Loading page...

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

Subscribe|Login

Financial & Banking

Venture capital fund GapMinder, targeting tech startups, enters Romania

Monday, January 29, 2018

GapMinder, venture capital fund targeting innovative tech startups in Romania enters the local market, romaniajournal.ro reports. With an initial budget of EUR 26 million, GapMinder is the first venture capital fund created following the selection made by the European Investment Fund, a press release informs. The Fund is mostly financed via Competitiveness Operational Program 2014 – 2020 and co-financed by The European Fund for Regional ...

PwC Romania: the banking sector generated 20.6 billion lei to the budget over 2012-2016

Monday, January 22, 2018

The banking sector generated 20.676 billion lei to the state budget over 2012-2016, under the form of taxes and contributions, but the cumulated profitability of the banking sector was 2.185 billion lei, with a profit of 3 out of 5 years analysed, said Bogdan Belciu, Consulting for Management partner at PwC Romania. “The baking sector generated 20.676 billion lei to the state budget over 2012-2016, when direct and indirect effects over economy ...

Compulsory private pension funds had last year assets worth 39.76 billion lei

Monday, January 22, 2018

18012210280804_ff_social_security_731_ab.jpg

The compulsory private pension funds had assets worth approximately 39.765 billion lei on 31 December 2017 up by  26.30% against the level of 31 December 2016 according to the data of the Financial Supervision Authority (ASF).The bonds own the highest share in the assets of 24.42 billion lei, 61.43% respectively. The second are ...

ANAF had collected 214.9 billion lei last year with approximately 8% over 2016

Monday, January 22, 2018

180122102914logo_anaf.jpg

The National Agency of Fiscal Administration (ANAF) got 214,95 billion lei, last year with 7.8%over 2016 shows a press release of the institution.‘The collection plan of ANAF for 2017 was 214.37 billion lei. According to the data of the treasury there were collected 214.95 billion ...

The VAT collected in the 12 months of 2017 was 68.08 billion lei, as compared to 66.64 billion lei in 2016.

Monday, January 22, 2018

After compensations and restitutions from VAT there were given 53.54 billion lei to the state budget with 3.6%more than in 2016 (51.67 billion lei) and with 1.87 billion lei (1.3%) more than the programme included in the budget law. All these resuts were obtained as in February 2017 the quota of VAT dropped from 19% . In 2018 it will continue the implementation of the measures for the improvement of the collection and voluntary conformity with ...

The listed companies will be obliged to acquire an electronic identity with MiCFIDII

Monday, January 22, 2018

The companies listed will be affected by MiFID II being obliged to acquire an electronic identity element  (code LEI) without  which the trading will not be allowed, says Leonardo Bade, the chairman of the Authority for Financial Supervision (ASF) in a statement sent on Friday.He thinks that this will help the authorities ...

French bank BNP Paribas opens subsidiary in Romania

Monday, January 22, 2018

BNP Paribas, the biggest bank in France with over EUR 2 trillion in assets, registered a subsidiary in Romania in December last year and could start to grant loans and draw deposits from clients at the end of this month, according to Romania’s National Bank (BNR), ...

New law in Romania erases fiscal debt for individual real estate developers

Monday, January 22, 2018

A new law that entered into force yesterday cancels the extra taxes that individual real estate developers had to pay to the tax agency ANAF, romania-insider.com reads. Moreover, the investors who have already paid these extra taxes will get them back. The law is actually a tax amnesty for investors who developed and sold whole apartment buildings as individuals to avoid the higher taxes paid by companies, ...

Top 5 Romanian stock exchange actions to be considered in 2018

Monday, January 22, 2018

OMV Petrom, BRD, Transgaz, Romgaz and Transylvania Bank are five actions to be followed by investors in 2018, when results of state companies in nine months could bring dividends with profits of 10-12%, the evolution of oil prices will help Petrom preserve the dynamics of results, but the profitability of BRD and Transylvania Bank will be backed by interest rate increases, analysts questioned by ZF consider. “Veterans” of the exchange are ...

Banks' sales of non-performing loans at less than 1 bln euro in 2017, half 2016 figure

Monday, January 22, 2018

Romania-based banks last year sold non-performing of loans worth less than one billion euro, almost half the amount registered in 2016, shows data presented on Wednesday in a press conference by Radu Dumitrescu, Partner, Deloitte Romania's Transactions support department."2016 was a record breaker, with sales of non-performing loans worth 2 billion euro. The bad loans balance is on downward trend and the sector of such loans is shrinking as a result of bad loans ...

Iancu Guda (AAFBR): 2018 is the best year for a stock exchange listing

Monday, January 22, 2018

The head of the Association of Financial-Banking Analysts in Romania (AAFBR), Iancu Guda, suggested that this year is favorable for companies looking to float shares on the Romanian stock exchange, business-review.eu reports. Guda said that from the perspective of revenues, the consumption is at significant levels that “encourage investments and gains in revenues this year.” “From ...

