03.09.2017

Romania’s Financial Supervisory Authority (ASF) decided to close the plan-based financial recovery procedure of insurance company Euroins Romania Asigurare-Reasigurare SA, after the latter managed more

02.02.2017

Vodafone Romania, the local division of British telecom group Vodafone, on Thursday said it registered some 9.5 million clients (mobile services, voice services and the Internet of Things) at the end more

01.04.2017

Over one third (38%) of the banks and financial organizations cannot distinguish between fraudulent and real transactions of their clients, saying that it is harder and harder to keep financial fraud more

12.13.2016

The debt discharge law and the law regarding the conversion of foreign currency loans into Romanian lei trigger lower risks for the country’s financial stability, deputy central bank governor Liviu more

09.05.2016

Lender EximBank signed a RON46.5 million financial agreement with Galati-based Prutul SA, a top player on the local market of vegetable oil producers and in agribusiness sector. more

08.11.2016

The Romanian financial leasing market saw a 25% increase in the first six months of 2016, to nearly EUR1 billion, the association of financial companies ALB Romania said Thursday. more

06.28.2016

Britain's decision to quit the European Union affected the Romanian financial market less than the Chinese Stock Market turbulence in February this year, Citi Romania head, Tibor Pandi, said Tuesday. more

05.20.2016

Patria Bank got the central bank’s approval to sell financial products and services via the units of Romanian state-run postal company Posta Romana. more

05.18.2016

Romania is experiencing no macroeconomic imbalances but there are financial risks linked to the high stock of net foreign liabilities, the vulnerabilities of the banking sector and the pro-cyclical more

05.08.2016

Banks should take quick steps to adopt modern technology as a new wave of small players, combining technology with financial services, is starting to attack the business of traditional financial more

05.03.2016

The financial crisis has triggered drastic changes on the real estate market, as half of apartments demand is currently for homes of up to EUR60,000, while in 2008, 70% of the buyers were interested more

05.03.2016

Gross financial assets of households in Romania stood at more than 500 billion lei (over EUR100 billion) last year, about one third of which, RON140 billion kept in bank deposits, Romania’s central more

04.22.2016

Romanian President Klaus Iohannis on Friday signed the decree for promulgating the law on ratifying the Multilateral Competent Authority Agreement for automatic exchange of financial account more

02.17.2016

Online store Cel.ro on Wednesday said it registered a turnover of nearly RON180 million (some EUR40 million) in 2015, up 25% on the year. more

10.14.2015

Romania’s Financial Supervisory Authority (ASF) on Wednesday decided to open financial recovery procedures for insurer Euroins Romania, in a move to improve the company’s financial situation, more

10.07.2015

Romania’s central bank believes there are about 10,000 sound companies, selected by profitability and investment criteria, which have a low indebtedness level and could sustain significant lending more

10.06.2015

International Finance Corporation (IFC), a member of the World Bank Group, has invested a total $450 million in projects in the Romanian financial sector between 2008-2015, representing half of the more

10.06.2015

Maintaining financial stability is not a fad and tax cuts would be otherwise canceled out by inflation, currency depreciation and arrears, Romanian central bank Governor Mugur Isarescu told a news more

09.14.2015

Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, will find a solution by yearend at the problems identified by Romania's Financial Supervisory Authority more

08.26.2015

Jon Garrison steeped down as financial head of cable TV and telecom operator UPC Romania and joined US group Liberty Global, the company’s owner, sources on the market told ZF. more

08.20.2015

The market capitalization of Romanian aluminum smelter Alro Slatina (ALR.RO), majority owned by Vimetco group, exceeded 1 billion lei on the Bucharest Stock Exchange, the growth being fueled by the more

08.14.2015

Dante International, managing Romania's largest online retailer eMAG, reported net losses of 58.3 million lei (EUR13.1 million) in 2014, eightfold higher than a year before, according to Trade more

08.11.2015

The Romanian financial leasing market rose 16% on the year to EUR769 million in the first half of 2015, backed by the financing of vehicles, which saw an 18% increase, and by the financing of building more

07.15.2015

The Bucharest Stock Exchange launched a program Wednesday, together with four brokerage firms, in a move to attract employees of large corporations among investors. more

06.18.2015

The financial cycle, which is still on a downward trend, should be resynchronized with the business cycle to trigger a higher economic prosperity by increasing the level of financial brokerage which more