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ECONOMICS

New car sales increase by over 20 per cent in Romania in the first quarter

2018-04-25 13:28:39
New vehicle sales in Romania increased by 20.3 per cent in the first quarter of this year compared to the same period of 2017, reaching almost 36,000 units, according to data released by the Car...

ECONOMICS

Banca Transilvania posts 366 million RON profit in Q1

2018-04-25 11:44:59
Banca Transilvania registered a net profit of 366 million RON (78.7 million Euro) in the first quarter of this year, up 48.7 percent from the same period of 2017, due to rising operating fees an...

ECONOMICS

Contactless payments will be the norm by 2020, says Mastercard Romania

2018-04-24 11:49:46
In 2017, Romanians made 100 million contactless payments in Romania, via Mastercard and Maestro cards, representing 60-70 per cent of the total payments.

ECONOMICS

American auto parts producer closes factory in Northern Romania

2018-04-23 12:05:31
US auto parts producer TRW Automotive will close its wheel factory in Baia Mare, Nothern Romania.

ECONOMICS

Telekom Romania launches first loans in partnership with Alior Bank

2018-04-23 12:01:04
Telekom Romania, one of the biggest local telecom groups, has launched its first two loans in partnership with Polish lender Alior Bank.

ECONOMICS

The state of the economy is a reflection of public policy, says FIC

2018-04-20 13:44:22
The Foreign Investors Council (FIC) considers that recent negative economic data which drew the attention of politicians are the result of legislation that was adopted without proper impact asse...

ECONOMICS

Banca Transilvania to sell 350 million Euro worth of bonds

2018-04-20 11:23:26
Romanian lender Banca Transilvania wants to sell subordinated bonds worth 350 million Euro, with a 10-year maturity and a fixed or variable interest rate.

ECONOMICS

Romania wants to join the Asian Infrastructure Investment Bank

2018-04-19 13:50:40
Romania wants to join the Asian Infrastructure Investment Bank (AIIB) and will pay a 6.12 million USD installment this year for the membership.

ECONOMICS

Banca Transilvania launches online loans

2018-04-17 13:01:47
Banca Transilvania, the second-biggest lender in Romania, has launched an online loan that allows clients to borrow up to 5,000 Euro.

ECONOMICS

Deloitte Romania survey: 60 per cent of the CFOs find the fiscal and regulatory framework as unstable

2018-04-17 12:45:34
On the background of a falling unemployment and highest GDP growth in Central and Eastern Europe, Romanian CFOs enjoy an overall positive business climate, yet they focus more on consolidation r...

ECONOMICS

Unicredit estimates economic slowdown in Romania

2018-04-13 09:45:40
The economic growth rate in Romania will slow down to 4.4 per cent in 2018, from close to 7 per cent last year, and the government risks to register budget deficits exceeding 3 per cent of GDP i...

ECONOMICS

Banca Transilvania acquires Bancpost, ERB Retail Services IFN and ERB Leasing IFN

2018-04-04 12:16:45
Banca Transilvania has become the owner of the majority of shares (99.15 per cent) held by Eurobank Group in Bancpost, as well as the owner of shares held in ERB Retail Services IFN and ERB Leas...

ECONOMICS

ING Bank Romania to accelerate business development through digitization

2018-03-29 16:46:10
Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

2 Comments

ECONOMICS

Raiffeisen Bank doubled its Smart Mobile clients in 2017

2018-03-26 16:52:17
Raiffeisen Bank doubled the number of Smart Mobile clients in 2017, the mobile banking app Raiffeisen Smart Mobile has increased by close to 100 per cent.

ECONOMICS

Bittnet posts 58 per cent increase in turnover

2018-02-19 12:46:03
Bittnet, one of the most dynamic local IT companies, recorded a 58 per cent organic increase of its business in 2017, to 21.7 million RON (4.75 million Euro).

ECONOMICS

Gothaer ended 2017 with a 22 per cent growth in GWP

2018-02-19 12:41:57
Gothaer Asigurari Reasigurari ended 2017 with a close to 22 per cent growth in Gross Written Premiums (GWPs) versus 2016.

ECONOMICS

Banca Transilvania post lower profit in 2017

2018-02-15 14:09:27
Banca Transilvania, the second-biggest bank in Romania, recorded a net profit of 258 million Euro in 2017, 3.4 per cent lower than in the previous year, according to the lender's preliminary fin...

ECONOMICS

Bucharest Stock Exchange almost doubles profit in 2017

2018-02-15 14:05:21
Bucharest Stock Exchange group (BVB) recorded a net profit of 14.6 million RON (3.2 million Euro) in 2017, up by 89 per cent compared to the previous year.

ECONOMICS

Point Pick-up is looking for business opportunities on the Romanian market

2018-02-12 13:34:08
Point Pick-up (PPUP), one of the most powerful digital courier platforms in the United States, analyses the Romanian market from the perspective of business opportunities.

1 Comment

ECONOMICS

BNI Romania members registered 50 per cent higher turnover in 2017

2018-02-12 13:07:22
BNI Romania, member of the global network of reference-based professional networking, Business Networking International, registered a turnover of 6.2 million Euro in 2017, 50 per cent more than ...

