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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Giovanni Luca Soma Leaves Position Of BRD-SocGen’s Chairman Of Board Of Directors
today, 09:00
Giovanni Luca Soma, the chairman of the Board of Directors of BRD-SocGen (BRD.RO), the third largest bank in Romania, has decided to withdraw from... more
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IMF Praises Romania Economic Growth Efforts In 2023; Recommends Tightening Fiscal Policy Further yesterday, 22:38
After praising Romania’s efforts for economic growth in 2023 and fiscal attempts to reduce the budget deficit, the International Monetary Fund... more
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Safety Broker Set To Expand On Romanian Market Through Acquisition Of Globasig Broker 12.07.2023
Safety Broker, the largest insurance broker on the Romanian market, plans to expand locally with the acquisition of Globasig Broker. more
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Finance Ministry Raises Nearly RON2B From Banks Via Two Bond Issues On December 7 12.07.2023
Romania's Finance Ministry raised some RON2 billion from banks on Thursday (November 7), selling government paper in two auctions, at annual... more
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BCR Raises RON1B From Bucharest Stock Exchange Investors Via Bond Issue Due In 2029 12.07.2023
Banca Comerciala Romana has raised RON1 billion from the investors on the Bucharest Stock Exchange via a bond issue due in 2029. more
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Nuclearelectrica Makes CAD50M Term Deposit With CEC Bank At 4.4% Annual Interest 12.06.2023
State-run nuclear power producer Nuclearelectrica (SNN.RO) made a term deposit of 50 million Canadian dollars (equivalent of RON169.5 million) with... more
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Finance Ministry Raises RON1.3B From Banks On December 4 12.04.2023
Romania's Finance Ministry raised RON1.3 billion from banks on Monday (December 4) selling bonds with a nominal value of RON500 million due in... more
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Romania Forex Reserves Grow To EUR58.89B In November 2023 12.04.2023
Romania's foreign exchange reserves stood at EUR58.89 billion at the end of November 2023, higher by EUR700 million than EUR58.18 billion at the... more
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Banca Transilvania Raises EUR500M Via MREL Bonds From International Market 11.29.2023
Banca Transilvania (TLV.RO) financial group has again tapped international markets, raising EUR500 million via MREL (minimum requirement for own... more
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Nuclearelectrica Makes RON250M Deposit With CEC Bank At 4.4% Interest 11.28.2023
State-run nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report on Nov 28 that it made a deposit of RON250 million (CAD75... more
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IFC Lends Up To EUR50M To UniCredit Leasing 11.28.2023
International Finance Corporation (IFC), part of World Bank, is granting an up to EUR50 million loan to UniCredit Leasing Corporation (UCLC), a... more
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EIB: Most Romanians Willing to Pay Higher Income Tax To Help Lower-Income Households Cope with Green Transition Costs 11.28.2023
Most Romanians say they would be willing to pay more income tax to aid lower-income households cope with the costs of green transition, with the... more
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Impact Developer & Contractor Takes Out EUR3.5M Loan From Garanti Bank For Working Capital Needs 11.27.2023
Real estate developer Impact Developer & Contractor (IMP.RO) announced in a stock market report on Monday (Nov 27) that it had concluded an... more
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Banca Transilvania Gets Investment Grade Credit Rating From Moody’s
11.27.2023
Banca Transilvania (TLV.RO), the largest lender in Romania, got the “investment grade” rating from Moody’s, the bank said in a press release. more
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Finance Ministry Raises Nearly RON400M From Banks On November 27 11.27.2023
Romania's Finance Ministry raised RON399.4 million from banks on Monday (November 27), below the planned level of RON600 million, selling bonds due... more
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World Bank: Climate Change Mitigation Actions In Romania To Involve Consumer Price Hikes And Tax Increases 11.27.2023
Climate change mitigation efforts in Romania will require public support as they entail increases in consumer prices and/or taxes, as per a World... more
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UniCredit Bank Issues RON480M Senior Unsecured Corporate Bonds 11.24.2023
UniCredit Bank has successfully concluded a new issuance of senior unsecured corporate bonds in RON, carried out during the 21 – 24 November 2023... more
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Finance Ministry Raises RON409M From Banks On November 23 11.23.2023
Romania's Finance Ministry raised RON409 million from banks on Thursday (November 23), below the planned level of RON500 million, selling bonds due... more
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Romania’s Banking System Makes Over RON10B Profit In Jan-Sep, As Much As In Entire 2022 11.22.2023
The significant rise in banks’ revenue along with the rise in interest rates and continued lending helped Romania’s banking system make a... more
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Romania's Central Bank Greenlights Maria Rousseva's Appointment As CEO Of BRD 11.22.2023
The National Bank of Romania approved the appointment of Maria Rousseva for the position of Chief Executive Officer (CEO) of BRD-Groupe Societe... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal 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
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania 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.