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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CTP Secures EUR82M Credit Line to Expand CTPark Bucharest West 07.03.2019
CTP, the largest developer and administrator of premium industrial and logistics parks in Romania and Central and Eastern Europe (CEE), has secured... more
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ZF Bankers Summit’19: What the Bank of The Future Will Look Like in Romania 07.03.2019
The bank of the future will probably be a mix of traditional and digital, the face-to-face interaction of bankers with customers will go hand in... more
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Stanimir, BCR: If A Bank Is Not Ready For A Certain Sector, It Must Invest In Partners That Are Ready 07.02.2019
Banks should be open to innovation and have the necessary appetite to assess the potential of other industries and to achieve, one way or another,... more
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Raiffeisen Bank Announces Upbeat Expectations About Lending Market In Next One And A Half Years 07.02.2019
The lending market looks very good at present and it is expected to stay like this in the next one and a half years, Felix Daniliuc, executive... more
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Bogdan Neacsu: CEC Bank Granted RON3B Loans Since Start Of 2019; Eyes Top 5 Spot Among Largest Banks In Romania 07.02.2019
CEC Bank, one of the two banks held by the Romanian state, has granted loans worth approximately RON3 billion so far in 2019 and aims to be ranked... more
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MasterCard Official: Romania Ranks 5th in Europe by Contactless Payments 07.02.2019
Romania is fifth in Europe and tenth worldwide by the number of contactless card payments, said Ana Maria Pochi, account manager MasterCard... more
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Consumer Loan Reference Index Grows To 2.63%, From 2.36% In Early May 2019 07.01.2019
The new reference index for consumer loans (IRCC), which is regulated by government emergency decree no. 19/2019, has reached 2.63%, higher than... more
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Romania Raises RON500M Selling 10-Year Bonds at 4.63% Average Yield 07.01.2019
Romania's finance ministry on Monday sold a planned 500 million lei (EUR105.6 million) selling bonds maturing in February 2029 at an average yield... more
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Romania Forex Reserves Fall to EUR32.569B in June 07.01.2019
Romania's foreign exchange reserves fell to EUR32.569 billion at the end of June, from EUR32.84 billion at the end of May, central bank data showed... more
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Antitrust Body Looks into Euroins Insurance Group Takeover of Ergo Asigurari 06.27.2019
Romania's antitrust body said Thursday it was looking into the acquisition of insurance companies Ergo Asigurari de Viata SA and Ergo by Euroins... more
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Romania Private Lending Grows 0.4% in May 06.27.2019
Private lending in Romania grew a slight 0.4% (-0.1% in real terms) in May compared with April, to RON257.539 billion, central bank data showed... more
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NN Asigurari Boosts Share Capital By RON6.5M To Over RON120M 06.27.2019
NN Asigurari, the largest life insurance company on Romanian market, part of Dutch NN Group, has increased its share capital by RON6.5 million, to... more
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Alpha Bank Romania Covered Bonds Start Trading on Bucharest Stock Exchange Wednesday 06.26.2019
Alpha Bank Romania listed its first covered bond issue on the Bucharest Stock Exchnage Wednesday. more
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Gothaer: Traveling Insurance Covering Winter Sports Drove Growth in Claims in 2018 06.25.2019
Romanians mostly travel in Europe and Turkey and prefer to be fully covered and 90% of insurer Gothaer's travel policies in 2018 were for Europe... more
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Deutsche Bank’s Romanian Software Center 2018 Turnover Up 17% To RON261M, Profit Down 18% To RON19.5M 06.25.2019
Deutsche Bank’s software center in Romania, which was established in 2013, reported a turnover of RON260.9 million (EUR56.1 million) in 2018, up... more
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Romania’s Most Profitable Banks Account for 95% of Banking System Profit 06.25.2019
BRD, Banca Transilvania and BCR are the top profit makers among banks in Romania in 2018. The ten most profitable banks also include two that are... more
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Romania Raises RON500M Selling Sept 2023 Bonds at 4.02% Average Yield 06.24.2019
Romania's finance ministry on Monday raised a planned 500 million lei (EUR105.8 million) selling a new issue of treasury bonds maturing in... more
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Antitrust Body Clears Leumi Bank Romania Acquisition By First Bank 06.24.2019
Romania's antitrust body said Monday it approved the transaction whereby First Bank took over Leumi Bank Romania, by acquiring 99.9235% of the... more
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Eximbank’s Acquisition of Banca Romaneasca Put at EUR310M 06.24.2019
The acquisition of 99.28% in Banca Romaneasca by Eximbank from National Bank of Greece announced on Thursday night is an about EUR310 million deal,... more
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Raiffeisen Bank Romania Names George Mucibabici Jr to Head Invetsment Banking Division 06.21.2019
Raiffeisen Bank Romania on Friday announced it has appointed George Mucibabici Jr as head of its Investment Banking division, replacing Mirela... 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.
