12.15.2014

Card money accounts for just one third of Romanians’ overall consumption, while cash represents the rest of two thirds, a situation that is fuelling the underground economy, believes Catalin Cretu, more

11.21.2014

The five largest state-run listed energy companies have 7.7 billion lei (EUR1.7 billion) cash in their accounts, more than one third of their market value. more

11.18.2014

Owners of cards issued by local banks operated payments at local and foreign retailers worth 22 billion lei (EUR5 billion) in the first nine months of this year, 16% above the level of the more

10.28.2014

Germany’s group Metro Cash&Carry collaborates with 100 Romanian fruit and vegetable producers. more

10.15.2014

French-held Carrefour, the first to open a hypermarket in Romania in 2001 creating a market that currently stands at EUR4 billion, is expanding onto the cash&carry segment in the hope of narrowing the more

09.11.2014

The 70,000-80,000 small stores still operating in Romania are eyed by international retailers, which are trying to attract them in franchise. Thus, in full crisis, Carrefour, as well as Metro more

08.21.2014

The cash accumulated in the accounts of the ten largest listed companies on the Bucharest Stock Exchange stood at more than 15 billion lei (EUR3.4 billion) at the end of June, which could signal they more

08.05.2014

Banca Transilvania (TLV.RO) has almost 4 billion lei (EUR1 billion) cash in its accounts from past years' profits and is looking 'carefully and interestedly' at the opportunities on the Romanian more

05.28.2014

Romania is a favorite destination of northern and western European investment funds ‘because it’s looking very good’ with its surprising economic growth of last year, highly skilled and cheap more

05.27.2014

Carrefour Romania introduced this month the cash payment for its products ordered online, although it has previously stated that products will exclusively be paid online. more

05.21.2014

Cash&carry store chain Selgros saw its revenue drop below the EUR700 million threshold and profit shrink to less than one third of the 2008 level, to EUR12.2 million, in 2013. Alexandru Vlad, the more

05.06.2014

Three quarters of Romanians believe handling cash, bank notes or coins to be unhygienic and dirty but only three in ten people wash their hands after handling cash, according to a European-wide study more

04.22.2014

Belgium-held Mega Image wants to open around 100 stores this year alone, Rewe Romania wants to double its network by 2020, and Carrefour is set to bring a new format on the Romanian market, a hybrid more

04.09.2014

The Romanian government has left the Parliament to discuss the details of the project aimed at capping cash payments, which is likely to give a strong boost to the card market. However, restrictions more

04.04.2014

Gilles Roudy came to Romania for the first time in 2006, returning several times since then. Last December, he moved here to take over the reins of Metro Cash&Carry store network. more

04.02.2014

Romanian government approved the draft law on capping cash payments and reducing interbank fees for debit and credit cards transactions, according to official sources. more

03.19.2014

The Romanian Finance Ministry amended the draft law on banning cash transactions for houses or cars, limiting cash payments to RON10,000 for each transaction, like in the case of cash payments between more

03.10.2014

Individual depositors had 10.7 billion lei (EUR2.4 billion) savings kept in deposits maturing in more than a year at the end of January, a 30% increase on the year-ago period, according to Romania’s more

02.27.2014

The Romanian Finance Ministry considers limiting cash payments for houses or cars transactions to RON10,000, like in the case of cash payments between individuals, or even to RON50,000 for real estate more

02.06.2014

Romanian government’s plan to limit cash transactions for both companies and population reminds of the proverb “the road to hell is paved with good intentions,” central bank’s governor Mugur more

02.05.2014

The Romanian government will most likely approve the draft law on capping cash payments and bank fees next week, Prime Minister Victor Ponta stated, adding that he had talks in this respect with the more

02.04.2014

Cash payments will be capped jointly with bank fees, probably by law, not by ordinance, and the banks should agree with the decision, especially that they will benefit from a higher number of more

02.03.2014

Banks will stand to gain an additional EUR80 million to EUR100 million in fees from people buying homes or from retailers of furniture, cars and other items that cost more than 10,000 lei (about more

01.24.2014

Cash payments between firms and toward private individuals will be capped to 2,000 lei (EUR441) per day, from RON10,000/day currently, according to a draft ordinance obtained by Mediafax. more

01.24.2014

The Romanian government may forbid cash transactions for purchasing cars, homes and land, regardless of their value, and plans to introduce fines of up to 20% of the deal’s value for both the buyer more