05.18.2016

Romania is experiencing no macroeconomic imbalances but there are financial risks linked to the high stock of net foreign liabilities, the vulnerabilities of the banking sector and the pro-cyclical more

05.08.2016

Banks should take quick steps to adopt modern technology as a new wave of small players, combining technology with financial services, is starting to attack the business of traditional financial more

05.03.2016

The financial crisis has triggered drastic changes on the real estate market, as half of apartments demand is currently for homes of up to EUR60,000, while in 2008, 70% of the buyers were interested more

05.03.2016

Gross financial assets of households in Romania stood at more than 500 billion lei (over EUR100 billion) last year, about one third of which, RON140 billion kept in bank deposits, Romania’s central more

04.22.2016

Romanian President Klaus Iohannis on Friday signed the decree for promulgating the law on ratifying the Multilateral Competent Authority Agreement for automatic exchange of financial account more

02.17.2016

Online store Cel.ro on Wednesday said it registered a turnover of nearly RON180 million (some EUR40 million) in 2015, up 25% on the year. more

10.14.2015

Romania’s Financial Supervisory Authority (ASF) on Wednesday decided to open financial recovery procedures for insurer Euroins Romania, in a move to improve the company’s financial situation, more

10.07.2015

Romania’s central bank believes there are about 10,000 sound companies, selected by profitability and investment criteria, which have a low indebtedness level and could sustain significant lending more

10.06.2015

International Finance Corporation (IFC), a member of the World Bank Group, has invested a total $450 million in projects in the Romanian financial sector between 2008-2015, representing half of the more

10.06.2015

Maintaining financial stability is not a fad and tax cuts would be otherwise canceled out by inflation, currency depreciation and arrears, Romanian central bank Governor Mugur Isarescu told a news more

09.14.2015

Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, will find a solution by yearend at the problems identified by Romania's Financial Supervisory Authority more

08.26.2015

Jon Garrison steeped down as financial head of cable TV and telecom operator UPC Romania and joined US group Liberty Global, the company’s owner, sources on the market told ZF. more

08.20.2015

The market capitalization of Romanian aluminum smelter Alro Slatina (ALR.RO), majority owned by Vimetco group, exceeded 1 billion lei on the Bucharest Stock Exchange, the growth being fueled by the more

08.14.2015

Dante International, managing Romania's largest online retailer eMAG, reported net losses of 58.3 million lei (EUR13.1 million) in 2014, eightfold higher than a year before, according to Trade more

08.11.2015

The Romanian financial leasing market rose 16% on the year to EUR769 million in the first half of 2015, backed by the financing of vehicles, which saw an 18% increase, and by the financing of building more

07.15.2015

The Bucharest Stock Exchange launched a program Wednesday, together with four brokerage firms, in a move to attract employees of large corporations among investors. more

06.18.2015

The financial cycle, which is still on a downward trend, should be resynchronized with the business cycle to trigger a higher economic prosperity by increasing the level of financial brokerage which more

05.28.2015

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

03.11.2015

Nearly three quarters of Romanians don't plan their personal finances and don't have any savings for retirement, emergencies, their children's education or a plan to pay off their bank debts, more

12.10.2014

The processing industry, financial services providers and hotels and restaurants are the fields planning to recruit the most in the first three months of next year, with employers set to boost the more

10.30.2014

Romanian lender Banca Transilvania (TLV.RO) Thursday reported a significant rise in net profit for the first nine months of the year, supported by higher operational revenue and cost control more

10.13.2014

The financial statement of insurer Astra Asigurari for 2013 carried out by special administrator KPMG Advisory, appointed by financial authority ASF, does not reflect the reality and is artificially more

09.12.2014

The financial recovery plan of insurer Carpatica Asig, targeting the return to profitability, requires funds injection of maximum EUR20 million, that will be covered via the share capital increase and more

07.23.2014

The World Bank/IFC, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) extended loans of around EUR400 million in the first year-half to Romania’s more

06.30.2014

The value of private lending, as share in the gross domestic product, has returned to 2007 levels in Romania, and is on the way for further declines. more