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.
-
CEC Bank Launches Personal Loan With Fixed Interest Rate Of 10.4%/Year 01.28.2021
Romanian state-owned lender CEC Bank is launching a personal loan with a fixed interest rate of 10.40% per year, which can be contracted... more
-
Deloitte: Banking Sector Consolidation in CEE Expected to Increase 01.28.2021
Romania was one of the busiest markets in Central and Eastern Europe in terms of banking sector mergers and acquisitions, with three transactions... more
-
Government Adopts Extension of 9-Month Loan Repayment Moratorium 01.28.2021
Romania's government late Wednesday approved the norms extending a nine-month moratorium on bank loan repayments for debtors affected by the... more
-
Consumers and Companies Saved More Than They Borrowed in 2020 01.28.2021
The loan volume was lower than the savings consumers and companies kept in banks in 2020, as the loan growth rate slowed down, and the speed of... more
-
Romania Private Lending Grows 0.5% on Month in December 01.27.2021
Private lending in Romania grew 0.5% in nominal terms and 0.1% in real terms in December compared with November, to RON282.37 billion, central bank... more
-
Central Bank: Scandal On Electricity Market Is A Process With Significant Uncertainty That May Impact Inflation 01.26.2021
Romania’s central bank warns, in the minutes of its latest monetary policy meeting, that the annual inflation will probably inch up in the first... more
-
Financial Watchdog Fines City Insurance Board Members 01.26.2021
Romania's financial supervisory authority has fined members of the management and supervisory boards of City Insurance, the biggest insurance... more
-
Romania Raises RON508.8M Selling October 2034 Bonds At 3.27% Average Yield 01.25.2021
Romania's finance ministry on Monday raised 508.8 million lei (EUR104.2 million), slightly above the RON500 million level planned, selling bonds... more
-
Three-Month Money Market Rate Drops To Lowest Level Since Sept 2017, Of 1.58% 01.25.2021
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted... more
-
Pillar II Pension Funds Generate 6.2% Average Yield in 2020 01.25.2021
Pillar II private pension funds generated an average yield of 6.2% in 2020, triple compared with the 2.06% inflation rate, despite the effects of... more
-
Three-Month Money Market Rate Inches Up To 1.60% After Stagnating At 1.59% In Last Four Days 01.22.2021
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted... more
-
Survey: Two In Three Romanians Use Different Kinds Of Banking Products And Services 01.22.2021
Two in three Romanians (67%) use different kinds of banking products and services, such as current accounts, cards, loans, deposits and make... more
-
Romania Raises RON1.5B Selling June 2026 Bonds at 2.38% Average Yield 01.21.2021
Romania's finance ministry on Thursday raised 1.5 billion lei (EUR307.7 million) selling bonds maturing in June 2026 at an average yield of 2.38%,... more
-
UniCredit Bank Sees Romania's GDP Growing 3.7% in 2021 01.20.2021
Romania's economy is expected to recover to pre-pandemic levels around mid-2022, with 3.7% economic growth in 2021 and 5% growth in 2022 after an... more
-
Financial Watchdog Seeks To Apply Unitary Approach For Stock Market, Insurance, Private Pension Sectors 01.20.2021
Romania’s Financial Supervisory Authority (ASF) plans to implement a unitary approach for the management of the stock market, insurance and... more
-
Allianz Risk Barometer: Covid-19 Trio Tops Global Business Risks 01.19.2021
Business interruption, pandemic outbreak and cyber incidents are the top three business risks globally for 2021, all strongly interlinked,... more
-
Romania Raises RON801.7M Selling Sept 2031 Bonds at 3.09% Average Yield 01.18.2021
Romania's finance ministry on Monday raised 801.7 million lei (EUR164.5 million), versus its RON500 million target, selling bonds maturing in... more
-
Three-Month Money Market Rate Plunges To 1.59% After Central Bank Cuts Key Rate To Record Low Of 1.25% 01.18.2021
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted... more
-
NN Pensii Invested in eMag Owner Prosus, Payment Processor, Pharmaceutical Company in Q3, 2020 01.14.2021
NN Pensii, the largest Pillar II pension fund in Romania, bought into Prosus, which owns eMAG, the largest online retailer in Romania, with 127... more
-
UK Entities Providing Banking, Payment Services In Romania Need Romania Central Bank's Authorization To Continue Local Activity 01.13.2021
The activity of entities from the United Kingdom, including those authorized in Gibraltar, which notified the provision of banking, payment and... more
FAN Courier, the leading courier services company in Romania, expects to end the year with a turnover of EUR205 million – close to
more
Swedish real estate developer Skanska has sold office buildings Campus 6.2 and Campus 6.3 in Bucharest to Austrian developer S Immo,
more
SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software
more
TeraPlast, the parent-company of TeraPlast Group, announced Friday the sale of its window profiles business to Dynamic Selling Group, a
more
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
more
Romania plans to invest over EUR22 billion in its energy sector in the next ten years, according to the country's draft energy strategy
more
Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the
more
The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million)
more
DCS Plus, Druid and Tremend are the Romanian companies recognized in the Deloitte 2020 Central Europe Technology Fast 50 program in the
more
Pet food and other care product sales will increase by 13% to almost 3 billion lei this year, data provided by market research company
moreAnalysis
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.
