Money - Business Review


bank loans

Romania’s bank loans rose 6.1 pct y/y in February, savings up 12.9 pct

Banking March 23, 2018 13:14 0 comments

The bank loans granted to individual and corporate clients in Romania rose 6.1 percent year on year in February, to RON 233.3 billion (EUR 50 billion), and the amount of deposits increased by 12.9 percent,…more »

Florin Dragu (BNR): Home ownership in Romania stands at 96 pct, the biggest in EU; assets quality below EU average

Banking March 23, 2018 12:46 0 comments

The home ownership rate in Romania stands at 96 percent, this being the biggest figure out of all the European Union, according to Florin Dragu, head of the department for the monitorization of systemic risks,…more »

Loan costs in Romania to grow due to controversial draft bills, warns ARB head Florin Danescu

Banking March 23, 2018 12:04 0 comments

The bank lending costs in Romania will grow due to controversial draft bills that are being discussed in Parliament, including an initiative to cap the interest rates computed by banks and non-banking financial institutions (IFN),…more »


Banca Transilvania invests in Ebriza, digital business management startup

Banking March 22, 2018 17:04 0 comments

The Banca Transilvania Financial Group, through BT Investments, has become the main investor in the EUR 300,000 financing round launched by Ebriza. BT has invested in Ebriza in order to further their support of entrepreneurs…more »

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Banca Transilvania elects new board and aims to distribute dividends of RON 610 mln from the profit of 2017

Banking March 22, 2018 10:57 0 comments

Banca Transilvania elects new board, whose mandate will expire in 2022, and aims to distribute dividends of RON 610 million from the profit of 2017, which reached RON 1.185 billion. The subjects will be approved…more »

The split VAT system is in place. How does it work?

Finance March 21, 2018 15:09 0 comments

The VAT split payment system has been in place since March 1 and it applies to around 18,000 companies in insolvency and companies with debt to the state budget. But the law affects more businesses…more »


So close, yet so far away: Romania gallops to join the Euro Club in 2024, but moves away from the target with each new fiscal step

Banking March 21, 2018 00:00 0 comments BR Exclusive

Romania announced a new target to adopt euro in 2024, after several missed attempts, but during the last year moved away from meeting the convergence criteria due mainly to recent fiscal measures. Experts suggest the…more »

Raiffeisen Bank Romania hosts its first competition for start-ups | Loans up to EUR 50,000 per project

Finance March 20, 2018 16:49 0 comments

Raiffeisen Bank Romania has launched a competition designed to support start-ups with loans up to EUR 50,000 for each projects. Entrepreneurs and SMEs that have been operational for less than 2 years can submit their…more »

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Banca Transilvania joins other Romanian banks in seeking AI-powered services

Banking March 20, 2018 16:43 0 comments

Banca Transilvania, the second largest bank in Romania, has announced a partnership with Personetics, the leading provider of Cognitive Banking applications, to make AI-powered financial guidance an integrated part of the bank’s digital customer experience.…more »


Romania’s fiscal burden is 29 pct of GDP – higher by a quarter than the BRIC average [UHY study]

News March 20, 2018 15:35 0 comments

Romania has a 29 percent of GDP fiscal burden, which is 24 percent higher than the average in BRIC major emerging economies (21.8 percent), according to a study by UHY, the international network of accounting…more »