BNR Board decisions on monetary policy: increase of the monetary policy rate to 2.00 percent per annum

Monday, January 15, 2018

In its meeting of 8 January 2018, the Board of the National Bank of Romania (BNR) decided: to increase the monetary policy rate to 2.00 percent per annum from 1.75 percent per annum as of 9 January 2018; to raise the deposit facility rate to 1.00 percent per annum from 0.75 percent per annum and the lending facility rate to 3.00 percent per annum from ...

The financial debts of the public administration dropped at 23.9% of GDP in Q3 2017

Monday, January 15, 2018

180115100933debts_debt_shows_liability_financial_owning_indicating_obligation_finance_44556825.jpg

Financial debts of the public administration, expressed as share in the GDP dropped with 1.8 percentate points in Q3 2017 as compared to the similar period of 2016, reaching a value of 23.9%,the report of the BNR shows.‘Shares ownership and other state participations diminished with 0.6 percentage points reaching a level of 8.9% of GDP. The deposits of public administration dropped by 0.4 percentage points up to 8.2% of GDP and other accounts dropped by 0.7 ...

World Bank : Growth in Europe and Central Asia to slow to 2.9 percent in 2018 

Monday, January 15, 2018

* Global Economic Prospects: Europe and Central Asia Broad-Based Upturn, but for How Long? According to the January 2018 issue of the World Bank Global Economic Prospects, growth in Europe and Central Asia strengthened more than expected to 3.7 percent in 2017 from 1.7 percent the previous year. The acceleration in activity was largely driven by ...

World Bank raises Romania's 2018 GDP growth forecast to 4.5%

Monday, January 15, 2018

The World Bank said it has increased its forecast for Romania's economic growth in 2018 to 4.5% from 3.7% projected in June 2017, seenews.com reads. The projection for Romania's GDP growth in 2019 was raised to 4.1%, up 0.6% compared to its June forecast, the World Bank said in its January 2018 Global Economic Prospects report. Romania's economy is expected to expand by 3.5% in 2020, figures from the report show. The World Bank significantly revised its estimate for Romania's ...

JASPERS regional support by the Commission and the EIB needs better targeting, say EU Auditors

Monday, January 15, 2018

* An EU initiative managed by the European Investment Bank (EIB) to help Member States apply for Cohesion and Regional Funds suffers from significant weaknesses, according to a new report from the European Court of Auditors. The 'Joint Assistance to Support Projects in European Regions' initiative (JASPERS) contributed to quicker project approval, but could not have an impact on absorption of EU funds, say the auditors. They find that support under JASPERS ...

Number of individuals in arrears with banks and non-bankig financial institutions dropped to 666,381 in Nov

Monday, January 15, 2018

The number of individuals in arrears of over 30 days with the banks and non-bank financial institutions decreased by 0.39% in November, compared to the previous month, down to 666,381, according to the most recent data of the National Bank of Romania (BNR).These persons had arrears of over 7.69 billion lei. Most of the amount was in lei and euro, respectively 3.07 billion in lei and the equivalent of 3.17 billion lei in euro. Depending on the delay category, the ...

Fondul Proprietatea to buy back up to 1.2 bln own shares

Monday, January 15, 2018

Romanian property restitution fund Fondul Proprietatea [BSE:FP] said on Thursday it is launching a share repurchase programme at a price of 0.52 lei ($0.13/0.11 euro) per share, seenews.com informs. Under the tender offer, the fund intends to repurchase up to 1.2 billion shares, both in the form of shares and global depositary receipts (GDRs) from its shareholders, it said in a bourse filing. Each global depositary receipt ...

BVB in 2017: 4 private companies listed and the largest IPO in the history of the local capital market

Monday, January 15, 2018

180115101039cat_costa_listarea_unei_companii_la_bursa_de_valori_bucuresti_a1626.jpg

Bucharest Stock Exchange (BVB) registered one of its most dynamic years in 2017, romaniajournal.ro reads. Four private companies listed their shares on BVB last year alone, which also recorded the largest IPO of a private company in the history of the local capital market, as a press release informs. DIGI Communications was the first company to go public last year, after selling a 25.6 percent stake worth RON 944 million (EUR 207 million), the largest ...

Bulgarian lev, Romanian leu to start trading on Serbia's FX market

Monday, January 15, 2018

Serbia's central bank, NBS, said on Thursday it has decided to put the Bulgarian lev and the Romanian leu on its list of currencies traded on the foreign exchange market as of February 1, seenews.com reports. In making this decision, the executive board of the central bank was guided by the important role of Bulgaria and Romania in the foreign trade of Serbia, as well as the potential for strengthening and enhancing the economic cooperation with ...

Premium News

Daily

Wednesday, February 21, 2018

Financial & Banking

Monday, February 19, 2018

Economic

Tuesday, February 20, 2018

Companies

Wednesday, February 21, 2018

Energy & Environment

Thursday, February 15, 2018