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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Romania Private Lending Grows 1.2% on Month in March yesterday, 12:05
Private lending in Romania grew 1.2% (+0.7% in real terms) in March compared with February, to RON254.92 billion, central bank data showed Thursday. more
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Banca Transilvania Posts 19% Profit Growth in 1Q, to RON436M yesterday, 09:39
Banca Transilvania, Romania's leading lender by assets, on Thursady reported a net profit of RON436 million for the first quarter of 2019, up 19.1%... more
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Romania Approves Memorandum For $2.5M Loan To Fund Justice Quarters Realty Project 04.24.2019
The Romanian Government on Wednesday approved a memorandum of the Finance Ministry for receiving a downpayment of $2.5 million from the... more
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Dan Bucsa, UniCredit: Consumption, A Determining Factor For Romania’s GDP Growth In 2019 04.24.2019
Consumption will have the biggest contribution inRomania's gross domestic product (GDP) in 2019, and investments will not contribute to the... more
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ING Romania To Move Its Bucharest HQ To Blue Rose Office Park As Of Sept 1 04.22.2019
ING Bank will consolidate its operations and move its central headquarters in capital Bucharest to Blue Rose Office Park, the latest project of... more
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Romania Raises RON695M Selling Oct 2021 Bonds at 3.8% Average Yield 04.22.2019
Romania's finance ministry on Monday raised 695 million lei (EUR146 million) selling treasury bonds maturing in October 2021 at an average yield of... more
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Three-Month Money Market Rate Hits Nine-Month High Of 3.40% 04.22.2019
The three-month money market interest rate used to calculate interests for consumer loans in lei, touched the 3.40% a year mark on Monday, the... more
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BRD Approves Distribution Of Gross Dividend Of RON1.64/Share, At Nearly 12% Yield 04.18.2019
Shareholders of BRD - Société Générale, the third largest bank by assets on the Romanian market, on Thursday approved the distribution of a... more
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CEC Bank To Grant Extra Loans Of RON30–35B After Getting RON940M Capital Injection From State 04.17.2019
The Romanian state’s capital injection of RON940 million, from the state budget, into lender CEC Bank, will enable the latter to grant additional... more
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First Bank, Held By U.S. Investment Fund JC Flowers, Buys Bank Leumi Romania 04.16.2019
First Bank, held by U.S. private equity fund JC Flowers, has signed an agreement to buy the Romanian subsidiary of Israel’s Leumi Bank, according... more
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Libra Internet Bank 2018 Net Profit Soars 61% To Nearly RON96M 04.16.2019
Libra Internet Bank on Tuesday said it registered a net profit of RON95.8 million in 2018, up 61% year-on-year. more
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Teraplast Group Gets EUR16M EBRD Financing For Investments In Depaco And Its Steel Division 04.16.2019
The European Bank for Reconstruction and Development has awarded EUR16 million in financing to TeraPlast Group, the largest privately held Romanian... more
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Steven Van Groningen’s Term in Office as Raiffeisen Bank Romania CEO Renewed Until 2023 04.16.2019
Austria’s Raiffeisen group has renewed Steven van Groningen term in office as president and CEO of Raiffeisen Bank Romania until 2023. Steven van... more
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Raiffeisen Bank Finances Ten Projects Within Romanian Shipyard Constanta In 2005-2019 04.12.2019
Raiffeisen Bank financed ten projects within Romanian shipyard Santierul Naval Constanta (SNC), between 2005 and 2019, among which a vessel used in... more
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Four Insurers Account for 75% of Comprehensive Car Insurance Sales 04.12.2019
About 75% of the sales of comprehensive car insurance on the local market come from four major companies – Omniasig, Alllianz-Tiriac, Groupama... more
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BCR Puts Heritage Building in Piata Universitatii, Bucharest, Up for Sale 04.11.2019
Banca Comerciala Romana has put for up sale the palace in Piata Universitatii in Bucharest that once housed Generala insurance company and has been... more
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Six-Month Money Market Rate Grows To 3.41% 04.10.2019
The three-month money market interest rate used to calculate interests for consumer loans in lei, grew to 3.36% a year on Thursday, from 3.33% a... more
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Moody’s Assigns Baa2 Rating To 1st Tranche, Of EUR200M, Of Alpha Bank Romania’s Mortgage Bond Program 04.10.2019
Moody's Investors Service (Moody's) has assigned a Baa2 rating for the first tranche, of EUR200 million, of the mortgage bond program announced by... more
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BT: Romania’s Economy To Slow Down Growth Rate To 2.9% In 2019, To Accelerate To 3.3% In 2020 04.09.2019
The annual dynamics of Romania’s gross domestic product (GDP) will decelerate to 2.9% in 2019, from 4.1% in 2018, but is expected to accelerate... more
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Alpha Bank Romania Launches First Mortgage Bond Program In Romania 04.09.2019
Alpha Bank Romania has launched the first mortgage bond program on the local market, in the amount of EUR1 billion, and the first issue, with a... 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.
