03.07.2016

Vodafone customers holding M-Pesa money transfer accounts can receive money from over 125 countries worldwide, sent through MoneyGram. more

10.15.2015

Western Union wants to focus on developing electronic channels for money transfers whose global share currently reaches 5%, but the growth rate is higher than the cash-to-cash rate, said Gabriel more

10.07.2015

One third of Romanians save money on a regular basis for the future of their family, while over half direct the funds to private pension funds and 10% keep the funds in a bank; nevertheless, Romanians more

03.13.2015

At 26, Mihai Calinescu works for BlackRock, the world’s biggest money manager and handles assets worth one billion dollars for which he has to find the most lucrative placement. He would invest at more

02.24.2015

Global finance giants BlackRock, Vanguard, Franklin Templeton and Morgan Stanley hold around $100 million (some RON400 million) worth of investments on the Bucharest Stock Exchange through the funds more

10.01.2014

Most money transfers to Romania operated through Western Union were made from Italy, Germany and Spain, and the average value of a transfer is around $300, said Daniela Budurea, Western Union country more

07.29.2014

Romania has made some progress in its combat against money laundering, but further steps are needed to strengthen the independence of its anti-money laundering institutions and to improve the overall more

05.22.2014

Investment fund Frontiers Investment Trust, managed by US giant BlackRock, the world’s biggest money manager, has come to invest EUR6.7 million in the shares of BRD, Romania’s second largest bank more

05.22.2014

Romania’s five largest money managers ended 2013 with net cumulated profits above RON34 million, mainly generated from the management of low-risk mutual funds. more

04.22.2014

Switzerland will grant non-reimbursable financing of CHF2.5 million to Romania to assist the latter in the fight against money laundering. more

03.24.2014

Orange Romania, leader on the Romanian mobile telephony market, will partner with a bank to launch Orange Money, a service allowing customers to pay bills or send money to other users from an account more

09.19.2013

Card holders spent 11 billion lei (equivalent to EUR2.5 billion) on food, beverages and tobacco, half the overall amount spent by Romanians using cards. more

08.20.2013

The Romanian Finance Ministry has put aside a forex reserve of EUR6 billion, the so-called “fiscal buffer” needed to supply liquidity in case of new shortages on financial markets and if Romania more

05.08.2013

Comarnic-Brasov (58 km) and Craiova-Pitesti (121 km) highways, as well as Bucharest’s southern bypass route (48 km), are set to be built under concession, but the huge costs accepted by the Romanian more

10.23.2012

Someone who had invested the equivalent of a Dacia car (5,600 lei) in SIF Moldova (SIF2.RO) shares when the company was listed on the stock exchange on November 1 1999, would have made RON500,000 in more

07.17.2012

Erste Asset Management, the largest asset manager on the local market, sets out to raise 100 million lei (EUR22 million) by yearend for a money-market fund built to the new European standards. more

07.02.2012

Carbochim (CBC.RO) and Artego Targu Jiu (ARTE.RO) doubled their investors’ money since the beginning of the year, while OMV Petrom (SNP.RO), SIF Muntenia (SIF4.RO) and SIF Moldova (SIF2.RO) more

01.03.2012

The forex market is a speculative market like any other, where all traders have a 50%-50% chance of winning or of losing money (what some win others lose), but the vast majority of Romanians who bet more

12.15.2011

Almost half of the Romanians do not earn enough to put money aside, while those who do have little or no knowledge about the available financial instruments, according to a survey from local market more

09.21.2011

Two former managers of Romanian oil company Petromservice have been indicted for embezzlement, along with three other people charged with money laundering, the five having caused damage to the company more

09.05.2011

A list of payments made in the last six years for the construction of Romanian highways and published for the first time by Ziarul Financiar reveals that road builders received EUR2.3 billion and more

08.24.2011

Clients who want to withdraw more than EUR5,000 from their current accounts need to notify the bank at least one day ahead and in some cases they even need to go to the bank to file a written more

07.12.2011

None of the eight money market funds on the Romanian market has managed to yield more than the annual inflation rate of 7.93% in the last 12 months. more