25 mai 2015

The highest interest for a 12-month deposit currently stands at 3.4% and is offered by TBI Bank, a small player in Romania’s banking system. Second highest interest comes from Piraeus, 3.15%, more

9 apr 2015

Romanian cable maker Romcab got EUR25 million funding from the International Investment Bank, with the operation being handled by BAC Investment. more

16 mar 2015

Insurance brokerages in 2014 brokered premiums worth 4.56 billion lei, up 16.3% from 2013, accounting for over 56% of the total gross premiums underwritten on the insurance market, according to more

23 feb 2015

Agricultural insurance is one of the main segments presenting growth potential in the coming years, but Gothaer will further bank on the niche of products aimed at SMEs and will try to expand in the more

19 feb 2015

Foreign investors took out approximately EUR18 billion from Romania over the past 11 years, with repatriated dividends reaching almost EUR2.3 billion in 2013 alone. On the other hand, foreign more

30 ian 2015

Romania’s tax authority ANAF collected only 50.8 billion lei (EUR11.4 billion) in VAT last year even though it had expected RON54.6 billion. VAT revenue therefore dropped in 2014 for the first time more

27 ian 2015

Aegon Romania, the local unit of the Dutch insurer, in 2014 registered gross underwritten premiums of around RON50 million and had over 40,000 policies in its portfolio, up from 2013. The number of more

24 dec 2014

The mainly good news brought by the main macroeconomic indices in the second half of 2014 and the easing political tensions rebuilt analysts’ optimism after several months of plummeting confidence, more

12 nov 2014

Banks have the cash to step up lending, but the money does not reach the economy due to the lack of trust between entrepreneurs and bankers, partly because of the hundreds of thousands of insolvencies more

30 oct 2014

RON-denominated consumer loans stood at 23.6 billion lei in late September, up almost 2% or the equivalent of RON300 million from the year-earlier period. On the month, the stock of these loans added more

22 oct 2014

The volume of transactions on the Bucharest forex market dropped 7% in the first nine months to EUR284 billion or a daily average of EUR1.5 billion, as a result of the lack of foreign currency in the more

21 oct 2014

Checks and promissory notes worth 5.8 billion lei (EUR1.31 billion) bounced in the first nine months of the year because banks could not find enough cash in the accounts of companies for the payments more

7 oct 2014

Banks in Romania in the first eight months of this year sent 706,000 requests for information about potential clients to the Central Credit Registry (CRC), 1,450 requests less than in the same period more

7 oct 2014

Loans granted to companies and individuals by non-banking financial institutions (NBFI) included in the central bank's general registry were worth 21.7 billion lei (EUR4.9 billion) in mid-2014, around more

3 oct 2014

The banking sector received capital injections of about 12 billion lei (EUR2.7 billion) in 2008-2013, as 28 local banks analyzed by ZF had almost RON25 billion share capital in December last year, more

26 sep 2014

Analysts’ confidence in the economy weakened further as Romania entered technical recession and amid local political tensions, with both the perception about current conditions and expectations more