07.01.2014

Romanian insolvent power producer Hidroelectrica has closed a EUR75 million credit line granted by Citibank International in 2009 and plans to pay back loans of EUR39 million by the end of the year. more

06.02.2014

UK’s PayPoint, which operates a network of more than 8,000 terminals enabling users to pay various bills across Romania, plans to expand with new online and mobile payment processing services after 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

03.25.2014

The value of local taxes Romanians paid online by card tripled in January and February this year compared to the same period of 2013, reaching RON6.6 million, according to data reported by banks that more

02.11.2014

Romanians paid 133 million lei (EUR29.7 million) in taxes online and using bank cards in 2013, up 36% on the year, due to a 38% increase in the number of transactions via POS (point of sale) units, 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

12.12.2013

Mobile banking is the future and retailers will be more and more willing to accept mobile payments, according to Titus Grecescu, general manager of online payment processor Pay&Co. more

12.12.2013

The Romanian mobile payment market is estimated at about EUR10 million a year and at least one third of Romanians use mobile payment services, according to marketing company Breeze Mobile. more

07.22.2013

Online card payment processor Netopia mobilPay, also the largest player on the Romanian mobile phone micropayment market, processed over 1 million online transactions through the mobilPay platform in more

07.03.2013

The sale contract for Romanian freight railway carrier CFR Marfa is likely to be signed next Thursday, July 11, and the money for a 51% stake in the company must be paid within ten days at most after more

05.30.2013

Romania’s Competition Council Thursday said the government might require authorization from the European Commission to implement a measure aimed at exempting industrial consumers from paying part of more

04.23.2013

The European Commission decided to resume payments for four axes of the Romanian pre-suspended regional operational program POR, the Romanian Ministry for European Funds said Tuesday. more

02.06.2013

Monthly apartment rents in Bucharest are generally higher than monthly mortgage payments, and the difference is 40% in some areas in the Romanian capital, according to website anunturiparticulari.ro. more

01.25.2013

Businessman Valer Blidar, who owns the Astra Vagoane Calatori passenger rolling stock plant in Arad, said he has decided to terminate 400 contracts with small firms, with which he has worked for more

12.04.2012

Telecom operators Cosmote Romania, Orange Romania, Vodafone Romania and RCS&RDS paid the first tranche of EUR204.14 million for mobile telephony licenses in frequency bands 800, 900, 1,800 and 2,600 more

10.29.2012

Romania’s Central Bank and the Finance Ministry will touch a foreign debt payment peak over the next two years as they will have to pay EUR13 billion, the president of the Fiscal Council Ionut more

10.29.2012

Taxpayers in Romania will no longer be charged fees when they pay their taxes on the Internet, as the fees will be paid by local authorities, as per a draft act drawn up by the Ministry of more

10.23.2012

Romania’s Chamber of Deputies on Tuesday adopted a Government emergency ordinance making VAT due on invoice payment starting January 1, 2013. more

10.17.2012

VISA Romania general manager Catalin Cretu on Wednesday said the online payment of taxes is “up in the air” in Romania, because local authorities levied a fee on this type of transactions. more

09.24.2012

Romania’s Senate on Monday adopted unanimously a Government emergency ordinance making VAT due on invoice payment starting January 1, 2013. more

09.13.2012

Romania could implement regionally differentiated direct payments per hectare of farmland in 2014, following negotiations with the European Union on the Common Agricultural Policy (CAP), EU more

08.30.2012

The decline of credit sales and implicitly of interest rate income are forcing banks to identify new sources of income, which led to the emergence of fees that are difficult to justify, such as more

08.06.2012

Romania’s central bank (BNR) on Monday makes its first principal payment on Romania’s EUR12 billion loan from the IMF, amounting to around EUR670 million from its forex reserve. more

07.03.2012

Online card payments in Romania, processed by RomCard, amounted to EUR109.5 million in the first half of 2012, up 38% compared with the same interval a year ago, e-commerce solution provider PayU said more

03.27.2012

The estimated value of online payments made with bank cards issued in Romania increased about 40% last year to some EUR800 million, of which EUR600 million are transactions made outside the country, more