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Money

BVB’s Sobolewski: The biggest challenge for Romania’s capital market is liquidity

Stock Exchange August 18, 2017 11:42 0 comments

Ludwik Sobolewski, the CEO of the Bucharest Stock Exchange, claims that the biggest challenge for the local capital market is liquidity, especially in the case of shares. The BVB head cited statistics which show that…more »

Romania champions EU economic growth in Q2

Finance August 16, 2017 16:22 0 comments

Romania recorded the biggest economic growth in the European Union of 5.7 percent in the second quarter compared to the same period of last year, according to Eurostat, the statistics office of the EU. Latvia…more »

BT Leasing records 50 pct hike in financing in H1

Finance August 16, 2017 15:37 0 comments

BT Leasing, part of the Banca Transilvania group, has registered an increase of its financing amount by 50 percent to EUR 65 million in the first semester compared to the same period of last year.…more »

"statistics"

Romania’s economy grows by 5.9 pct in Q2, says flash estimate

Finance August 16, 2017 10:05 0 comments

The Romanian economy expanded by 5.9 percent in the second quarter of this year on gross series compared to the same period of last year, according to a flash estimate published by the Institute of…more »

Romania’s tax agency starts fiscal inspections at three banks over losses

Banking August 16, 2017 09:31 0 comments

The tax administration agency ANAF has initiated fiscal controls at three banks as part of a wider investigation into the losses posted by the banking system. The news came days after PM Mihai Tudose said…more »

Banks in Romania react to PM Tudose’s allegations of profit externalization

Banking August 11, 2017 14:52 0 comments

The banking system reacted following statements by government officials in Romania regarding the losses incurred by dozens of lenders in the past five years. PM Mihai Tudose said that nobody can understand how a banking…more »

inflation

Romania’s inflation rate grows to 1.4 pct in July

Finance August 11, 2017 11:07 0 comments

Romania’s annual inflation rate stood at 1.4 percent in July, compared to 0.85 percent in the previous month, according to the National Institute of Statistics (INS). “The average rate of consumption prices in the last…more »

MedLife

MedLife could tap BVB for EUR 80 mln financing

Healthcare August 10, 2017 15:47 0 comments

Private healthcare operator MedLife evaluates the opportunity of an EUR 80 mln financing via the Bucharest Stock Exchange (BVB). Approximately EUR 20 million could be attracted through capital increase and approximately EUR 60 million through…more »

Banca Transilvania’s net profit at RON 496 mln in H1 over higher lending

Finance August 10, 2017 12:35 0 comments

Banca Transilvania recorded a net profit of RON 496 million in the first six months, higher by 8 percent compared with the same period of 2016, while the group recorded a net profit of RON…more »

Isarescu Fiscal Code

Isarescu: A big part of the banks’ losses come from low lending activity

Banking August 09, 2017 14:47 0 comments

A big part of the banks’ losses come from not grating loans, said this Tuesday the governor of the National Bank of Romania’s (BNR), Mugur Isarescu. “Banks cannot survive only from payment commissions or from…more »