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

06.04.2014

The banking system’s profitability figures were deeply corrected downwards from the initial amount reported by the Romanian central bank in the wake of moves by some auditors to revise the figures more

05.30.2014

Integrating the renewable energy into the national power grid is a challenge for the entire system, not only for Romania’s power grid operator Transelectrica (TEL.RO), Carmen Neagu, more

04.24.2014

The local unit of Israeli group Bank Leumi generated in 2013 net profit of just 2.1 million lei (EUR0.47 million), six times below the 2012 level, and significantly lower than the forecast. more

03.06.2014

The banking market is coping with declines, and even the largest players are unable to find ways to grow. However, not less than 20 banks are still operating with market shares of below 1%. Some more

03.05.2014

Parent banks last year withdrew 70% of funding with maturity of less than one year granted to domestic subsidiaries, namely EUR3.3 billion, marking a speeding up of the deleveraging process. more

01.21.2014

Romania’s banking system probably ended 2013 in the black after having posted cumulated net profit of 1.73 billion lei (EUR381 million) in January-November compared with a RON2.3 billion loss in more

12.05.2013

The Romanian banking system will likely turn to profit in 2013, despite a substantial rise in loan-loss provisioning estimated during the last two months of the year, a central bank official said more

12.05.2013

ING Bank Romania will launch the Voice Biometrics service this month, which is a first on the local market. more

11.28.2013

Romania needs to rethink its public heating system, which has not seen any major changes over the past 23 years, an official of the country’s energy regulator ANRE said Thursday. more

10.14.2013

Romania’s Environment Ministry will organize an auction of December 12 seeking to buy an IT system for the EU-funded operational program for environment, aiming to improve fund management and more

09.23.2013

Romania’s healthcare system needs more investments and increased efficiency, Pascal Prigent, general manager of GlaxoSmithKline (GSK) Romania, said Monday. more

08.13.2013

The banking sector ended the first six months of this year in the black, with the overall net profit amounting to 1.15 billion lei, according to data from central bank BNR. This comes after a loss of more

08.02.2013

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06.20.2013

Transilvania Leasing IFN Brasov has received approval to be listed on the Bucharest bourse’s alternative trading system and becomes the second Romanian firm present on this segment. more

06.13.2013

The Romanian banking system is overpopulated, but it has managed to successfully absorb major shocks during the economic crisis, Alpha Bank president Sergiu Oprescu said Thursday. more

06.12.2013

Romania has a strong and stable banking system, but it is rather oversized compared with the number of the active population, said Anthony Hassiotis, chief executive of Bancpost and of the local more

04.02.2013

Romania's energy system must be reorganized as a result of the market liberalization and the splitup of companies on types of resources, minister in charge Constantin Nita said Tuesday. more

12.14.2012

The most often used expression at the Meet the CEO event whose guest was Henk Paardekooper, head of RBS Romania, was “to be rebuilt” and various synonyms thereof – reinventing careers, more

11.02.2012

Investigations run by Romanian organized crime prosecutors in the EUR22 million bank fraud case target no more than 0.08% of the bank system, not 80%, as reported in the media, central bank governor more

11.01.2012

The level of concentration in the banking market has increased since the beginning of the economic crisis, mainly because certain competitors disappeared from the market, according to a report of more

09.10.2012

The implementation of the integrated system for tourist registration (SIET) has been postponed until next spring, Cristian Barhalescu, secretary of state with the Tourism Ministry, told Mediafax more

07.10.2012

Romania’s Agriculture Ministry wants to access EUR400 million in European funds starting 2014 to rehabilitate the irrigation system on 800,000 hectares of farmland, Agriculture Minister Daniel more

05.16.2012

Romania has a solid, well-capitalized banking system and it is unlikely that the central bank will have to use its recently introduced bridge bank any time soon, despite the deteriorating situation in more