Loading page...

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


Financial & Banking

Banca Transilvania Financial Group, 656 million RON net profit in Q1

Monday, May 10, 2021

The Banca Transilvania Financial Group obtained a consolidated net profit of 656.33 million RON in the first quarter of 2021, the profit of the bank being of 581.26 million RON, according to a release of the bank.The assets of the Banca Transilvania Financial Group reached, at the end of the first quarter, 110.9 million RON, while credits rose to 43.09 billion RON. The deposits of customers reached 93.19 billion RON, of which 64.22 billion RON are individuals' ...

Finance Ministry schedules loans worth RON 4.71 billion in May 2021

Monday, May 10, 2021

The Ministry of Public Finance (MFP) planned, in May 2021, loans from commercial banks worth RON 4.2 billion, of which RON 800 million through an issue of discounted treasury certificates and RON 3.4 billion through seven government bond issues.To these can be added the amount of RON 510 million through additional sessions of non-competitive offers, related to bond auctions.The total amount, of RON 4.71 billion, is RON 185 million more than the one ...

Innova Capital acquires Romania’s PayPoint with EBRD backing

Monday, May 10, 2021

EBRD provides acquisition finance to help grow a leading payments provider in Romania Fresh boost for digitalisation as PayPoint set to expand Romanian digital services Romania progressively evolving into a cash-free ...

NN pension funds reach 15% stake in RO medical services provider MedLife

Monday, May 10, 2021

The three private pension funds managed by the Dutch group NN in Romania have increased their combined holding in local medical services provider MedLife (M) to 15.04%, according to a notification sent to the Bucharest Stock Exchange (BVB). NN previously held 10.19% of MedLife, according to a similar report from March 2020.   The NN pension funds thus consolidated ...

Bucharest Stock Exchange starts the 4th edition of Made in Romania

Monday, April 26, 2021

Bucharest Stock Exchange (BVB) kicks off the 4th edition of Made in Romania, BVB’s program dedicated to Romanian entrepreneurial companies The nomination period of the companies that will be part of the Made in Romania 2021 edition starts today, April 22, and is open until June 30 The program platform, ...

Moody’s: Romania, one of the main winners of the increase of the EU financing for the CEE region

Monday, April 26, 2021

The increase of financing from the EU available for the governments in the Central and Eastern Europe  will stimulate the growth of the GDP but the challenges for implementation will limit the gains in some countries, considers the rating agency Moody’s Investors Service in a report published on Tuesday. ‘An increase of financing from the EU will accelerate the economic growth in the CEE and the fiscal ...

BSTDB Helps Improve Bulgarian Airport Infrastructure

Monday, April 26, 2021

The Black Sea Trade and Development Bank (BSTDB) together with a group of international development institutions and commercial banks, is supporting the concession and the capital expenditure programme of Sofia airport. The Bank’s committed amount of EUR 73 million is part of a EUR 240 million loan provided to SOF Connect AD, a special-purpose vehicle majority owned by Meridiam Eastern Europe Investments ...

Deloitte : Tax Administration Agency digitalization, only solution to beef up budget revenues

Monday, April 26, 2021

 The digitalization of the National Tax Administration Agency (ANAF) remains the only solution to beef up revenues to the state budget, in conditions where this year the increase in taxes is out of the question and the facilities granted by the state are clearly defined, believes Vlad Boeriu, coordinating partner of Tax and Legal Services, Deloitte Romania."Given that this year's tax increase is out of the question and the facilities granted by the state are ...

Assets held by Pillar II and Pillar III pension funds top 80 bln lei

Monday, April 26, 2021

The assets managed by Pillar II and Pillar III pension funds topped 80 billion lei, while the annual contributions are in excess of 10 billion lei, according to data presented on Tuesday in a specialist video conference by vice-president of the Association of Romania's Privately-managed Pension Funds (APAPR) Andreea Pipernea."The assets held by Pillar II and Pillar III pension funds have exceeded 80 billion lei, and the figure is constantly growing. Annual ...

Cristian Popa (BNR): 7 million Romanians waiting to invest billions of Euro in state listings

Monday, April 26, 2021

The argument "we are not selling this country for peanuts" will not hold, because we can actually buy it ourselves, there are 7 million Romanians who are waiting to invest billions of Euro in these state listings and here I am referring to the private pension funds, said, on Tuesday, in a specialty video-conference, Cristian Popa, Board member of the National Bank of Romania (BNR)."The stock market is the barometer of the economy. The fact that stock indexes are ...

