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.
-
Finance Ministry Raises RON990M From Banks On Oct 21
yesterday, 16:00
Romania's Finance Ministry raised RON990 million from banks on Monday (Oct 21, 2024) selling benchmark bonds, above the planned amount of RON500... more
-
Romania Banks Granted RON114B Worth of Loans to Households and Companies in Jan-Aug 2024, Up 28%
yesterday, 11:35
Banks in Romania granted households and companies loans totally worth almost RON114 billion in January-August period, 28% more than in the same... more
-
KPMG Assisted Token Payment Services In Getting Greenlight From Romania's Central Bank As Payment Institution
10.18.2024
An integrated team of lawyers and advisors from law firm KPMG Legal – Toncescu si Asociaţii and KPMG Advisory, acted as consultant in the... more
-
Finance Ministry Raises RON511M From Banks On Oct 17, 2024
10.17.2024
Romania's Finance Ministry raised RON511.3 million from banks on Thursday (Oct 17, 2024) selling benchmark bonds, above the planned amount of... more
-
Romania Banking System is More Profitable, Solvent and with Higher Liquidity Than EU Average
10.17.2024
The Romanian banking system is undergoing a favorable period from the perspective of the main financial and prudential indicators, as it continues... more
-
Banca Transilvania’s Acquisition Of OTP Asset Management Completed
10.15.2024
The acquisition by Banca Transilvania (TLV.RO), the largest lender in Romania, of OTP Asset management, part of the OTP Bank Romania acquisition,... more
-
Bittnet Signs Loan Agreement With ING
10.15.2024
Technology group Bittnet (BNET.RO) has notified the Bucharest Stock Exchange that one of its companies, Dendrio Solutions, signed a loan agreement... more
-
UniCredit: Romania Got Only EUR200M In NRRP Funds In 2024
10.15.2024
Romania got EUR9.4 billion in NRRP funds between 2021 and the third quarter of 2024 or 33% of its allotment via this EU program. Estimates for 2024... more
-
ING Bank: Romania Could Be Among Top Ten Economies In EU In 10 Years
10.15.2024
Romania’s economy could double in the next ten years, so the GDP would reach EUR700 billion, with an average growth rate of 3% to 3.5% a year and... more
-
Prebet Aiud Gets Loan Facilities From BRD
10.14.2024
Prebet Aiud (PREB.RO), a precast reinforced and prestressed concrete producer, on Monday evening announced the conclusion of a contract for RON63... more
-
Finance Ministry Raises RON604M From Banks On Oct 14, 2024
10.14.2024
Romania's Finance Ministry raised RON604 million from banks on Monday (Oct 14, 2024) selling benchmark bonds, below the planned amount of RON700... more
-
Romania's Central Bank Authorizes TOKEN Payment Services As Online Payment Institution
10.14.2024
Token Payment Services (TOKEN) was authorized by Romania's central bank to accept online payment operations and transactions at physical POS (point... more
-
Reff & Asociatii and Deloitte Romania Assisted BLIK Romania in Authorization of BLIK Instant Payment System by BNR
10.14.2024
Reff & Asociatii and Deloitte Romania assisted BLIK Romania, the local company set up by Polish provider of payment solutions Polski Standard... more
-
Law Firm Filip & Company Assisted Finance Ministry in First Issue of Samurai Green Bonds on Japan Capital Market Totally Worth 33 Billion Yen
10.14.2024
Law firm Filip & Company assisted Romania Finance Ministry, together with law firm Anderson Mori & Tomotsune, in its first issue of Samurai green... more
-
CFA Romania Analysts Project 7.3% Budgetary Gap and 1.7% Economic Growth in 2024
10.14.2024
The macroeconomic confidence index of CFA Romania Association shed 6.7 points in September, to 40.1 points, amid the 7.3-point decline of the... more
-
Romania's Central Bank Has New Board Of Directors As Of October 11
10.11.2024
Romania's central bank has a new Board of Directors, for a five-year term, led by Chairman and Governor Mugur Isarescu, starting October 11, 2024. more
-
tbi bank, Also Present In Romania, Upwardly Revises Its Net Profit For H1/2024 To EUR24.4M
10.10.2024
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, announces an upward... more
-
Intesa Sanpaolo Bank Romania Appoints Alessio Cioni As General Manager And Chief Executive Officer
10.09.2024
Intesa Sanpaolo Bank, the Romanian subsidiary of the Intesa Sanpaolo Group, Italy's largest banking group, has appointed Alessio Cioni as General... more
-
tbi bank, With Operations In Romania Too, Opens Its Own Technology Hub In Türkiye
10.08.2024
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, is opening its own... more
-
Finance Ministry Raises RON500M From Banks On Oct 7, 2024
10.07.2024
Romania's Finance Ministry raised RON500 million from banks on Monday (Oct 7, 2024) selling benchmark bonds, in line with the planned amount, at an... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.