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.
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Romania Raises RON296M Selling Bonds At 7.99% Yield 05.23.2022
Romania's finance ministry raised RON296 million on Monday (May 23), selling bonds maturing in 2026, at an annual average yield of 7.99%. more
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Romania's Central Bank Sets Up Payments Committee 05.23.2022
The Board of Directors of Romania’s central bank has established a Payments Committee. more
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Three-Month ROBOR Starts May 23-27 Week At 5.79% A Year 05.23.2022
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Omniasig Hits Over RON500M Underwritten Premium Volume in 1Q/2022, Up 40% from Year-Earlier Period 05.23.2022
Omniasig, the biggest company part of Austria’s Vienna Insurance Group (VIG), in the first three months of 2022 posted a gross underwritten... more
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CEC Bank Posts RON54.2M Net Profit in Q1 05.20.2022
CEC Bank posted RON54.2 million net profit in the first quarter of 2022, as well as RON50.4 billion assets, an increase of 19% on the year-ago... more
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Three-Month ROBOR Ends May 16-20 Week at 5.71% A Year 05.20.2022
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Romania Raises RON881M Selling Bonds At 8.12% Yield 05.19.2022
Romania's finance ministry raised RON881 million on Thursday (May 19), above the planned level of RON300 million, selling bonds maturing in 2029,... more
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URBB Takes Out Over EUR20M Loan From ING Bank Romania 05.19.2022
United Romanian Breweries Bereprod (URBB), a brewer whose portfolio includes brands such as Tuborg, Carlsberg and SKOL, has contracted a loan of... more
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Three-Month ROBOR Climbs To 5.62% A Year On May 19 05.19.2022
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Romania Gets EUR368M Loan From EIB To Build Regional Hospital In Craiova 05.18.2022
Healthcare for 1.9 million people living in south-western Romania will be transformed following construction of a new regional hospital in Craiova... more
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Three-Month ROBOR Spikes To 5.57% A Year On May 18 05.18.2022
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Vienna Insurance Group Ends 1Q/2021 With EUR124M Profit Before Tax And EUR3.45B Underwritings 05.17.2022
Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, on Tuesday said it ended the first... more
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EY: Number Of Eurozone Businesses And Households Unable To Repay Their Bank Loans Set To Rise 05.17.2022
The number of eurozone businesses and households unable to make repayments on their bank loans is set to rise, according to the first EY European... more
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Patria Bank Reports 1Q/2022 Net Banking Income of RON41.5M, Flat from 1Q/2021, and RON882,000 Net Profit 05.17.2022
Patria Bank in 1Q/2022 reported net banking income of RON41.5 million, flat from the year-ago period, determined by the evolution of revenues from... more
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EIB And Transgaz Sign Agreement To Develop Decarbonization Strategy For Romania’s Gas Network 05.16.2022
The European Investment Bank (EIB) and Romania’s natural gas transmission company Transgaz (TGN.RO) have signed an agreement for the provision of... more
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Nuclearelectrica Places RON60M Term Deposit With Banca Romaneasca 05.12.2022
Nuclearelectrica (SNN.OR), Romania’s sole nuclear energy producer, informed its shareholders on Thursday (May 12) that it placed with Banca... more
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Allianz Group’s Total Revenue Up 6.2% To EUR44B; Operating Profit Down Nearly 3% To EUR3.2B In 1Q/2022 05.12.2022
Allianz Group, present on the Romanian market through insurance company Allianz-Tiriac, on Thursday said it ended the first three months of 2022... more
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Romania Central Bank Revises Up Its Annual Inflation Forecast To 12.5% For End-2022 05.12.2022
Romania’s central bank has revised upwards its annual inflation rate forecast to 12.5% for the end of 2022 and to 6.7% for the end of 2023, the... more
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Three-Month ROBOR Keeps Upward Trend, Climbs To 5.44% A Year On May 12 05.12.2022
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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First Bank Reports RON57M Net Profit For 2021 05.11.2022
First Bank (the former Piraeus Bank), held by American private equity investment firm J.C. Flowers, on Wednesday said it recorded a net profit of... more
Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last
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The Romanian equity of Germany’s group Metro is valued at EUR225 million, in line with data presented in a company report.
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One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has
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House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe,
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Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging
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Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system
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CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
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Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
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Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
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What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?