Loading page...

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

Subscribe|Login

Financial & Banking

AON Romania organizes the online event

Monday, May 8, 2023

  AON Romania, one of the global leaders in insurance brokerage, is organizing on May 10 the online event "Commercial Credit. Reality vs. Image". The webinar will bring together specialists in the financial and corporate environment to discuss the economic perspectives directly influencing the business environment and how companies can use the market context, data analysis, and the reality on the ground to adopt optimal business decisions. ...

BCR Group improves profitability despite moderate lending pace in Q1

Monday, May 8, 2023

Romanian financial group BCR, controlled by Austria’s Erste Bank Group, achieved a net profit of RON 562.7 mln (EUR 114.4 mln) in Q1 2023, up by 17.8% compared to the same quarter last year. Profitability ratios improved as both assets and equity advanced at slower rates.   The rise in earnings was driven by improved operating results underpinned by “strong loan growth,” BCR ...

Deputies' Chamber passes bill on increasing Romania's capital in the Development Bank of Council of Europe by 46,490,000EUR

Monday, May 8, 2023

230508110850Logo_CEB_2021_BLEU.jpg

The Chamber of Deputies passed on Wednesday the draft law regarding Romania's participation in the capital increase of the Development Bank of the Council of Europe."The increase in the capital held by Romania as a member of the Development Bank of the Council of Europe by 46,490,000 EUR is approved in accordance with the provisions of the Resolution of the Council of Governors No. 463/2022 "Regarding the increase of the Bank's capital," the draft ...

Monetary indicators - March 2023

Monday, May 1, 2023

According to the National Bank of Romania’s data, at end-March 2023, broad money (M3) amounted to RON 613,957.0 million, up 0.3 percent (down 0.7 percent in real ...

EIF and Patria Bank, first agreement in Romania under InvestEU Capacity Building Investment Product

Monday, May 1, 2023

The European Investment Fund (EIF) and Patria Bank signed the first agreement in Romania within the InvestEU Capacity Building Investment Product, the value of the loan contract being 5 million euros, according to a press release from the banks."In difficult times, it is often the smallest players in the economy who struggle the most. This new agreement between Patria Bank and EIF builds on our excellent long-term cooperation that began more than 10 years ...

Bucharest Court of Appeal rejects Euroins Romania request to suspend decision on withdrawal of authorization

Monday, May 1, 2023

  The Bucharest Court of Appeal rejected, on Thursday, as unfounded, the request of Euroins Romania to suspend the Decision by which the Financial Supervisory Authority (ASF) ordered the withdrawal of the operating authorization of the insurer, ASF (Financial Supervisory Authority) informs.The Council of the Financial Supervisory Authority decided, on March 17, 2023, to withdraw the operating authorization of the Euroins Romania ...

OTP Bank Romania grants RON 10 M to the toy distributor Viva Toys

Monday, May 1, 2023

230501110628otp_bank_romania__1_.jpg

OTP Bank Romania is granting 10 million lei in financing for the games and toys distributor Viva Toys for the purchase of an industrial platform in the commune of 1 Decembrie, Ilfov, which will triple the company’s logistics capacity.   The investment loan contracted by Viva Toys finances a transaction with a total value of 12.7 million lei, whereby it purchases a land with a total area of 6.3 ...

2022 record-breaking year for European Retail Banks’ income, Retail Banking Radar reveals

Monday, May 1, 2023

  Global consultancy Kearney has today released the fifteenth edition of its annual European Retail Banking Radar, ...

EBRD invests in Banca Transilvania’s first international bond issuance

Monday, May 1, 2023

The EBRD participated in BT’s first international bond under its Euro Medium-Term Note programme  First EBRD investment in international issuance of a bail-in-able Eurobond by a Romanian bank Investment to support the country’s green agenda and the resilience of ...

The listings uptrend carries on in the first quarter at the Bucharest Stock Exchange as the capital market goes up by 4 percent

Monday, May 1, 2023

Seven listings took place in the first quarter at the Bucharest Stock Exchange (BVB), for a total of EUR 428 million: there were 6 bond issues that totaled EUR 427 million and one equity issue of almost EUR 1 million. In the last 5 years, 156 rounds of financing involving either equities or bonds with a cumulative value of EUR 6.5 billion were carried out at the ...

