28 mai 2015

The increase of disposable income and developments of the labor market will fuel the private consumption, the main driver of Romania’s economic growth projected at 3% for 2015, according to the more

28 mai 2015

Romania’s financial market is unbalanced, as banks massively dominate with more than 80% of the total financial assets, according to central bank governor Mugur Isarescu, who said banks are not more

27 mai 2015

The Financial Supervisory Authority has approved the plan for a capital raise of nearly RON525 million for insurer Astra Asigurari, to RON682.7 million, as proposed by special administrator KPMG more

27 mai 2015

Romanian private lending extended its decline in April, falling 0.3% in real terms against the previous month, after a similar decrease in March, central bank data showed Wednesday. more

26 mai 2015

Any legislative act that will allow debtors to repay their loans with the mortgaged properties will totally inhibit lending, said Mugur Isarescu, governor of the Romanian central bank. more

26 mai 2015

Romania’s consolidated budget posted surplus of 5.96 billion lei (EUR1.35 billion) in the first four months of the year, compared with a RON1.88 billion deficit in the same period of 2014, Finance more

26 mai 2015

Romania’s central bank has not jumped the quantitative easing bandwagon, but it increased the market liquidity by cutting the minimum reserve requirement ratios, according to governor Mugur more

26 mai 2015

Romania’s central bank governor said he wanted the country to borrow less from the International Monetary Fund back in 2009, but the 20 billion-euro bailout package provided enough cushion against more

26 mai 2015

Customers that place their money in bank deposits should rather look at the real interest rate, which currently is higher than a few years ago, central bank governor Mugur Isarescu said Tuesday. more

25 mai 2015

Leszek Balcerowicz, 68, the author of the shock therapy in Poland in the 90s, says that the only solution for the development of Romania is to encourage entrepreneurship, especially for small more

25 mai 2015

Romania’s Finance Ministry Monday sold a planned 400 million lei (EUR90 million) in 6-month treasury bills, at an annual average yield of 1.26%. more

25 mai 2015

The entire Romanian top-management of pesticide producer Alcedo, one of the largest players on the local agri-business market, will move in-corpore to another international company present on the more

21 mai 2015

Both Russia and Ukraine are in recession after the first-quarter GDP readings, while most of Europe is now recovering, Euler Hermes noted in this week's Export Risk Outlook report. more

21 mai 2015

Romania’s Finance Ministry on Thursday raised a planned 400 million lei (EUR91 million) in a reopening of a seven-year bond due April 2020, while the average yield rose to 2.75%. more

21 mai 2015

Romania’s leading oil and gas producer OMV Petrom (SNP.RO) contracted a multi-currency credit line of 1 billion euros from a syndicate of 17 banks, the company said Thursday. more

20 mai 2015

The International Monetary Fund helped Romania develop a mix of “consistent” policies, working as an aggregator between different institutions, central bank governor Mugur Isarescu said Wednesday. more

20 mai 2015

AFI Europe Romania had net operating revenue of nearly EUR9 million in the first quarter, 8.1% higher than in the first quarter of 2014, mainly driven by its two new office buildings in Bucharest, AFI more

20 mai 2015

Prime Minister Victor Ponta has forwarded President Klaus Iohannis a proposition to appoint Sevil Shhaideh minister of regional development and public administration, replacing Liviu Dragnea, who more

19 mai 2015

BCR and IFC, a member of the World Bank Group, have teamed up to expand the availability of trade finance for importers and exporters in Romania to help spur economic growth and create jobs, the two more

18 mai 2015

Romania’s Finance Ministry Monday sold a planned 400 million lei (EUR90 million) in 12-month treasury bills, with the average yield falling to 1.39%. more

18 mai 2015

BCR Leasing posted a net profit of RON6.3 million in the first quarter, from RON700,000 in the same period last year, and sales rose 66%, company general manager Bogdan Speteanu said Monday. more

18 mai 2015

Romania’s leading oil and gas company OMV Petrom (SNP.RO) Monday reported a 68% drop in its net profit for the first quarter, as sales were impacted by lower oil prices. more

17 mai 2015

Romanian pharmaceutical company Ropharma (RPH.RO) posted a 15% rise in its first-quarter net profit, fueled by a similar increase in operating income. more

17 mai 2015

Zentiva Bucharest (SCD.RO), a unit of France’s pharmaceutical group Sanofi, reported net profit of 12 million lei (EUR2.7 million) for the first quarter of 2015, down 15.5% compared with RON14.2 more

17 mai 2015

Romanian medicine producer Biofarm (BIO.RO) reported a net profit of 13.6 million lei (EUR3 million) for the first quarter, up 37.3% from the year earlier period, on higher sales. more