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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Three-Month ROBOR Falls To 6.13%; IRCC For New Loans: 5.97% In Q1/2024
01.25.2024
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Finance Ministry Raises RON720M From Banks On January 25, 2024
01.25.2024
Romania's Finance Ministry raised RON720.7 million from banks on Thursday (January 25, 2024) selling benchmark government bonds with a nominal... more
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European Investment Bank Group's Investments Near EUR88B In 2023
01.25.2024
In 2023, the European Investment Bank Group signed new financing contracts for close to EUR88 billion for high-impact projects in EU policy... more
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Nuclearelectrica Buys Bonds Issued By Banca Transilvania, In The Amount Of EUR17.5M
01.22.2024
The Board of Directors of Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, has called its shareholders for a meeting on... more
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Romgaz Makes RON30M Term Deposit With CEC Bank
01.22.2024
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Monday (Jan.22) announced its shareholders in a stock market report that it opened a... more
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Finance Ministry Raises RON343M From Banks On January 22, 2024
01.22.2024
Romania's Finance Ministry raised RON343 million from banks on Monday (January 22, 2024) selling bonds with a nominal value of RON500 million due... more
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IMF Delegation Set to Visit Romania in January 29-February 1 Period
01.22.2024
A delegation of the International Monetary Fund led by Jan Kees Martjin will visit Romania during the January 29-February 1 period for the periodic... more
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Three-Month ROBOR Stays At 6.14% After Downward Streak; IRCC For New Loans: 5.97% In Q1/2024
01.18.2024
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Finance Ministry Raises RON900M From Banks On January 18
01.18.2024
Romania's finance ministry on Thursday (January 18) raised RON900.3 million selling discount treasury bills maturing in January 2025, at an annual... more
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Alpha Bank Romania Launches Online Fraud Prevention Service
01.18.2024
Alpha Bank Romania launched at the beginning of 2024 the identity verification function of the recipient of payments made through online banking by... more
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Filip & Company Assisted Victoriabank In Finalizing Acquisition Of BCR Chisinau Branch
01.18.2024
Law firm Filip & Company law firm assisted Banca Comerciala Victoriabank S.A., one of the largest banks in the Republic of Moldova, in finalizing... more
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UniCredit: CEE Economies Set to Rebound in 2024
01.17.2024
CEE economies, including Romania, will not suffer any fiscal and budgetary expense cutback pressures in 2024 as the year is a crucial electoral one... more
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THR Marea Neagra Set To Take Out EUR4M Loan From Banca Transilvania
01.17.2024
Turism, Hoteluri, Restaurante Marea Neagra (EFO.RO), which manages several hotels and restaurants in Romanian seaside resorts, has called... more
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UniCredit Moves Ahead With Alpha Bank Romania Acquisition
01.16.2024
The acquisition of Alpha Bank Romania is going well, the due diligence was fine and nothing to change the course of this deal was found, Teodora... more
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Finance Ministry Raises RON1.75B From Banks Via Two Bond Issues On January 15
01.15.2024
Romania's Finance Ministry raised RON1.75 billion from banks on Monday (January 15), selling government paper in two auctions, at annual average... more
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NN Romania Announces Launch Of NN Premium Care Abroad, A Health Protection Solution For Critical Illnesses
01.15.2024
Insurance and private pension company NN Romania announces the launch of NN Premium Care Abroad, a health protection solution for critical... more
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Alpha Bank Completes Transfer Of Orange Money Romania Operations
01.15.2024
Alpha Bank completed the transfer of the operations of Orange Money Romania on January 12, that is the customer portfolio, the digital assets... more
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Banca Transilvania Grants Nearly EUR32M Financing To Softronic Craiova
01.15.2024
Romanian lender Banca Transilvania grants financing of almost EUR32 million to Craiova-based Softronic, Eastern Europe’s sole producer of... more
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Finance Ministry Kicks Off Second Edition Of TEZAUR Treasury Bills Program
01.15.2024
Romania's finance ministry on Monday (January 15, 2024) launched the second edition of the TEZAUR Treasury bills (T-bills) program for the general... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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.