12.20.2017

The still moderate lending pace and a greater interest in savings have allowed Romanian households to remain the net creditor of the banks in the first nine months, as deposits were almost 42 billion more

11.24.2017

SC Telekom Romania Communications SA has been selected to implement RO ALERT, a text message system that would alert the population of major risks, the country's emergency situations inspectorate said more

10.04.2017

The European Commission on Wednesday launched plans to reboot the European Union's 25-year-old value-added tax system, aiming to improve and modernize the system for governments and businesses alike. more

09.22.2017

Almost three quarters of companies participating in a survey conducted by PwC Romania believe they need at least six months to implement the VAT split payment system and less 2% think they will be more

02.20.2017

Romania’s banking system posted 4.3 billion lei (EUR951.5 million) net profit in 2016, the second highest annual profit since the onset of the economic crisis. more

02.19.2017

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12.06.2016

Only 20% of Romanians trust banks, compared with approximately 55% of Albanians and 35% of Czechs, as per a new report of the World Bank released on Tuesday. more

11.23.2016

Banks in Romania posted 3.65 billion lei (about EUR810 million) net profit in January-September, 1.7 times higher than in the year-ago period. Their assets reached RONB378 billion in September, more

09.13.2016

Investing in new hospitals and replacing the old infrastructure in the healthcare system are the main measures that must be taken in order to rebuild patients’ confidence in the Romanian healthcare more

06.20.2016

Timisoara-based Lasting System, one of the largest distribution companies of IT&C products on the Romanian market, reported a turnover of RON128.7 million (EUR29 million) in 2015, up 26% against 2014, more

05.19.2016

Romanian eLearning company Ascendia and SAI Certinvest, the largest independent asset management company, have reached an agreement whereby Certinvest became minority shareholder of Ascendia. more

04.14.2016

The total number of active cars in Romania rose 21% between 2008 and 2014, to 4.9 million cars, but the hike was mostly triggered by used car imports, according to a study by PwC Romania. more

12.14.2015

Romanian state-owned power producer Hidroelectrica on Monday said it bought, through public auction, an Enterprise Resource Planning (ERP) system for EUR1.7 million. more

06.12.2015

The banking system posted 800 million lei (EUR179 million) profit in the first quarter and remained profitable in April, as well, Nicolae Cinteza, head of the Supervision Department of Romania’s more

06.08.2015

The bank-client relation is the weakest point in the Romanian and regional banking systems, thus, this should be fixed as soon as possible for the local economy to benefit from lending opportunities, more

06.08.2015

The lack of predictability is the main flaw of the Romanian banking system, Sergiu Oprescu, Alpha Bank CEO and president of Romanian Banking Association (ARB), told ZF Bankers Summit’15. more

05.05.2015

The local banking system could return to profit this year, with a return on equity estimated at 2.7% this year and 3.9% in 2016, as risk costs and non-performing loan rates will be lowered to 2.8% in more

03.31.2015

Romania’s banking system has enough liquidity but unevenly distributed, so that some lenders cannot access it and prefer to borrow from the central bank at weekly repo auctions, central bank more

02.11.2015

Banks in Romania registered a cumulated loss of RON8 billion during four of the last six years, as well as profit of RON0.9 billion and a net loss of RON7.1 billion during a two-year period, which more

10.31.2014

Romania’s banking system will suffer a major loss this year on banks’ move to remove bad loans from their portfolios, a process that is far from having concluded as BNR wants a NPL ratio similar more

09.30.2014

The European Bank for Reconstruction and Development (EBRD), the international financial institution with EUR6.8 billion worth of investments in Romania, is still interested in supporting the more

09.26.2014

Banks in Romania need to complete balance sheet cleanup and focus on resuming lending, to the end of generating new sources of profitability and sustainable growth. more

09.18.2014

Retailers need to invest more in IT systems to be able to use the information about consumers and other industries faster and more easily, so as to create more relevant offers for their customers, more

09.08.2014

Romania’s banking system posted an aggregated profit of 209 million lei (EUR47.5 million) in the first half, much lower than RON1.15 billion in the same period a year ago, as banks continued more

06.05.2014

Romanian banks have left the crisis behind, but moves to reduce paperwork and streamline operations with a view of slashing costs and luring new clients are still scarce and unevenly applied. more