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.
-
Romania Extends 9-Month Loan Repayment Moratorium 01.13.2021
Romania's finance ministry has drafted an emergency decree extending a nine-month moratorium on bank loan repayments for debtors affected by the... more
-
Valentin Tataru Appointed Chief-Economist at ING Bank Romania 01.13.2021
Valentin Tataru has been appointed chief-economist of ING Bank Romania, the bank announced Wednesday. more
-
Gothaer Adds Household Goods Insurance to Its Travel Insurance 01.13.2021
Gothaer Adds Household Goods Insurance to Its Travel InsuranceGothaer Asigurari Reasigurari, the local subsidiary of the German insurance group... more
-
Romanian Forex Market Ends 2020 with Average Daily Transactions of EUR1.47B 01.13.2021
The foreign exchange market in Romania was animated in 2020 and registered an average daily transaction volume of EUR1.47 billion, 10.2% lower than... more
-
BT Analyst: Household Saving Rate At Record High In 2020, Averaging 16.9% In Jan-Sept Under Pandemic Impact 01.12.2021
The household saving rate reached on average 16.9% (a record high) between January and September 2020, higher by 2.3 percentage points compared... more
-
Pillar II Pension Funds Reach RON75B in Net Assets in 2020 01.12.2021
The assets managed by the seven private pension funds operating on Romania's mandatory segment (Pillar II) reached RON75.14 billion at the end of... more
-
Romania Raises RON681M Selling Jan 2028 Bonds at 2.74% Average Yield 01.11.2021
Romania's finance ministry on Monday raised 681 million lei (EUR139.8 million), versus its RON600 million target, selling bonds maturing in January... more
-
Three-Month Money Market Rate Keeps Going Down, Ends First Week Of 2021 At 1.79% 01.08.2021
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 Group Raises Holding in OMV Petrom to 5.03% 01.07.2021
NN Group and the pension funds it manages have raised their holding in oil and gas company OMV Petrom (SNP.RO) to 5.03%, Petrom said in a stock... more
-
Romania Raises RON800M Selling Oct 2030 Bonds at 2.97% Average Yield 01.07.2021
Romania's fiance ministry on Thursday raised RON800 million lei (EUR164.2 million), versus a RON500 million target, selling bonds maturing in... more
-
Romania Raises RON400M Selling One-Year Bills At 2.14% Average Yield 01.07.2021
Romania's fiance ministry on Thursday raised a planned 400 million lei (EUR82.1 million) selling one-year treasury bills at an average yield of... more
-
UniCredit Group Advised Credit Agricole On Sale Of Its Romanian Operations To Vista Bank 01.07.2021
UniCredit, Group, through the CEE Corporate Finance Advisory team, has advised Credit Agricole, the world’s ten largest bank by assets, on the... more
-
Three-Month Money Market Rate Keeps Downward Trend, Reaches 1.80% 01.07.2021
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted... more
-
Sergiu Oprescu Appointed President Of Holding That Manages International Chain Of Alpha Bank Group In Greece 01.07.2021
Sergiu Oprescu, executive president of Alpha Bank Romania, was appointed president of the holding that manages the international network of banks... more
-
Mortgage Loans in Lei Reach New High in November 2020 01.06.2021
Romanians took out more than 1.47 billion lei in new mortgage loans in lei in November, the highest level in the past year, with only October 2019... more
-
Three-Month Money Market Rate Drops For Second Consecutive Day, To 1.85% 01.06.2021
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted... more
-
Three-Month Money Market Rate Drops Below 2%, To 1.91% On January 5 01.05.2021
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted... more
-
Credit Agricole Sells Romanian Operations to Vista Bank 01.05.2021
France’s Credit Agricole group has sold its Romanian operations, Credit Agricole Romania, a small bank, which it has been trying to sell for a... more
-
Romania Raises RON1B Selling Nov 2024 Bonds at 2.6% Average Yield 01.04.2021
Romania's finance ministry on Monday raised 1 billion lei (EUR205.37 million), versus its RON700 million target, selling bonds maturing in November... more
-
Romania Banking System Posts Some RON4.5B Net Profit In Jan-Sept 2020, Down Over 10% Vs 2019 12.31.2020
Romania’s banking system, 34 lenders in all, registered a net profit of nearly RON4.5 billion in January-September 2020, down over 10% compared... 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.
