04.27.2017

One in three Europeans (34%) would go completely cash-free, while 38% of Romanians would do the same if given the option, according to ING International Survey - Mobile Banking 2017 Cashless Society. more

10.12.2016

Metro Cash & Carry Romania ended the first half with a little more than 2 billion lei (EUR446 million) revenue, up 2.3% compared with the year-ago period. This is the highest growth of the company in more

09.19.2016

The cash in circulation totaled RON51.7 billion in the first seven months of 2016, increasing by approximately 20% versus the year-earlier period, according to central bank data. more

08.25.2016

The five largest publicly listed energy companies that are either state-run or in which the government still holds a significant stake had 4.39 billion lei (EUR984 million) cash in their accounts at more

06.08.2016

French executive Gilles Roudy, who has an over 35-year experience in the retail business, is leaving his position at the helm of Metro Cash&Carry two and a half years after taking it. more

05.16.2016

Traders with annual sales of minimum EUR10,000 will be forced to have POSs and accept card payment as of May 20, when the cash back law comes into force. more

12.15.2015

Cyprus-registered Zareba Holdings Limited, owned by businessman Ion Tiriac, sold its 15% stake in Metro Cash&Carry Romania to German group Metro, so that Metro currently owns a 100% stake in the more

11.04.2015

BCR, BRD and CEC Bank are the top three banks in Romania by size of ATM networks, accounting for 40% of the total number of such machines in the country. more

10.15.2015

Metro Cash&Carry and Selgros, two of the largest companies in Romania by revenue (EUR1 billion and EUR635 million), are about to end the fourth year without any new stores. more

09.25.2015

Three of the richest energy companies either state-owned or in which the government owns significant stake have about 7 billion lei (EUR1.6 billion) in their accounts. more

09.03.2015

Astra Asigurari, a company the Financial Supervisory Authority (ASF) decided had no solution for other than bankruptcy, only has 3.5 million lei (almost EUR790,000) in its accounts compared with RON20 more

08.04.2015

Romania’s cash-ins from value-added tax VAT was up 15.5% in January to July, at 34 billion lei, after the VAT rate was lowered to 9% on food as of June 1st, according to the Tax Authority ANAF. more

06.16.2015

Germany’s Metro Cash&Carry, which operates a network of 31 stores in Romania, posted its first losses in a decade, 1.26 million lei (EUR0.3 million), last year. Profit during the boom years was as more

06.03.2015

The largest companies listed on the Bucharest Stock Exchange amassed a combined cash and equivalents of over RON15 billion (nearly EUR3.4 billion) at the end of March, as they lack investment programs more

05.28.2015

Romanian lender Banca Comerciala Romana (BCR) will provide cash management and trade finance services to oil and gas company OMV Petrom (SNP.RO) starting this year, the lender said in a statement more

05.27.2015

The sales of the 19 cash&carry stores in the Selgros chain dropped to less than 3 billion lei (EUR672 million) last year for the first time during the crisis. more

05.19.2015

billion) from cash dispensers in January-March, while payments at merchants made with the 11 million active cards amounted to RON7.8 billion, an 18% increase on the year-ago period. more

04.30.2015

German-held Metro Cash&Carry, the trailblazer of modern retail in Romania, ended last year with EUR906 million in sales, the lowest in a decade, despite expanding the network from 23 to 32 stores. more

03.20.2015

Metro Cash&Carry, a business of 31 stores and revenue of around EUR910 million in Romania in 2014, has almost exclusively “made in Romania” products on the shelves of its fresh meat and wine more

02.26.2015

The cash in circulation reached an all-time high of 41 billion lei (more than EUR9 billion) last month, an increase of 16% on the same time last year. The growth in January alone stood at 2% or RON750 more

02.20.2015

Owners of cards issued by local banks in 2014 operated payments at retailers abroad worth 6.7 billion lei (EUR1.5 billion), up one fifth against 2013, according with BNR data. more

02.18.2015

Owners of cards issued by local banks in 2014 operated payments at retailers worth 30 billion lei (EUR6.7 billion), up 16% from 2013, according with BNR. However, cash withdrawals from ATMs are still more

01.28.2015

The completion of natural gas market deregulation is likely to leave Romgaz without one of the “engines” that brought it record high profit after the first nine months of 2014: gas price more

12.22.2014

Over half of Romanian small and medium-sized enterprises (SMEs) face cash flow management issues while 60%of them face difficulties in keeping record of finance although 1 of 2 entrepreneurs want to more

12.19.2014

Metro Cash&Carry Romania registered 7% lower sales, of EUR909 million (RON4.04 billion), in the 2013/2014 fiscal year (October 2013- September 2014), during which it slashed staff numbers by some 400, more