02.13.2024

Romania's central bank has decided at its Board meeting on Tuesday (February 13, 2024) to keep its key interest rate unchanged at 7% a year, being the bank's ninth consecutive rate freeze. more

02.12.2024

Filip & Company team granted legal assistance to Banca Transilvania in the signing of documents for the acquisition of OTP Bank Romania, OTP Leasing and OTP Asset Management. more

02.09.2024

Romania’s banking system hit a record high profit of RON13.7 billion in 2023, up nearly 34% from 2022, in line with preliminary data from the country's central bank. more

02.09.2024

Banca Transilvania (BT.RO) has officially announced in a stock market report on Friday (Feb 9) the acquisition of OTP Bank Romania and of the leasing and asset management companies within OTP Romania more

02.08.2024

The factory by Raiffeisen Bank program, launched six years ago to support beginner entrepreneurs, has provided funds for more than 430 businesses, with the total financing value nearing EUR24 million, more

02.07.2024

The Board of Directors of the European Investment Bank (EIB) has approved EUR3.2 billion of new financing to support clean energy, transport, corporate research and development, and business more

02.06.2024

Italian group UniCredit for 2023 reported EUR286 net profit from Romania operations, up over 44% from 2022, amid rising lending and revenues. more

02.02.2024

Most Romanian homeowners (83% of those surveyed) say they have taken measures to improve the energy efficiency of their homes in the last three years, mainly by improving thermal insulation and by more

02.02.2024

Libra Internet Bank granted RON82.7 million funding to Glodeni Energy, part of the portfolio of DTEK Renewables International (DRI), a private energy investor of Ukraine, for the construction of green more

02.01.2024

Romania's foreign exchange reserves stood at EUR61.4 billion on January 31, 2024, compared to EUR59.7 billion on December 31, 2023, central bank data showed on Thursday (February 1). more

01.25.2024

In 2023, the European Investment Bank Group signed new financing contracts for close to EUR88 billion for high-impact projects in EU policy priorities, including climate action, sustainable more

01.22.2024

Romanian natural gas producer and supplier Romgaz (SNG.RO) on Monday (Jan.22) announced its shareholders in a stock market report that it opened a term deposit with state-run lender CEC Bank, in the more

01.18.2024

Alpha Bank Romania launched at the beginning of 2024 the identity verification function of the recipient of payments made through online banking by joining the Beneficiary Name Display Service (SANB), more

01.16.2024

The acquisition of Alpha Bank Romania is going well, the due diligence was fine and nothing to change the course of this deal was found, Teodora Petkova, UniCredit’s global head for Central and more

01.16.2024

Law firm Filip & Company has assisted Alpha Bank in completing the acquisition of retail activities of Orange Money Romania, the digital financial services provider of Orange Romania. more

01.15.2024

Alpha Bank completed the transfer of the operations of Orange Money Romania on January 12, that is the customer portfolio, the digital assets (mobile application), the credit card portfolio and the more

01.12.2024

The annual inflation rate posted a faster-than-expected decrease in the first two months of Q4/2023, falling to 6.72% in November, from 8.83% in September, amid the continued slowdown in the growth more

01.12.2024

Romania's central bank has decided at its board meeting on Friday (January 12, 2023) to keep its benchmark interest rate on hold at 7% a year, being the bank's eighth consecutive rate freeze. more

01.10.2024

The World Bank has revised its projection for Romania's economic growth downwards to 1.8% for 2023 and to 3.3% for 2024, respectively, according to January 2024 edition of the World Bank's Global more

01.10.2024

ING Bank Romania ended the first nine months of 2023 with total revenue of RON2.5 billion, up 18% year-over-year, and a net profit of RON1.17 billion, up 30% year-over-year, amid reduced risk more

01.09.2024

UniCredit Bank Romania has granted a EUR39.3 million loan to Comcris Energy SRL, a subsidiary of Vienna-based renewable energy generation company Energy, with the funds being destined to the more

01.09.2024

CEC Bank has granted a EUR8 million loan to Cerinvest Imobiliare SRL, the developer of shopping center Fashion House Outlet Pallady. more

01.09.2024

Romanian state-run aircraft maker Avioane Craiova (AVIO.RO) has called shareholders to decide on extending by six months the contracting of a credit facility under the form of a bank guarantee letter more

01.05.2024

Romania's Competition Council said it was analyzing the transaction through which Intesa Sanpaolo intends to acquire First Bank Romania from US-held private investment firm J.C. Flowers, as announced more

01.04.2024

Alpha Bank Romania signed in December 2023 a partnership with the European Investment Fund (EIF) for the implementation of financial instruments such as portfolio guarantees. more