Money - Business Review


consumption per capita eu

Eurostat: Romania sees highest increase in consumption per capita in the EU in 2016

News December 15, 2017 17:18 0 comments

According to a press release by Eurostat, consumption per capita in EU member states varied between 53 percent and 132 percent of the EU average in 2016. Actual Individual Consumption (AIC) is a measure of…more »

ING Romania returns on the capital market

Banking December 14, 2017 17:22 0 comments

After an absence of 5 years, ING Romania has decided to return on the local capital market. As a result of the decision of Bucharest Stock Exchange (BVB)’ decision from December 11, ING Bank- Bucharest…more »

First EIB loan to a corporate in Romania’s local currency, equivalent of EUR 50 mln to be granted to Transgaz

News December 14, 2017 16:11 0 comments

The European Investment Bank (EIB) is providing the first loan to a corporate in Romania that can be disbursed in local currency; the equivalent of EUR 50 million will be granted to Transgaz, Romania’s gas…more »

Intesa Sanpaolo finalizes the migration to take over the operations of Veneto Banca in Romania

Banking December 13, 2017 12:30 0 comments

Intesa Sanpaolo has finalized the migration for the transfer of certain assets and certain liabilities from the former Romanian branch of Veneto Banca, including its 19-agencies network, to the newly-established Intesa Sanpaolo SPA Torino Bucharest…more »

Raiffeisen Bank

Raiffeisen Bank to drop trading intermediation of shares, bonds on local stock exchange starting 2018

Finance December 12, 2017 16:46 0 comments

Starting 2018, Raiffeisen Bank will stop offering trading services for shares, bonds and other financial instruments intermediated on the stock exchange for itself or its customers, according to a company statement. The accounts of customers…more »


Finance Minister: budgetary revenue growth in 2018 will be generated by improving collections, sale of heavy water and 5G licences

Finance December 12, 2017 16:34 0 comments

Public Finance Minister Ionut Misa stated on Tuesday that improving tax collection and the sale of heavy water and 5G licences will generate revenue growth in 2018. Misa said: “We do not think that revenue…more »

Globalworth raises EUR 340 mln in new shares’ placement

Offices December 08, 2017 16:50 0 comments

Real estate developer Globalworth has placed new ordinary shares at a price of EUR 8.75 per share, raising total gross proceeds of EUR 340 million, in excess of the company's target and oversubscribed at this…more »


Economist Daniel Daianu: Bitcoin is a speculative asset; not to be confused with blockchain itself

Finance December 06, 2017 14:18 0 comments

Economist Daniel Daianu, member of the Romanian National Bank’s Administrative Board, said during the Mobile Communications Gala on Tuesday that Bitcoin is a speculative asset because it does not have the backing of a state.…more »

Construction of waste-oil recycling facility funded by a USD 38.7 mln club loan granted by EBRD and BCR

Banking December 06, 2017 12:32 0 comments

The EBRD and Banca Comerciala Romana (BCR) are providing the Romanian company Green Oil and Lubes SRL with a USD 38.7 million syndicated loan, on a club loan basis, for the development, construction and operation…more »


Government to adopt 2018 Budget in Wednesday’s cabinet meeting

Finance December 06, 2017 11:45 0 comments

The Tudose Government is due to adopt the 2018 budget proposal in the cabinet meeting scheduled for 2 pm on December 6th, which will be followed by Parliament setting the debate calendar. The Finance Minister…more »