Loading page...

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


Financial & Banking

Should taxes go up or down in 2020?

Monday, February 10, 2020

When it comes to the relationship with the state, entrepreneurs and managers of Romanian companies fall into two groups: those who want a stronger government and are waiting for it to intervene and solve their problems, and those who want to be left alone. This cleavage seems stronger at the beginning of 2020 in terms of expectations regarding taxes in the new year. The business environment’s views at the end of last year and in the beginning of ...

Top priorities for 2020: digitisation and a more efficient tax collection process

Monday, February 10, 2020

According to Daniel Anghel, partner and leader of fiscal and legal services at PwC Romania, Romania needs to simplify its tax payment process through digitisation. “The ANAF IT systems have become overburdened and are affecting the entire process of tax collection, both from the budget perspective as well as for the taxpayers, who bear a greater administrative burden.” After more than two years with many unexpected changes in taxation, what ...

STUDY: 2 out of 5 Romanians prefer to save for the purchase of a home

Monday, February 10, 2020


Saving to buy a house is just one of several burdens placed upon household finances today, says the ING International Survey “Saving priorities reflect ownership challenge”, which asked respondents on whether they prioritise saving for five specific goals, over saving to buy a home. 15,000 people in 15 countries were surveyed. The results show the percentage of non-owners currently renting or living with friends or family, and therefore who ...

The outlook for FDI in Romania in 2020

Monday, February 10, 2020

Against the backdrop of declining global demand, ongoing trade tensions and significantly reduced growth in the Eurozone, the forecast for the evolution of foreign investments is optimistic in 2020. EU membership, fairly good international relations, low public debt, a competitive industrial sector and an adequate business environment are positive things to be considered by investors, but what to expect for FDI in Romania in 2020? An important question ...

Venture funds, in 2020

Monday, February 10, 2020

The Romanian venture capital scene did well in the second half of 2019, with 22 investment rounds amounting to EUR 25 million. It seems like a good evolution compared with the January – July 2019 period, which saw around 25 investment rounds with about EUR 15 million invested in total, according to Activize estimations. After years of constant growth, 2019 set a new milestone in the development of the Romanian tech startup ecosystem. It is ...

MFP: 2019 budgetary deficit at 4.6% of GDP

Monday, February 3, 2020

Romania’s budgetary deficit in 2019 was recorded at 4.6% of GDP, the highest figure in the last 9 years, according to data from the Ministry of Public Finance (MFP). The figure stands at 0.2% above the predictions in last year’s budget amendment. The difference comes from two unexpected events which occurred at the end of last year, the debt settlement to the Micula brothers (LEI 0.9 billion) and lower equities from state-owned companies ...

Minister says Romania has no option but become part of Euro zone

Monday, February 3, 2020

 Finance minister Florin Citu says Romania's goal to enter the "Euro waiting room" in 2024 was an "ambitious one". But he said, in an interview with Digi24 news channel on Monday evening, that "not joining the Euro zone is not an option for Romania".The Liberal minister said that for the three years under the previous Social Democratic (PSD) government all macro deficits have deteriorated. So, he said, the goal of joining the Exchange Rate Mechanism II (ERM ...

Citu: EximBank-Banca Romaneasca merger not approved by Finance Ministry yet

Monday, February 3, 2020

The merger between EximBank and Banca Romaneasca has not been approved by the Ministry of Public Finance, finance minister Florin Citu declared on Tuesday, mentioning that it is difficult to be done. “There are many things to discuss as this merger between a state bank which did not have activity in the retail market  and a retail bank which has acted in the Romanian market in past years is complicated and experience is needed,” said ...

IFC provides USD 16 mln financing to Romanian Banca Transilvania subsidiary

Monday, February 3, 2020


IFC, a member of the World Bank Group, will provide a USD 16 million financing to BT Mic, a subsidiary of the largest Romanian lender – Banca Transilvania – that specializes in loans to micro and small enterprises. The financing is mainly aimed at improving the financial inclusion of women-owned small businesses in Romania. “IFC’s support will enable BT Mic to provide much-needed financing for start-ups ...

Intesa competes with OTP for Garanti’s Romanian subsidiary

Monday, February 3, 2020

OTP Bank of Hungary and Italian group Intesa Sanpaolo Bank have submitted indicative offers of similar values for the acquisition of Garanti Bank Romania, ...

Deloitte Survey : Private Equity Confidence at seven-year low as economy faces uncertainty

Monday, February 3, 2020

Central Europe’s private equity (PE) markets may be slowing down, according to the latest Deloitte Central Europe Private Equity Confidence Survey, as nearly half of respondents (46%) expect ...

