Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Financial & Banking

Real estate agency to start accepting payments in Bitcoin

Monday, January 8, 2018

Bucharest real estate agency Cityland, specialised in new residential developments, will soon start to accept payments in Bitcoin for their properties. The agency claims that the growing popularity of the virtual coin among potential investors led them to the decision, according ...

Fusion between the Stock Exchange Bucharest and Sibex approved by the tribunal. The process will be implemented on 1 January

Monday, December 18, 2017

The tribunal Bucuresti – section VI admitted on Thursday the request regarding the fusion through absorption between Bucharest Stock Exchange - BVB as absorbing company and Sibex – Sibiu Stock Exchange as absorbed company and disposed the registration in the Trade Register the mentions regarding the fusion, announced BVB. ‘This approval allows the two companies that in the future period finalised all the procedure and operational ...

BNR sanctioned only five banks in 2017, compared to 55 in 2016

Monday, December 18, 2017

Credit Europe Bank had the most deviations and breaches of banking regulations in 2017, romaniajournal.ro reads. For all these irregularities the financial institution was fined RON 20,000, following the Order of the First Deputy Governor of National Bank of Romania (BNR). Throughout the year 2017, the central bank has fined only 5 banks, compared to 55 in 2016. The other fined banks are: Bancpost (RON 25,000); Garanti Bank (written ...

BVB: Romania capital market is in full swing with seven bond issuances going on this year

Monday, December 18, 2017

The Romanian capital market is in full swing with seven bond issuances going on this year, Alin Barbu Interim General Manager of the Bucharest Stock Exchange (BVB) stated according to a press release of ING Bank sent on Thursday. "Only this year, BVB carried out four public offering of shares which exceeded 270 million euro and seven bond issuances, both in lei, the national currency and in euro, amounting to the equivalent of 820 million euro. The Romanian ...

Deloitte Central Europe PE Survey: Romania plays in the big league

Monday, December 18, 2017

On the backdrop of a stable economic context in the region and with growing macroeconomic indicators, Romania has won the deal doers’ trust now becoming a core market for private equity funds next to Poland, according to the Deloitte Central Europe Private Equity Confidence Survey quoted by business-review.eu.  “We have seen a significant increase in the activities of the private equities in Romania, following successful rounds of fund ...

Romanian Minister Wants to Regulate Bitcoin and Other Cryptocurrencies

Monday, December 18, 2017

171218103435nintchdbpict000306226097.jpg

* Ilan Laufer, Romanian Minister of Business, Commerce, and Entrepreneurship Environment, says that Bitcoin is a challenge for the banking system and regulation might be a solution, cryptovest.com reads. Ilan Laufer, Romania’s Business, Commerce, and Entrepreneurship Environment Minister, says that while he believes in cryptocurrencies, he also believes that this space should be regulated in the country. “I ...

Treasury Programme of government bonds is due to set off in 2018

Monday, December 18, 2017

The Treasury Programme of government bonds isssuance for the population is due to set off in 2018, following the completion of the procedural and operational framework, reads a press release of the Public Finance Ministry (MFP).The new programme provides the possibility for individuals who own treasury bonds turned into deposits at the State Treasury to use the amounts corresponding to their redemption in view of subscription in the Treasury ...

Intesa Sanpaolo finalizes the migration to take over the operations of Veneto Banca in Romania

Monday, December 18, 2017

Intesa Sanpaolo has finalized the migration for the transfer of certain assets and certain liabilities from the former Romanian branch of Veneto Banca, including its 19-agencies network, to the newly-established Intesa Sanpaolo SPA Torino Bucharest Branch. As a result of the transfer, Intesa Sanpaolo SPA Torino Bucharest Branch has acquired a portfolio of loans and all the deposits of Veneto Banca in Romania. Furthermore, the employees of Veneto Banca ...

Citi appoints Ivan Vrhel as general director of Citi Romania

Monday, December 18, 2017

Citi announced the appointment of Ivan Vrhel as general director of Citi Romania, keeping at the same time the current responsibilities as director of Citi Commercial Bank division for SMEs. In his new role, Vrhel will be responsible for the elaboration and implementation of local strategy of the bank, as well as for an efficient management of risks and controls. Also he will coordinate the relation of the banks with corporate clients, public ...

FinMin Misa: national currency rate may rise next year above the level of 4.55 lei / euro

Monday, December 18, 2017

171218103746curs_leu_euro_de_471_lei_raiffeisen.jpeg

 The national currency rate may rise next year above the level of 4.55 lei / euro, set in the construction of the 2018 budget, says Minister of Public Finance Ionut Misa. "We are talking about rising inflation and about a trend, including at the level of the European Union in terms of inflation. The established exchange rate is based on the analysis of the National Prognosis Commission, given also the economic growth and taking into account the uptake of ...

