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Romania’s draft budget for 2017 based on 5.2 pct economic growth estimate

Finance January 23, 2017 11:43 0 comments

Romania’s draft public budget for 2017 is based on a growth estimate of 5.2 percent of GDP this year, above the expectations of economists. In addition, the budget deficit limit for this year is set…more »

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M&A alert. Euroins Romania buys non-life insurance portfolio of ATE Insurance Romania

Insurance January 20, 2017 15:42 0 comments

Euroins Romania, the insurer which has been in financial recovery since October 2015, has acquired the non-life insurances portfolio of ATE Insurance Romania, a subsidiary of the Greek Piraeus Bank. The agreement was signed on…more »

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New funding opportunity for Romanian SMEs: Loans worth RON 20 mln

Featured January 20, 2017 13:18 0 comments

The SMEs can access loans worth RON 20 million by making investments or for the current activity support through the agreement "SMEs ceiling guarantee” between Banca Romaneasca and EximBank. „The SME clients who develops activity…more »

CEC Bank

CEC Bank cuts interest on real estate credits in RON for purchase, sale properties

Banking January 19, 2017 16:59 0 comments

CEC Bank cuts interest on real estate credits in local currency to purchase and building new properties in Bucharest, Ilfov county, county capitals, as well as other localities. For credits destined to the purchase and…more »

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Romania gets EUR 57 mln financing for road rehabilitaton program

Constructions January 19, 2017 16:45 0 comments

The European commissioner for regional policy, Corina Cretu, approved the financial contribution through European fund of regional development (FEDR) at the regional project „Rehabilitation of the National Road 1C between Dej and Baia Mare”. The…more »

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UniCredit gets EUR 160 mln European funds for innovative companies loans from Romania and 7 other countries

Featured January 19, 2017 11:32 0 comments

Italian banking group UniCredit gets EUR 160 million European funds for innovative companies loans from Romania, Bulgaria, Hungary, Bosnia and Herzegovina, Croatia, Czech Republic, Slovakia and Serbia, within the program InnovFin- EU financing for Innovators,…more »

ASF

ASF Council approves Asirom VIG share capital increase by RON 84.57 mln

Insurance January 19, 2017 11:25 0 comments

The Financial Supervision Authority Council (ASF) approved on Wednesday the increase in social capital of Asirom VIG by RON 84.57 million, resulting in the consolidation of the financial capacity of the company. According to an…more »

romanian money

Government expands investment categories that can be financed within the national program of local development

Investments January 18, 2017 15:49 0 comments

The Government approved today a project of Emergency Ordinance that expands the investments categories that can be financed within the national program of local development, with an emphasis on education and health. The national program…more »

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Public Finance Ministry gets EUR 730 mln from banks in bond auction

Finance January 17, 2017 10:28 0 comments

The Public Finance Ministry raised EUR 730 million from banks on Monday, more than double than it was scheduled, through a 6-year bond issue, at an average yield of 3.14 percent per year. The nominal…more »

Lucian Croitoru on budget deficit

Lucian Croitoru (BNR): It’s very difficult to have a budget deficit of 3 pct and an economic growth of 5 pct at the same time

Money January 16, 2017 13:13 0 comments

Lucian Croitoru, the counsellor of the National Bank of Romania governor, says it’s very difficult to have a budget deficit of 3 percent and an economic growth of 5.5 percent at the same time. „Technically,…more »