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Financial & Banking

PM Ciolos: Romania wants to access the Asian Bank for investments in infrastructure

Monday, October 3, 2016

Premier Dacian Ciolos stated on Tuesday on the occasion of the reception on the National Day of the Republic of China that Romania expressed its availability to access the Asian Bank for investments in infrastructure. ‘Romania expressed its availability to access the Asian Bank for investments in infrastructure as we appreciate we could use better this instrument for investments to develop new projects and to finalise projects which have been ...

Romania on the list of countries with substantial potential to be an emerging market

Monday, October 3, 2016

Romania was officially included in the Watchlist of countries that show a substantial potential to be an emerging market, according to the FTSE Russell decision, published on Thursday, the Bucharest Stock Exchange (BVB) informs. "Romania's capital market was included on the list of the countries that have a substantial potential to get to emerging market ...

Largest IFI bond issue placed on Bucharest Stock Exchange – IIB bonds

Monday, October 3, 2016

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With increased investor demand and more than twofold oversubscription, the International Investment Bank (IIB) successfully placed RON 300 million (around EUR 67 million) of 3-year bonds on the Bucharest Stock Exchange on September 29, 2016, the ...

The bonds of the International Bank for Investments on BVB got BAA1 from Moody’s and BBB from Fitch Rating

Monday, October 3, 2016

The rating agency Moody’s offered the BAA 1 rating to the bonds issued by the International bank for investments (IIB) and Fitch Ratings offered BBB- according to a public information on the site of the BVB. IIB listed on Thursday on the Romanian capital market corporate bonds of 300 million lei ‘The Rating agency Moody’s Investor Service attributed to these bonds, on 27 September 2016 the Baa1 rating and the ...

WB: Room for Improvement in How Governments Prepare, Procure and Manage Public-Private Partnerships

Monday, October 3, 2016

New World Bank Group Report Benchmarks PPP Procurement Across 82 Economies Many economies are yet to adopt broadly recognized good practices to prepare, procure, and manage Public-Private Partnerships (PPP), according to the ...

Flash estimate - September 2016 : Euro area annual inflation up to 0.4%

Monday, October 3, 2016

Euro area annual inflation is expected to be 0.4% in September 2016, up from 0.2% in August 2016, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in September (1.2%, compared with 1.1% in August), followed by food, alcohol & tobacco (0.7%, compared with 1.3% in August), non-energy industrial goods ...

Romania, officially included in the Watchlist of countries with a substantial potential to be an emerging market

Monday, October 3, 2016

Romania was officially included in the Watchlist of countries that show a substantial potential to be an emerging market, according to the FTSE Russell decision, published on Thursday, the Bucharest Stock Exchange (BVB) informs. "Romania's capital market ...

Total assets administered by the entire private pension system of Romania, up 26.81 percent at end June

Monday, October 3, 2016

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The value of total assets administered by the entire private pension system of Romania reached 28.95 billion lei (6.40 billion euros) at June 30, 2016, up 26.81 percent from June 30, 2015, according to data released on Thursday by the Financial Oversight Authority ...

Overdue loans in lei of the population and companies, in August 2016, down by 1.47pct

Monday, October 3, 2016

The total value of overdue loans in lei of the population and companies, in August 2016, is worth 6.438 billion lei, down by 1.47pct against the sum reported in July, while the value of the overdue loans in foreign currencies dropped by 5.47pct, to 8.09 billion lei (equivalent), according to a release by the National Bank of Romania ...

RCA mandatory liability insurers reported subscribed gross premium of 5.7 billion Euros

Monday, October 3, 2016

The RCA mandatory liability motor vehicle insurers reported subscribed gross premium of 5.7 billion Euros and damage payments of 3.7 billion Euros so they're left with 2 billion Euros in their pockets for administrative expenses and profit, according to a press release sent on Monday by the road transport employers associations: UNTRR, FORT, APULUM, APTE 2012. "The road transport employers associations - UNTRR, FORT, APULUM, APTE 2012 - consider that the ...

