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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Romanian Government to Adopt Changes to Tax Decree Friday 03.29.2019
Romania's government on Friday is set to adopt an emergency decree amending controversial legislation passed in December 2018 taxing the banking,... more
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Intesa Sanpaolo Bank Appoints Gabriela Simion As Deputy GM And Chief Of Retail Division 03.28.2019
Intesa Sanpaolo Bank, the Romanian subsidiary of Italy’s Intesa Sanpaolo Group, has appointed Gabriela Simion as Deputy General Manager and Head... more
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Romania Attracts Nearly EUR230M EU Funds For Small Businesses During 2011-2018 Period 03.28.2019
Romania attracted nearly EUR230 million, between 2011 and 2018, through European Union financing programs for micro-enterprises and farmers and the... more
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Romania Raises EUR3B Selling 7, 15 and 30-Year Maturity Euro-Denominated Bonds 03.28.2019
Romania's finance ministry on Wednesday tapped external markets and raised a total EUR3 billion selling euro-denominated bonds with 7, 15 and... more
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Romania Taps External Markets with 7, 15 and 30-Year Maturity Eurobond Issues 03.27.2019
Romania's finance ministry on Wednesday tapped external markets selling euro-denominated bonds with 7, 15 and 30-year maturities. more
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Romania To Postpone Capital Hike Requirements for Private Pension Funds until May 31 03.27.2019
Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private pension... more
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Romania Private Lending Declines 0.1% on Month in February 03.26.2019
Private lending in Romania declined 0.1% (-0.9% in real terms) in February compared with January, to RON251.94 billion, central bank data showed... more
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Romania Raises RON214M Selling Sept 2031 Bonds at 5.15% Average Yield 03.25.2019
Romania's finance ministry on Monday raised 214 million lei (EUR45 million) selling treasury bonds maturing in September 2031 at an average yield... more
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BCR Wants to Distribute RON485M as Dividends 03.25.2019
Romanian lender BCR, 99.87% owned by Austria's Erste, proposes to distribute half its 2018 net profit, or RON485 million, as dividends. more
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City Insurance and Euroins Account for 60% of Romania’s Auto Liability Insurance Market 03.25.2019
The ranking of the companies selling mandatory auto liability insurance policies (RCA) has undergone significant changes in the past decade, with... more
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Finance Minister: Bank Tax Amendments To Be Published on Friday 03.22.2019
Romanian Finance Minister Eugen Teodorovici announced on Friday that the amended version of the controversial 2018 bank tax decree would be... more
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Romania Raises RON400M Selling One-Year Treasury Bills at 3.01% Average Yield 03.21.2019
Romania's finance ministry on Thursday raised a planned 400 million lei (EUR84.1 million) selling one-year maturity treasury bills at an average... more
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Vienna Insurance Group Posts EUR74M Loss In Romania In 2018 03.21.2019
Austria's Vienna Insurance Group (VIG) on Thursday said it registered underwritten gross premiums of EUR515 million in Romania in 2018, up 1.7%... more
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EBRD Grants New Loan Of EUR5M To Agricover Credit IFN 03.21.2019
The European Bank for Reconstruction and Development (EBRD) is providing the Romanian lei equivalent of EUR5 million to Agricover Credit IFN, a... more
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Banca Transilvania Plans to Give RON818M in Dividends, Raise Share Capital 03.20.2019
Romanian lender Banca Transilvania (TLV.RO) seeks shareholders' approval to distribute gross dividends of RON818 million, or RON0.17 per share, the... more
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Romanian Insurance Market Topped RON10B in 2018 03.20.2019
Romania’s insurance market grew 4.5% year-on-year in 2018, to over RON10 billion in underwritten premiums, Financial Supervisory Authority (ASF)... more
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Government May Amend Bank Tax Next Week 03.20.2019
Romania's government may amend the bank tax in its meeting next week, finance minister Eugen Teodorovici said after a meeting with representatives... more
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Mercer Marsh Benefits Sees Romania’s GDP Growth At 3.4% In 2019 03.20.2019
Mercer Marsh Benefits, part of Marsh Romania, the largest insurance broker in Romania on the corporate segment, expects Romania’s economy to grow... more
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Agricover Credit Net Profit Grows 49% in 2018, to RON33M 03.19.2019
Agricover Credit IFN, the financing arm of Agricover group, controlled by Iranian businessman Jabbar Kanani ad EBRD, ended 2018 with a net profit... more
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Central Bank Paid EUR1B in Taxes Over Past Decade 03.18.2019
Romania's central bank has paid the equivalent of EUR1 billion in the past ten years to the Romanian state as tax on profit, governor Mugur... 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.
