09.01.2023

Chimcomplex (CRC.RO), the leading producer and supplier of vital chemical substances in the region, has summoned its shareholders on October 3, 2023 to approve a decision to contract a multi-option more

08.24.2023

Orange, leader of Romania’s telecom market, has announced it reached an agreement regarding the transfer of Orange Money retail business of Romania to Alpha Bank Romania. more

08.23.2023

Italy’s Intesa Group, which owns a bank in Romania, is in talks to buy First Bank, competing with Vista Bank over it, banking sources say. more

08.22.2023

The sale of OTP Bank Romania is going ahead, and in Bucharest these days there are "management presentations" between OTP and the three banks it is in talks with. more

08.18.2023

Italian Group UniCredit for the first half of 2023 reported net consolidated profit of RON663.8 million from Romania operations, around 64% higher than the consolidated gain of 1H/2022. more

08.16.2023

Libra Internet Bank, a member of U.S. investment group New Century Holdings, ended the first half of 2023 with a net profit of RON160 million, up 46% on the year, and revenue of RON340 million, up 42% more

08.09.2023

tbi bank makes CASH Zero, a lending solution which offers fast access to financing of maximum RON15,000 and a grace period of 4 months on interest rate payment, accessible to Romanians both in the more

08.09.2023

Alpha Bank reported a 10% increase in its loan portfolio in Romania in the first half of 2023, up to EUR3.02 billion net exposure, while customer deposits amounted to EUR3.04 billion, up 13.6% on the more

08.07.2023

Romania's central bank has decided at its board meeting on Monday (August 7, 2023) to keep its benchmark interest rate on hold at 7% a year. more

08.02.2023

Law firm Filip & Company has assisted RCS & RDS and the subsidiary DIGI Spain Telecom S.L.U in contracting a term loan in the amount of EUR100 million, over a four-year period; ING Bank N.V. and Banco more

08.01.2023

Romania's foreign exchange reserves stood at EUR53.9 billion in July 2023, higher by EUR519 million versus June 2023, central bank data showed on Tuesday (August 1). more

08.01.2023

tbi bank, one of the most dynamic banks in Southeast Europe, is expanding its partnership with electronics retailer Flanco, which started in 2018, by integrating a Buy Now Pay Later payment solution more

08.01.2023

Raiffeisen Bank Romania ended the first half of 2023 with RON874 million profit, against RON602 million in the year-earlier period, while banking assets topped RON66 billion, up 10%. more

07.27.2023

Raiffeisen Bank has announced in a stock market report on Thursday (July 27) that Ana Maria Mihaescu submitted her resignation from the position of independent member of the Supervisory Board, more

07.27.2023

Romanian state-owned lender CEC Bank announced that it completed the acquisition of a 99.993% ownership stake in the Rural Credit Guarantee Fund (FGCR) from BRD Groupe Societe Generale, Banca more

07.27.2023

AQUILA Part Prod Com (AQ), market leader in integrated distribution and logistics services in Romania and the Republic of Moldova, will benefit from Market Maker services provided by Raiffeisen Bank more

07.25.2023

Deloitte Romania has assisted RetuRO, the company set up according to the current legislation with the purpose of managing the Deposit-Return System, considered Romania's most important circular more

07.25.2023

UniCredit Bank is introducing in its portfolio a lending solution for micro-enterprises in Romania with a turnover of maximum EUR1 million. more

07.24.2023

Private lending in Romania grew 6.4% in nominal terms (-3.5% in real terms) in June 2023 versus June 2022 to RON375 billion, central bank data showed on Monday (July 24). more

07.20.2023

Romania's Finance Ministry raised RON603 million from banks on Thursday, July 20, selling government paper in two auctions, at annual average yields of 6.50% and 6.22%. more

07.18.2023

World Bank placed Romania among high income countries in 2022, i.e., those with an average income per capita of more than $13,846, along with other 82 countries and territories. more

07.18.2023

Agroserv Mariuta, a Romanian farming company that owns Laptaria cu Caimac brand, has contracted a EUR9.5 million loan from CEC Bank, structured on the medium and long term, for the refinancing of the more

07.14.2023

tbi bank continues to diversify the network of partners with the signing of an agreement with ReGeneration Academy, one of the best-known personal counseling clinics in Romania, whereby it offers more

07.14.2023

Romania's current account balance posted a deficit of EUR8.27 billion in January-May 2023, lower by EUR1.66 billion (-16.7%) than the EUR9.93 billion level reported in the same period of 2022, central more

07.13.2023

Razvan Filcescu has been officially approved by Romania’s central bank to take over the role of Vice-President responsible for coordinating all business activities of First Bank. more