Horizon Capital returns as shareholder in Romanian-Moldovan winemaker Purcari

Monday, February 3, 2020

Horizon Capital, a leading private equity firm in the region, announced on January 29 that its USD 200 million Emerging Europe Growth Fund III (EEGF III) has bought a 6.8% stake in Romanian-Moldovan wine producer Purcari, listed on the Bucharest Stock Exchange. The fund paid USD 7.0 million for the stake. Horizon Capital became the majority shareholder of Purcari Wineries in 2010, when it took over 64% of the companys’ shares through Emerging ...

Raiffeisen Bank launches EUR 5 mln program to finance 100 startups in Romania

Monday, February 3, 2020

Raiffeisen Bank Romania launched on January 28 the third edition of its factory by Raiffeisen Bank program aimed at financing local startups. The bank aims to finance over 100 projects this year with up to EUR 50,000. The financing consists of preferential loans for a period of up to 60 months. The startups selected for financing will pay an interest rate of 3% over the 1-month interbank rate (ROBOR – currently some 3%) ...

CSALB: Negotiations between customers and banks brought in profits of 2.67 million euros

Monday, February 3, 2020


Negotiations conducted by the Centre of Alternative Dispute Resolutions in the Banking Sector (Centrul de Solu?ionare Alternativ? a Litigiilor în domeniul Bancar – CSALB), brought in EUR 2.67 million to consumers and the whole banking system in Romania between 2016 and 2019. Almost half the amount, EUR 1.25 million, is represented by the decrease of payment efforts in 2019. With the rise of benefits obtained through conciliation, the number ...

The impact of Brexit on Romanian economy

Monday, February 3, 2020

Britain's exit from the European Union will have a small effect on the Romanian economy, as the UK is the Eastern European country's ninth biggest trade partner and came last among the ten biggest foreign direct investors in the country in 2018, according to an analysis by KeysFin consulting company, quoted ...

Economy minister sees EBRD involved in listing of Romanian energy major Hidroelectrica

Monday, February 3, 2020

Romania's Economy minister Virgil Popescu said in an interview with HotNews.ro on Thursday that works was underway for the listing of major energy company Hidroelectrica. He said his government wanted to list it on the exchange this year.A procedure was not yet clear in this regard, nor is the stock considered for listing, but the maximum threshold is 20%."Today (Thursday) I had talks with the EBRD. Next week I'll have more in-depth talks. I'm ...

The Romanian stock market goes up by 35 percent in 2019

Monday, January 27, 2020


The BET index, which includes the most-traded 16 companies listed on the Romanian stock exchange, except for the Financial Investment Companies, went up by 35% in 2019. It is the largest yearly growth rate in the last decade posted by the Romanian stock market and the second increase rate in 2019 among EU capital markets. Accounting for dividends, the market spiked up by 47%, the Bucharest Stock Exchange (BVB) announced on ...

2020: When Economic Prudence Will Lead to Improved Performance

Monday, January 27, 2020

* 2020 Outlook on Romania By Johan Meyer, CEO Franklin Templeton Investments Bucharest Branch and Portfolio Manager of Fondul Proprietatea Thirty years after the fall of the communist regime, Romania seems to be well anchored in European values and on a clear path of economic development. Even if certain problems linger with respect to the latter issue, Romania has the opportunity to start the new ...

Survey : Two out of three Romanians do not save regularly

Monday, January 27, 2020


Only 34% of the Romanians save regularly a part of the income, according to a survey made by ISRA Center at the end of 2019 for the Association for Privately Managed Pensions of Romania (APAPR). A similar survey, made in 2018 by the same company, showed that 45% of the people saved regularly from the income. ‘Despite the increase of recent salaries, fewer Romanians manage to save’ the author of the research say. The survey was made between 23 October – 18 ...

Isarescu: the National Bank of Romania, we say, is 16th in the world as setting up of central bank

Monday, January 27, 2020

The National Bank of Romania is 16th in the world in the order of central banks setting up, which proves that the Romanian state has a consistent institutional history, stated on Wednesday the governor of the National Bank of Romania, Mugur Isarescu at a debate about the work’ The Future of central banks. The symposium of the three centuries of the Bank of England’.‘The National Bank of Romania, we say, is 16th in the world as order of setting up ...

Premium News


Thursday, July 2, 2020

Financial & Banking

Monday, June 29, 2020


Tuesday, June 30, 2020


Wednesday, July 1, 2020

Energy & Environment

Thursday, July 2, 2020