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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Bank of China Set to Arrive in Romania 08.15.2019
Bank of China, one of the largest banks in the world, held by the Chinese government, is opening an office in Romania, having started a personnel... more
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Banca Transilvania 1H Net Profit Grows 28%, to RON848M 08.14.2019
Romanian lender Banca Transilvania, the largest bank on the local market, reported a net profit of RON848 million in the first half of the year,... more
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BCR To Become Biggest Tenant in Business Garden Bucharest 08.13.2019
Lender BCR will become the biggest tenant of the Vastind's Business Garden Bucharest office compound in the Grozavesti area, after renting 14,000... more
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ING Bank Romania Net Profit Up 12% in 1H, to RON385M 08.12.2019
Lender ING Bank Romania on Monday said its net profit grew 12% in the first half of the year, to RON385 million, while revenues grew 15%, to... more
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Romania Raises RON200M Selling One-Year Bills at 3.02% Average Yield 08.08.2019
Romania's finance ministry on Thursday raised a planned 200 million lei (EUR42.27 million) selling one-year maturity treasury bills at an average... more
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Romania Raises RON400M Selling Sept 2031 Bonds at 4.27% Average Yield 08.08.2019
Romania's finance ministry on Thursday raised a planned 400 million lei (EUR84.5 million) selling treasury bonds maturing in September 2031 at an... more
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Raiffeisen Bank Posts RON348M Profit in 1H/2019, Down 9% Due to Provisions 08.08.2019
Lender Raiffeisen Bank on Thursday reported a net profit of RON384 million for the first half of the year, down 9% from RON423 million in the same... more
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eJobs: Romanian Bank Employees Get Second Lowest Pay in CEE 08.07.2019
Bank employees in Romania are the second-lowest paid in the region, with an average EUR718 a month, topping just Bulgarian banking sector... more
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BRD Sogelease Financing Grows 31% in 1H, to RON338.2M 08.07.2019
BRD Sogelease, the leasing division of Romanian lender BRD - Groupe Societe Generale, granted new financing of RON338.2 million in the first half... more
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Romania Raises RON600M Selling June 2024 Bonds at 3.89% Average Yield 08.05.2019
Romania's finance ministry on Monday raised a planned 600 million lei (EUR126.7 million) selling treasury bonds maturing in June 2024 at an average... more
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Romanian Central Bank Holds Key Rate at 2.5% a Year 08.05.2019
Romania's central bank on Monday kept its benchmark interest rate on hold at 2.5% a year, in line with analysts' expectations. more
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Romania Forex Reserves Grow to EUR35.473B in July 08.01.2019
Romania's foreign exchange reserves grew to EUR35.473 billion at the end of July, from EUR32.569 billion at the end of June, central bank data... more
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BRD Group Posts RON787M Net Profit in 1H 08.01.2019
BRD Groupe Societe Generale on Thursday said it recorded a net profit of RON787 million in the first half of 2019, compared with RON757 million in... more
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Andreas Treichl Says Romania Not Ready For Introduction Of Euro 07.31.2019
Romania is not ready for the introduction of the euro and Bucharest authorities ought to consider this carefully, Andreas Treichl, CEO of Erste... more
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Erste CEO: Romanian Banking System Works Very Well, Boasts Very Good Banks 07.31.2019
The Romanian banking system is doing very well, boasting very good banks, Andreas Treichl, CEO of Erste Group, which owns Romanian lender Banca... more
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Garanti Romania Group Posts RON98M Consolidated Net Profit In 1H/2019 07.31.2019
Financial group Garanti Romania, which includes Garanti Bank, Garanti Leasing, and consumer lending company Garanti Credite de Consum, reported a... more
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Lender BCR Posts RON20.8M Loss in 1H 07.31.2019
Romanian lender Banca Comerciala Romana (BCR), owned by Austria's Erste Group, said Wednesday it registered a net loss of RON20.8 million (EUR4.4... more
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BCR Group Posts EUR24M Net Loss in 1H on Court-Ordered Provision 07.31.2019
BCR Group registered an operating income of EUR332 million in the first half of the year, up 7.5%, but the net profit attributable to the majority... more
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Allianz Services, Allianz Partners Lease 9,000 Sqm Of Office Space Within Globalworth Campus In Bucharest 07.29.2019
Allianz Services and Allianz Partners, divisions of Germany’s Allianz Group in Romania, have leased 9,200 square meters of office space within... more
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Badea, ASF: Assets Managed By Private Pension Funds Grow 7.28% in 1Q 07.29.2019
Total assets under management by private pension funds in Romania reached RON53.21 billion (EUR11.17 billion) at the end of the first quarter,... 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.