BNR’s Georgescu: EUR 11 bln needed for recapitalization of Romanian companies

Monday, September 26, 2016

The recapitalization needs of Romanian companies stand atEUR 11 billion, First Deputy Governor of the National Bank of Romania (BNR) Florin Georgescu says quoted by business-review.eu. Out of the total EUR 11 billion, EUR 6 billion would be be needed to recapitalize private companies with foreign capital, EUR 4.5 billion to recapitalize private companies with Romanian capital and 0.5 billion would be ...

BNR: Monetary indicators - August 2016

Monday, September 26, 2016

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According to Central bank (BNR) data, at end-August 2016, broad money (M3) amounted to RON 295,711.4 million, up 0.5 percent (0.5 percent in real terms) month on month. In year-on-year comparison, broad money rose 12.7 percent (13.0 percent in real terms). At end-August 2016, non-government loans granted by credit institutions inched down 0.3 percent (-0.4 percent in real terms) from July 2016 to RON 215,384.7 million. RON-denominated loans expanded ...

Reuters: Romanian Fondul says to sell part of its Petrom shares in Q4

Monday, September 26, 2016

Romanian investment fund Fondul Proprietatea said on Friday it aimed to sell a part of its 19 percent stake in oil and gas group OMV Petrom in the fourth quarter, to enhance its trading liquidity, Reuters correspodent reports. The $2.2 billion fund, managed by global investment manager Franklin Templeton, holds minority stakes in a slew of state-owned and private firms, including a 19 percent stake in Petrom, which is ...

ANAF will stop accepting, starting with 1 January 2017, paper filings of digital statements

Monday, September 26, 2016

The National Tax Administration Agency (ANAF) will stop accepting, starting with 1 January 2017, paper filings of digital statements, ANAF Chairman Dragos Doros told an accounting conference on ...

7.1 billion lei aggregated net assets of the five financial investment companies (SIF) at the end of August

Monday, September 26, 2016

The aggregated net assets of the five financial investment companies (SIF) was 7.1 billion lei, at the end of August, up by 3 percent compared to the level recorded at the end of July, points out a press release of the Asset Managers Association (AAF) sent on ...

Romania borrows RON 500 mln until February 2020 at lower average interest rate

Monday, September 26, 2016

The Ministry of Finance sold state bonds on Monday valued at RON 500 million (EUR 112.5 million) with maturity in February 26 2020, aligned with the programmed level, for which banks receive an average annual yield of 1.80 percent. This offering registered a slight drop in yields compared with the last tender with the same maturity, says the BNR data, according to news.ro quoted by business-review.eu. At the past tender within the same bonds issue from ...

Euroins Romania's Jan-Aug premium income rises 17.1% y/y

Monday, September 26, 2016

The premium income of Euroins Romania rose by 17.1% year-on-year, reaching 120.5 million euro ($134.5 million) for the first eight months of 2016, the insurer’s Bulgaria-based parent Eurohold [BUL:4EH] has said, quoted by seenews.com. In August alone, Euroins Romania’s premium income rose 48.1% on the year to 17.1 million euro, Eurohold said in a filing with the Sofia bourse on Saturday. Euroins Romania's premium ...

ROBOR index for 3 months reaches historic low on 0.70% per year. Cheaper credits

Monday, September 26, 2016

Romanians with credits in lei may pay smaller instalments in October, after the historic low value of 0.70% per year recorded on Tuesday. At the beginning of 2015, ROBOR for three months was 1.68% the historic high reached on February 9, 1999 was 125.54%, according to data published by the National Bank of Romania. ROBOR for three months is one of the main components of credit costs, which is usually added to commercial interest rates offered by ...

Banks expect ease of lending for IT, Health and SMEs in Romania

Monday, September 26, 2016

EY Romania and the Romanian Banking Association (ARB) have releasedfor the third year the Banking Barometer ARB&EY. The index of the banking industry in Romania is calculated following a process involving a questionnaire filled in by the management of banks, members of the ARB, business-review.eu ...

Bloomberg:Romania to Name New Deputy Central Bank Governor After Elections

Monday, September 26, 2016

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Social Democratic Party leader says lawmakers need time Parliament must act after corruption probe sank Olteanu Romania will probably pick a new deputy head of the central bank after Dec. 11 elections as parliament needs time to make the best decision, the leader of the Social Democrats said quoted by Bloomberg correspondent. The main ...

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