BRD Posts RON1.2B Net Profit in Jan-Sept 11.06.2019
BRD SocGen, the third largest bank in Romania by assets, said Wednesday it recorded a net profit of RON1.2 billion in the first nine months 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.
