Corporate Lending Up to RON3.9B in October, 14-Year Monthly Peak
12.16.2020
Banks in Romania granted 3.9 billion lei in new leu loans to companies in October, an increase of RON1.3 billion or 50.5% on the year-ago month. Corporate lending reached the highest level of the year in October as well as the highest monthly level in 14 years.
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Uniqa Posts EUR3.2M Net Profit in Romania in 2020 02.23.2021
Austrian insurance group Uniqa, which owns general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata in... more
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Life Insurance Up 28% to RON2.22B in Romania in Past Decade 02.23.2021
Life insurance, a segment that has significant potential in Romania, reached RON2.22 billion gross written premiums at the end of 2020, 2% lower... more
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Romania Private Lending Grows 0.4% on Month in January 02.23.2021
Private lending in Romania grew 0.4% in nominal terms but decreased 0.9% in real terms in January compared with December, to RON283.531 billion,... more
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Romania Rejects All Bids For January 2028 Bonds 02.22.2021
Romania's finance ministry on Monday rejected all bids at a tender for bonds maturing in January 2028 in which it planned to raise 500 million lei... more
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Romania’s Banking System Profit Shrinks 19.5% to RON5.1B in 2020 02.22.2021
Romania’s banking system (34 lenders) ended 2020 with RON5.14 billion net profit, assets reached a new high and loan-to-deposit and... more
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Allianz Group, Also Present In Romania, Ends 2020 With 9.3% Lower Operating Profit, Of EUR10.8B 02.19.2021
German Allianz Group, also present on the Romanian market, ended 2020 with total revenue of EUR140 billion, down 1.3% on the year, and an operating... more
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Insurance Market In 2020: Guarantee Insurance Tripled In Last Decade, To Over RON460M 02.19.2021
Guarantee insurance, a segment included in the category of general insurance, registered underwritten gross premiums of RON464.5 million at the end... more
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iFactor Gets Funding from ROCA X, Targets Four New Markets in Two Years 02.18.2021
iFactor, an online platform helping SMEs sell their individual outstanding invoices for immediate cash, will receive a round of financing from... more
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Romania Raises RON430M Selling Oct 2034 Bonds at 3.75% Average Yield 02.18.2021
Romania's finance ministry on Thursday raised 430 million lei (EUR88.2 million) selling bonds maturing in October 2034 at an average yield of... more
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Damen Shipyards Mangalia Gets RON60M CEC Bank Loan to Fund Current Operations 02.18.2021
Romanian state-owned lender CEC Bank has granted a RON60 million loan to Damen Shipyards Mangalia, one of the largest shipbuilders in Europe,... more
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Health Insurance Market Almost Triples in Five Years 02.17.2021
Health insurance market in Romania ended 2020 with RON451.5 million gross written premiums, Financial Supervisory Authority preliminary data show;... more
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Erste, ING Raise 2021 Growth Projections for Romania after Surprisingly Positive 4Q/2020 Data 02.16.2021
Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing... more
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One United Properties Gets EUR50M From Black Sea Trade Bank To Finalize One Tower Office Building 02.16.2021
One United Properties, a real estate developer held by Victor Capitanu and Andrei Diaconescu, has obtained financing of EUR50 million from the... more
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Auto Liability Insurance Market Doubled in A Decade, Comprehensive Insurance Up 26% 02.16.2021
Mandatory auto liability insurance (RCA) has recorded a significant increase in the past decade, as gross written premiums doubled, while... more
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Romania Raises RON1.2B Selling June 2026 Bonds at 2.3% Average Yield 02.15.2021
Romania's finance ministry on Monday raised 1.2 billion lei (EUR246 million), double compared with its target, selling June 2026 bonds at an... more
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Pillar II Pension Fund Assets Grow by RON3B in January 02.15.2021
The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had record assets of RON78.2 billion at the end of... more
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Allianz Pension Funds Reach 5.01% Holding in Transgaz 02.12.2021
Romania's natural gas transmission company Transgaz (TGN.RO) said in a market report Friday that Allianz SE, parent company of Allianz-Tiriac... more
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Fitch Affirms Romanian Garanti Bank At 'BB-'; Outlook Negative 02.11.2021
International rating agency Fitch Ratings has affirmed Garanti Bank S.A.'s (GBR) long-term Issuer Default Rating (IDR) at 'BB-' with a negative... more
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Romania Raises EUR936M Selling Aug 2026 Bonds at 0.65% Average Yield 02.11.2021
Romania's finance ministry on Wednesday raised EUR936 million from the local market, versus its EUR200 million target, selling a new issue of... more
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Romania Raises EUR309.7M Selling Dec 2023 Bonds at 0.09% Average Yield 02.11.2021
Romania's finance ministry on Wednesday raised EUR309.7 million from the local market selling treasury bonds maturing in December 2023 at an... more
FAN Courier, the leading courier services company in Romania, expects to end the year with a turnover of EUR205 million – close to
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Swedish real estate developer Skanska has sold office buildings Campus 6.2 and Campus 6.3 in Bucharest to Austrian developer S Immo,
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SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software
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TeraPlast, the parent-company of TeraPlast Group, announced Friday the sale of its window profiles business to Dynamic Selling Group, a
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U.S. automaker Tesla is in a straight line with the opening of a center in capital city Bucharest and, for starters, it seeks to employ
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Romania plans to invest over EUR22 billion in its energy sector in the next ten years, according to the country's draft energy strategy
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Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the
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The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million)
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DCS Plus, Druid and Tremend are the Romanian companies recognized in the Deloitte 2020 Central Europe Technology Fast 50 program in the
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Pet food and other care product sales will increase by 13% to almost 3 billion lei this year, data provided by market research company
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Romania’s Automotive Industry Loses EUR5B in Revenue Due to Production Halt in Spring
The revenue of Romania’s automotive industry shrank by 15% from more than EUR30 billion in 2019 to some EUR25 billion this year, data from Romania’s carmaker association ACAROM shows.