ING Bank becomes broker on the Bucharest Stock Exchange

Monday, December 18, 2017

ING Bank becomes broker on the Bucharest Stock Exchange (BVB) following a decision adopted on Monday by the Board of Governors, reads an announcement released on the BVB website. "Following the decision of the Board of Governors of the Bucharest Stock Exchange (BVB) from December 11, 2017, ING Bank N.V. Amsterdam Bucharest Branch was granted the quality of Participant to the trading system of the BVB on the regulated spot market and registration with the ...

Romania will start borrowing from the population on a monthly basis

Monday, December 18, 2017

Romania’s Finance Ministry will start selling government securities to the population every month starting January next year. It previously announced that it would launch this program in the fall of 2017, romania-insider.com informs. Romanians will be able to take part in this program if they open an account at the Treasury, where they can deposit money. The account will be used for ...

Competition Council investigates 25 banks and non-banking financial institutions and leasing companies

Monday, December 18, 2017

Competition Council investigates 25 banks and non-banking financial institutions and leasing companies, as well as professional associations and unions in financial services, and it is one of the biggest actions of the institution. The investigations were developed during two sessions, regarding possible sensitive commercial information exchanges between competitive companies on financial leasing market and consume loan, as well as possible ...

BNR:Balance of payments and external debt – October 2017

Monday, December 18, 2017

Accordin to a press release sent by Central Bank – BNR- in January - October 2017, the balance-of-payments current account posted a deficit of EUR 5,302 million, compared ...

Remarks by Vice-President Dombrovskis at the ECOFIN press conference

Monday, December 11, 2017

Brussels, 5 December 2017 Thank you, Toomas. I would like to thank you and your team for all the work that you have done during the past six months. The Estonian Presidency has managed to make progress on many challenging files and keep them high on the agenda. You conclude your Presidency with several landmark decisions on tax. A decision was made by Member States today on the list of non-cooperative tax ...

PayPoint Romania’s transactions up by 6.6 pct to 38.8 million in S1

Monday, December 11, 2017

PayPoint Romania’s transactions went up year-on-year by 6.6 percent to 38.8 million in the first semester of the financial year 2017-2018, with evolutions in all payment segments of the portfolio, business-review.eu reads. After closing the reference period in October, PayPoint announced the finalization of acquisition process of Payzone S.A. Mugur Dogariu, managing director PayPoint Romania ...

BNR representative against the idea of  caps on interests for loans: it is not part of the logic of market Economy

Monday, December 11, 2017

In connection with the legislative proposal through which the interests to loans for the population could be limited to at most 50% over the key interest of BNR Daniel Daianu, member of the Board of Central bank - BNR stated on Friday that the measure is not part of the logic of market economy. ‘Interests represent, in essence, the price of the loan, they reflect the creditation conditions and they depend, among other ...

Leader Team Insurance Broker announces a British investment from  Londongate Group

Monday, December 11, 2017

Leader Team Insurance Broker announces a British investment from Londongate Investment and Management Group, a press release sent to ACTMedia informs. Londongate is an UK-based company with more than 18 years of experience in the insurance market being developed in Europe, Asia, Africa and the Middle East, and from this year decided to entering into Romanian market. The two companies started working together back in 2016 when Leader Team was looking ...

Garanti Leasing signs loan agreement for EUR 15 mln with European Fund for Southeast Europe

Monday, December 11, 2017

Garanti Leasing, part of Garanti Romania, has signed a loan agreement of EUR 15 million with the European Fund for Southeast Europe (EFSE), business-review.eu reads. The facility is meant to increase access to financing for local micro and small enterprises and individual entrepreneurs. This is the second time Garanti Leasing partners with EFSE. Previously, the two institutions have signed an agreement in 2014, ...

Voinea on National Bank of Romania's report on financial stability

Monday, December 11, 2017

The National Bank of Romania's report on financial stability pinpoints five risks, of which three moderated but rising risks, one of them being the straining of domestic macroeconomic balances through slippages and uncertainties in the budget fiscal policy, Deputy Governor of BNR Liviu Voinea stated. "From the date of the previous report, May 2017, financial stability has kept strong but we notice the maintenance and accumulation of certain vulnerabilities, ...

Premium News

Daily

Friday, January 19, 2018

Financial & Banking

Monday, January 15, 2018

Economic

Tuesday, January 16, 2018

Companies

Wednesday, January 17, 2018

Energy & Environment

Thursday, January 18, 2018