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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EBRD Delegation Visits Romania for Talks to Scale Up Investment 03.18.2019
A high level EBRD delegation led by Jurgen Rigterink, First Vice President, and Alain Pilloux, Vice President, Banking, arrived in Bucharest Monday... more
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Romania Raises RON274M Selling Feb 2029 Bonds at 4.76% Average Yield 03.18.2019
Romania's finance ministry on Monday raised an above-plan 274 million lei (EUR57.65 million) selling treasury bonds maturing in February 2029 at an... more
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BRD Shareholders To Discuss Distribution Of RON1.64 Gross Dividend, At 13% Yield 03.14.2019
Shareholders of BRD - Societe Generale, the third largest bank in Romania by assets, will discuss, at their general assembly of April 12, the... more
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ING To Keep Investing And Growing In Romania Despite Bank Tax 03.14.2019
ING Bank, the sixth largest bank in Romania by assets, will continue to invest and grow in Romania despite the government’s introducing a tax on... more
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Gothaer Unveils New Plan For Romania: New Business Model And Three-Year Business Plan 03.14.2019
Gothaer is currently developing a new business model and a business plan for three years for the Romanian market. more
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ING Bank Romania 2018 Net Profit Up 39% YOY To RON685M 03.14.2019
ING Bank on Thursday said it registered a net profit of RON685 million in Romania, in 2018, up 39% year-on-year, and a profit before tax (PBT) of... more
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Raiffeisen Bank Posts 80% Growth in Net Profit in 2018, to RON881M 03.13.2019
Raiffeisen Bank Romania on Wednesday reported a net profit of RON881 million for 2018, up 79% on the year, as lending grew 19%, to RON26.7 billion. more
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Romania's Finance Ministry Amends Bank Tax This Week 03.13.2019
Romania's finance ministry will finish this week a draft of changes to the emergency decree 114/2018 that introduced a tax on bank assets and... more
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Bank Tax Prompts Raiffeisen Bank International To Reevaluate Romanian Operations 03.13.2019
Raiffeisen Bank International will reevaluate its operations in Romania following the government's introduction of a tax on banks' financial assets... more
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Romanians May Stop Contributing to Mandatory Private Pensions after 5 Years 03.13.2019
Romanians who contributed for at least five years to the mandatory private pension system known as Pillar II may choose to stop contributing,... more
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UniCredit Bank: Annual Inflation Rate May Have Grown To 3.5% In Feb After Stagnating At 3.3% In Jan 03.11.2019
Romania's annual inflation rate may have grown to 3.5% in February, from 3.3% in January, and is likely to fluctuate within a range of 3 to 3.6%... more
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Romania Raises RON357M Selling Apr 2026 Bonds at 4.46% Average Yield 03.11.2019
Romania's finance ministry on Monday raised 357 million lei (EUR75 million), above its RON300 million plan, selling treasury bonds maturing in... more
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Central Bank Study Shows Bank Tax Could Wipe Out 1.71 Points of GDP Growth in 2019-2020 03.08.2019
Romania's tax on banks' financial assets could wipe out a total of 1.2 to 1.71 points of the country's economic growth in 2019 and 2020, according... more
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Romania Raises RON635M Selling June 2023 Bonds at 4.08% Average Yield 03.07.2019
Romania's finance ministry on Thursday raised an above-plan 635 million lei (EUR133.8 million) selling treasury bonds maturing in June 2023 at an... more
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Moody's Upgrades Alpha Bank Romania Deposit Ratings; Outlook Changed To Stable 03.07.2019
Moody's Investors Service (Moody's) on Thursday upgraded the long-term local and foreign currency deposit ratings of Alpha Bank Romania S.A. (ABR)... more
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CEC Bank Official: Adjustment of Interest Spread to Boost Financial Intermediation 03.07.2019
A middle ground must be found when it comes to the interest spreads of the banks on the local market, so as to pursue not only profit but also an... more
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EIB Lends EUR12M To Alba County For Extension, Modernization Of Water Supply And Sanitation Services 03.06.2019
The European Investment Bank (EIB) is lending EUR12 million to the Alba County Regional Water Company to finance, in conjunction with Cohesion... more
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Florin Sandor Leaves Intesa Sanpaolo Bank 03.05.2019
Intesa Sanpaolo Bank, the Romanian division of Italy’s Intesa Sanpaolo Group, announced the termination of the mandate of over four years of... more
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First Bank To Invest EUR7.5M in Technology 03.04.2019
First Bank plans to speed up its digitization process and is investing EUR7.5 million in technology, it said in a statement Monday. more
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TMK Hires Raiffeisen to Broker Potential SPO on Bucharest Market 03.04.2019
TMK, owner of industrial pipe manufacturer TMK Slatina (ART.RO), has hired Raiffeisen in view of brokering a stock sale operation on the Bucharest... 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.
