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.

Patricia Andrei, New Human Resources Manager At CEC Bank
10.06.2021

Patricia Andrei has taken over the position of Human Resources (HR) Manager at state-run lender CEC Bank, coordinating the lender’s entire HR... more
Three-Month ROBOR Surges To 2.07% A Year After Central Bank Raises Key Rate
10.06.2021

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its... more
- Romania Central Bank Raises Key Rate To 1.5% From All-Time Low Of 1.25%
Deloitte Romania, Reff & Asociatii Assist Chimcomplex In Contracting EUR90M Loan
10.05.2021

A multidisciplinary team of the Financial Advisory Practice of Deloitte Romania and of law firm Reff & Asociatii, member of the Deloitte Legal... more
- Chimcomplex Signs EUR56.7M Loan Contracts With CEC Bank, Alpha Bank To Fully Refinance Existing Loans
- Businessman Stefan Vuza Set To Access RON2.5B Financing For Investments At Chimcomplex
World Bank Revises Up Romania’s GDP Growth Forecast To 7.3% In 2021 Vs 6% Previously
10.05.2021

The World Bank on Tuesday (October 5) revised upwards its forecast on Romania’s economic growth to 7.3% in 2021, from a previous projection of 6%... more
Romania Central Bank Raises Key Rate To 1.5% From All-Time Low Of 1.25%
10.05.2021

Romania's central bank on Tuesday (October 5) raised its benchmark interest rate to 1.5% a year from an all-time low of 1.25% a year. more
Romania Rejects All Bids For Two Bond Issues Worth A Total RON900M
10.04.2021

Romania's finance ministry on Monday rejected all bids for two treasury bonds worth a total RON900 million (EUR181.9 million) maturing in October... more
Three-Month Money Market Rate Spikes To 1.81% A Year
10.04.2021

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its... more
Distribution And Logistics Firm Aquila Gets EUR10M From EBRD For Development
10.01.2021

Distribution and logistics company Aquila, with an annual turnover of EUR370 million, borrows EUR10 million from the European Bank for... more
European Fund for Southeast Europe Provides New Loan Of EUR10M To BT Microfinantare
10.01.2021

The European Fund for Southeast Europe (EFSE) has provided a new loan worth the equivalent in lei of EUR10 million to BT Microfinantare (BT Mic),... more
Romania Launches Three New Population Bond Issues On October 4
10.01.2021

Romania's finance ministry will be launching three new bond issues for the general population Monday, October 4, which can be subscribed until... more
Three-Month Money Market Rate Climbs To 1.79% A Year
10.01.2021

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its... more
New Consumer Loans In Lei Surge 49.4% YoY To Nearly RON2.63B In August 2021
09.30.2021

Romanian consumers took out almost RON2.63 billion new consumer loans in August 2021, the second highest monthly volume in the last 14 years and... more
Three-Month Money Market Rate Keeps Growing, Hits 1.77% A Year
09.30.2021

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its... more
Three-Month Money Market Rate Keeps Upward Trend, Jumps To 1.74% A Year
09.29.2021

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its... more
Alpha Bank Romania, AFIR Sign Protocol To Ease Financing Of Rural Development Projects
09.28.2021

Alpha Bank Romania has signed a collaboration protocol with Romania's Agency for Rural Investment Financing (AFIR) in order to speed up the... more
Libra Internet Bank Raises EUR27.8M Via Private Placement Of Bonds
09.28.2021

Libra Internet Bank has raised EUR27.8 million from stock market investors through a private placement of bonds, with a seven-year maturity and an... more
Three-Month Money Market Rate Soars To 1.69% A Year
09.28.2021

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 1.69%... more
Romania Raises RON400M Selling Oct 2027 Bonds At 3.75% Average Yield
09.27.2021

Romania's finance ministry on Monday raised 400 million lei (EUR80.8 million) selling bonds maturing in October 2027 at an average yield of 3.75%,... more
Luminita Runcan Elected President Of Financial Markets Association
09.24.2021

Luminita Runcan was elected President of the Financial Markets Association (ACI FMA), at a meeting held on September 23. more
Three-Month Money Market Rate Surges To 1.65% A Year
09.24.2021

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 1.65%... more

Romania To Get EUR809M EIB Support for COVID-19 Resilience, Education, Energy, Private Investment

Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR809

Alpha Real Estate Services Sells Three Hotels in Bucharest to Zeus International

Alpha Real Estate Services (ARES), the real estate arm of Greek Alpha Bank Group, has sold three iconic hotels in the heart of

EDP Renewables Prepares Return to Investments in Romania

Portugal’s EDP Renewables (EDPR), the third most important investor in green power in Romania, says new projects will only come if

Dacia Registers Record Orders for Electric Vehicle

Romanian carmaker Dacia, owned by France's Renault, registered a record number of orders over the weekend for its first all-electric

Developer Portland Trust Set to Invest in Solar Parks in Romania

Portland Trust, one of the most powerful real estate developers in Romania, says it plans to have a more than 500 MW solar park

Foreign Capital Inflows on Romanian Financial Market Drop 73% in 2020

Foreign investors operating on the Romanian financial market injected over RON200 million (around EUR42.3 million) as capital into

Cluj Metropolitan Train Line Gets Urban Planning Certificate

The Cluj county council has issued an urban planning certificate in view of area planning and feasibility studies for the city's future

Private Pension Assets in Romania Grow 21% in 2020

The assets managed by private pension funds (Pillar II and Pillar III) reached RON78.07 billion at the end of 2020, 21% higher compared

Colliers: Over 80% Of New Sales Spaces In 2021 Will Be Retail Parks, Including Smaller Shopping Centers

Real estate developers delivered some 142,400 square meters of new modern retail spaces in 2020, little over half of the estimates

Analysis

One in Ten Tourism Employees Exited Sector in 2020

One in ten tourism employees left the industry in 2020, so that the domestic hospitality market had just 165,000 workers last year, in line with ZF calculations based on Trade Registry data.