Minutes of the monetary policy meeting of the National Bank of Romania Board on 4 April 2023

Monday, April 24, 2023

  Publishing date: 18 April 2023     The National Bank of Romania (BNR) Board members present at the meeting: Mugur ...

Romania to issue Samurai bonds, green bonds

Monday, April 24, 2023

On Thursday, the Romanian government approved the amending of the methodology for implementing an emergency ordinance regarding the public debt, introducing the possibility for the Ministry of Finance to issue Samurai bonds as well as green bonds,."The government decision amends and supplements the methodology for the application of Emergency Government Ordinance 64/2007 on public debt, as approved under Government Decision 1470/2007. The legislation on ...

Financial assets of public administration sector decrease to 24.1% of GDP, in Q4 2022

Monday, April 24, 2023

230424112914scadere_cifra_afcaceri_840x563.jpg

   The financial assets of the public administration sector decreased in the last quarter of 2022 by 1.8 percentage points, compared to the similar period of the previous year, reaching 24.1% of GDP, according to data published by the National Bank of Romania (BNR).This dynamic was mainly determined by the evolution of the financial instruments "Participants and shares/units of investment funds" and "Loans". Compared to the fourth quarter ...

Euroins Bankruptcy: The Bulgarian Group appeals the ASF decision in Court

Monday, April 24, 2023

Euroins Insurance Group (EIG) announced on Tuesday that it has started the legal procedure to suspend and cancel ...

XTB extends fractional share trading to Romania

Monday, April 24, 2023

Romanians will be able to invest in fractional shares, which are parts of shares in a company floated on international markets, with the minimum size of an order starting at 10 euros, according to XTB."This way, any Romanian, regardless of financial strength, will get access to investments on international stock exchanges. In addition, fractional shares offer investors an opportunity to diversify their portfolios, obtaining an optimal account balance. ...

The number of BVB transactions has increased by 9% in 2022

Monday, April 24, 2023

The total traded value on the regulated market and SMT (the multilateral system of trading) has surpassed the level of 24 billion lei in 2022, up by 11% as compared to 2021, while the number of transactions at the BVB has increased by 9%.According to a report of the Authority for Financial Supervision (ASF) approximately 97% of the total value of transactions took place on the regulated market of BVB, the rest being on ...

Catalin Vasile is the new Chief Sales Officer of NN Romania

Monday, April 24, 2023

NN Romania announces the appointment of Catalin Vasile as Chief Sales Officer starting May 2023. He takes over from Juan Canellas Balanza, who accepted the position of Head of Distribution International within NN Group, after five years in NN Romania’s management team.   Catalin has valuable knowledge in the financial services industry in Romania and extensive expertise ...

BNR Board decisions on monetary policy

Monday, April 10, 2023

In its meeting of 4 April 2023, the Board of the National Bank of Romania (BNR) decided:   to keep the monetary policy rate at 7.00 percent per annum; to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per ...

EBRD proposes resolution to Romanian insurance crisis

Monday, April 10, 2023

The European Bank for Reconstruction and Development (EBRD) is concerned by the unfolding crisis on Romania’s insurance market.   After due diligence, in October 2021, the EBRD invested a minority equity position in Euroins Insurance Group in Bulgaria (EIG), the parent of Euroins Romania Asigurare-Reasigurare SA (EIRO).  As a shareholder, the EBRD has engaged with the Board of EIG to further ...

Fourth quarter of 2022 : EU current account surplus €10.5 bn - €64.2 bn surplus for trade in services

Monday, April 10, 2023

2304101155474x3__1_.png

In the fourth quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €10.5 billion (0.3% of GDP), compared with a deficit of €80.4 billion (-2.0% of GDP) in the third quarter of 2022 and a surplus of €67.2 billion (+1.8% of GDP) in the fourth quarter of 2021, according to estimates released by Eurostat, the statistical office of the European ...

Premium News

Daily

Friday, December 1, 2023

Financial & Banking

Monday, November 27, 2023

Economic

Tuesday, November 28, 2023

Companies

Wednesday, November 29, 2023

Energy & Environment

Thursday, November 30, 2023