IFC finances with 72 million euros construction of eco-friendly office compound at Palas Campus Iasi

Monday, April 26, 2021


 IFC, member of the World Bank Group, provides Palas Campus Iasi funding of approximately 72 million euros for the construction and operation of an energy-efficient office building, which will be used by companies in the IT&C field, IFC announced in a press release sent on last Tuesday.This is the first green loan granted by IFC to a Romanian company based in Romania. Iulius Holding is a local developer of real estate projects with multiple purposes, ...

Bucharest Stock Exchange launches new platform with research reports on listed companies

Monday, April 26, 2021

Bucharest Stock Exchange (BVB) has launched BVB Research Hub, an online platform that gathers essential information about Bucharest-listed companies from various sources. The platform aims to increase the visibility of listed ...

Romanian Association of Banks becomes OECD/INFE affiliated member

Monday, April 26, 2021

 The Romanian Association of Banks (ARB) has become an affiliated member of the Organization for Economic Cooperation and Development - International Network on Financial Education (OCDE/INFE), starting in April 2021, according to a press release sent last week.OECD/INFE affiliated ...

Mugur Isarescu, NBR Governor: Speech at Regional Economic Outlook: Europe - IMF meeting

Monday, April 19, 2021


Let me commend the European Department Director Alfred Kammer and the former mission chief for Romania, Jaewoo Lee, now in a new position – not only for this Regional Economic Outlook, but also for their trusted cooperation, helpful policy advice and open communication.   A few facts about the macroeconomic situation in ...

Bucuresti Stock Exchange: the regulated market of the stock exchange had total tradings of 4.66 billion lei in the Q1

Monday, April 19, 2021

The total value of tradings with all types of financial instruments increased by 30.4% in the first three months of this year against the similar period of last year, and on the Regulated Market of the Stock Exchange Bucuresti (BVB) there were total tradings of 4.66 billion lei. The Stock Exchange announced on Monday that the BET and BET-TR indicators are at historic maximum and increased over the last year by 50% and the capital market  could become ...

Press release on the National Bank of Romania’s position concerning virtual currencies

Monday, April 19, 2021


The National Bank of Romania takes note of the ongoing increase in general public’s interest in virtual currencies1 (also known as crypto-assets) and draws attention that, in its opinion, ...

Balance of payments and external debt – February 2021

Monday, April 19, 2021

In January - February 2021p, the balance-of-payments current account posted a deficit of EUR 1,627 million, compared with EUR 431 million in the same year-ago period. The breakdown shows that the deficit on trade in goods widened by EUR 485 million, the surplus on services increased by EUR 265 million, the primary income surplus narrowed by EUR 463 million and the secondary income balance recorded a deficit of EUR 358 million, compared with a surplus of EUR ...

Inflation eases slightly to just over 3% in March

Monday, April 19, 2021

Romania's annual inflation rate slightly eased in March to 3.05% from 3.16% in February, the National Statistics Institute (INS) announced.   The higher electricity price (+17% year-on-year) accounted for 0.78 pp of the annual inflation.   The prices of non-food goods (electricity included) rose by 4.3% in February compared to the same ...

Moody’s upgrades by two notches Alpha Bank’s mortgage covered bonds

Monday, April 19, 2021

International rating agency Moody's has upgraded by two notches to A3 the rating of the EUR 200 million covered bonds issued by Alpha Bank Romania. This places the bonds in the category of "upper-medium grade and low credit risk" up from "medium grade, with some speculative elements and moderate credit risk" previously.   "Based on further analysis of the legal ...

Bitcoin Romania setting to get 250,000 users by end-2021

Monday, April 19, 2021

Bitcoin Romania, the largest cryptocurrency trading platform in the country, has set to get 250,000 customers by the end of 2021, 50,000 more than its current base.According to a press statement released on Tuesday, the company plans to reach a network of 300 ATMs in 2021 and to address the NGO segment through a pilot programme to be carried out during the COVID-19 pandemic.One of Bitcoin's most important partnerships is with Auchan, with the two ...

Premium News


Friday, October 15, 2021

Financial & Banking

Monday, October 11, 2021


Tuesday, October 12, 2021


Wednesday, October 13, 2021

Energy & Environment

Thursday, October 14, 2021