ECONOMICS

Bucharest Stock Exchange closes January 2018 in positive territory

2018-02-09 15:37:07
Bucharest Stock Exchange (BVB) ended January 2018 with an increase of almost 8 per cent, after BET index, the main index of the local capital market, closed las month at a level of 8,370 points....

1 Comment

ECONOMICS

BRD Group reported 85% higher net profit in Romania in 2017

2018-02-08 15:30:46
BRD Groupe Societe Generale ended 2017 with a net profit of 309 million Euro, up 85.3 per cent year-on-year, on strong core revenue and positive cost of risk.

ECONOMICS

Intesa Sanpaolo Bank Romania tripled its net profit in 2017

2018-02-06 16:59:24
Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo, leader in Italy and one of the most solid banks in the Euro Zone, has recorded an operating income of 154 million RON and a net ...

ECONOMICS

Garanti Bank finances the First Green Home Certificated residential project of Bucharest

2018-02-06 14:05:34
Garanti Bank actively supports projects that endorse Romanian entrepreneurship, sustainable development and respect for the environment, as well as other initiatives that have a positive impact ...

ECONOMICS

The price of Transgaz shares increased by 55 per cent after 10 years of listing on BVB

2018-02-06 11:25:18
Transgaz plans to invest a total of 1.62 billion Euro in the period 2017-2026, the company's general manager, Ion Sterian, announced in a conference hosted by the Stock Exchange Bucharest on the...

ECONOMICS

Elvila opens listing season of 2018 by a technical listing on the AeRO market of Bucharest Stock Exchange

2018-02-06 11:18:30
Shares of Elvila SA, symbol ELV, a leading furniture producer in Romania, started trading on the Alternative Trading System of Bucharest Stock Exchange (BVB) in the AeRO Premium category as of F...

ECONOMICS

Unilever South Central Europe takes over Betty Ice

2018-01-31 16:04:31
Unilever South Central Europe and Betty Ice today announced the signing of an agreement by which Unilever South Central Europe will acquire Betty Ice, the Romanian ice cream maker. The transacti...

ECONOMICS

European Commission grants Romania 800 million Euro to finish 2007-2013 projects

2018-01-30 13:16:11
The European Commission (EC) has granted Romania 800 million Euro to help it finalize some big projects started during the 2007-2013 financial exercise.

ECONOMICS

Romania's new finance minister: No new taxes during my mandate

2018-01-30 13:11:50
Romania's new finance minister Eugen Teodorovici said no new taxes will be introduced in Romania and current taxes won't increase during his mandate.

ECONOMICS

Bucharest City Hall to spend 13 million Euro on statues this year

2018-01-29 15:43:34
Bucharest City Hall has opened the debate on its 2018 budget, which provides spending over three million Euro on financing the People’s Cathedral and over 13 million Euro on various monuments ...

ECONOMICS

Garanti Bank expects a four per cent GDP growth rate in 2018

2018-01-15 16:17:48
Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slower pace of industry a...

ECONOMICS

EIB supports the modernisation of infrastructure in Oradea

2017-12-20 16:36:29
The European Investment Bank (EIB) is lending 21 million Euro to the Municipality of Oradea to finance improvements to its urban infrastructure. EIB funds will also support investments targeting...

ECONOMICS

Ministry of Public Finances set to issue Euro-bonds worth 8 billion Euro in the next two years

2017-12-18 16:38:13
The Ministry of Public Finances (MFP) contemplates issuing Euro-bonds worth approximately 8 billion Euro (equivalent) over 2018-2019, in the context of the implementation of the annual plan for ...

ECONOMICS

Romania plays in the big league, says Deloitte survey

2017-12-14 14:53:36
On the backdrop of a stable economic context in the region and with growing macroeconomic indicators, Romania has won the deal doers' trust now becoming a core market for private equity funds ne...

1 Comment

ECONOMICS

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

2017-12-04 12:22:16
Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increase access to financing...

ECONOMICS

Immofinanz posted increase in net profit for the first nine months of 2017

2017-11-29 10:43:45
Immofinanz posted a significant increase in net profit from continuing operations for the first three quarters of 2017, to 116.3 million Euro (Q1-3 2016: -217.8 million Euro).

ECONOMICS

URBB posts record production figure in 2017

2017-11-20 12:48:02
United Romanian Breweries Bereprod (URBB) registered a record production figure exceeding two million hectolitres for the period January-November 2017, representing a 10 per cent increase year-o...

ECONOMICS

Banca Transilvania's net profit was 780 million RON in the first nine months

2017-11-14 15:17:47
Banca Transilvania posted a net profit of 780 million RON in the first nine months of the year.

ECONOMICS

Porsche Romania posts 13 per cent increase in sales for all Volkswagen group brands in the first nine months of 2017

2017-11-10 12:25:10
Porsche Romania, the largest automotive importer in Romania, closes the first nine months with a 13% increase in sales for all Volkswagen group brands, compared to the same period of last year....

ECONOMICS

The company who manages KFC, Pizza Hut and Taco Bell brands in Romania is now listed on Bucharest Stock Exchange

2017-11-10 10:28:50
The shares of Sphera Franchise Group, one of the most important foodservice operators in Romania, started trading on Bucharest Stock Exchange (BVB), under SFG symbol.

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