10.30.2014

Romanian lender Banca Transilvania (TLV.RO) Thursday reported a significant rise in net profit for the first nine months of the year, supported by higher operational revenue and cost control more

10.13.2014

The financial statement of insurer Astra Asigurari for 2013 carried out by special administrator KPMG Advisory, appointed by financial authority ASF, does not reflect the reality and is artificially more

09.12.2014

The financial recovery plan of insurer Carpatica Asig, targeting the return to profitability, requires funds injection of maximum EUR20 million, that will be covered via the share capital increase and more

07.23.2014

The World Bank/IFC, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) extended loans of around EUR400 million in the first year-half to Romania’s more

06.30.2014

The value of private lending, as share in the gross domestic product, has returned to 2007 levels in Romania, and is on the way for further declines. more

06.24.2014

The European Central Bank is recommending the Romanian authorities levy the standard 16% flat tax on profit reported by the country’s central bank instead of the 80% rate currently taxed, while more

04.30.2014

Consumer lender Provident Financial Romania has appointed Bogdan Matei as director of operations, replacing British Neil Dalgliesh. more

04.25.2014

Romanian financial analysts’ confidence increased in March after improved expectations about the economy's performance over the next twelve months, confirming positive forecasts of other economists more

04.11.2014

Auchan Romania registered sales of 4.6 billion lei (EUR1.03 billion) in 2013, excluding taxes, more than double the RON1.97 billion sales posted in 2012, following the integration of the 20 real more

03.31.2014

The legal administrator of Romania’s insolvent hydropower producer Hidroelectrica named a new financial manager, namely Gabriela Mihailescu, former CFO and deputy CEO of OTP Bank, replacing Lucian more

03.25.2014

Very few Romanians know how to answer personal finance questions correctly, a financial literacy survey reveals. more

02.26.2014

Consumer lender Provident Financial, part of British group International Personal Finance (IPF), Wednesday said it granted loans worth EUR127.5 million in Romania and Bulgaria in 2013, after the group more

02.03.2014

Romania’s nuclear power producer Nuclearelectrica (SNN.RO) appointed a new financial manager, economist Mihai Darie, as of February 1. more

08.06.2013

Romanian state-run postal company Posta Romana said Tuesday it wants to expand its portfolio and offer banking and financial services, and the project will be presented to banks between August 6 and more

04.23.2013

Wages of members in Romania’s Financial Supervisory Authority (ASF) will follow central bank standards, Prime Minister Victor Ponta said Tuesday. more

03.26.2013

Dutch financial group TBI Financial Services last week opened its first bank in Romania and targets total assets of over EUR100 million by the end of the year. more

03.20.2013

The financial assets of a Romanian, which are generally illiquid assets, are 13 times lower than a German’s, which raises serious questions regarding the financial resources Romanians will enjoy more

01.23.2013

Romania will not levy a tax on financial transactions but will neither set against the initiative of the European Union’s countries that wish and support this tax, according to secretary of state more

01.10.2013

Romanian insurer Astra Asigurari Thursday said it named Marinela Grigore, former director with KPMG Romania, as financial manager, replacing Carmen Gheorghe whose mandate expired. more

12.12.2012

The future single watchdog of Romania’s financial markets could be no more than a formal change because it is still parties who appoint the management. more

12.10.2012

Romania’s government plans to dismantle a series of regulatory authorities in the financial sector and set up a single decision-making institution, called the Financial Supervisory Authority. more

11.14.2012

The European Commission proposed financial correction ranging between 5% and 25% of the value of contracts signed through five Romanian EU-funded programs. more

07.26.2012

Mobile telephony operator Orange Romania posted revenues of EUR448 million in the first half of 2012, down 2% from EUR457 million in the same period a year ago, on lower interconnection tariffs, the more

07.17.2012

Car leasing company LeasePlan Romania reported a turnover of EUR19 million in the first half of 2012, up 36% from the same period a year before, the company said Tuesday. more

06.20.2012

Demand is stabilizing on the Romanian telecom market, sending a positive signal to the major operators, Orange Romania CEO Jean-Francois Fallacher said Wednesday in the conference ZF Bankers Summit. more