Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Financial & Banking

Minutes of the monetary policy meeting of the National Bank of Romania Board on 10 January 2023

Monday, January 30, 2023

The National Bank of Romania Board members present at the meeting: Mugur Is?rescu, Chairman of the Board and Governor of the National Bank of Romania; Florin Georgescu, Vice Chairman of the Board and First Deputy Governor of the National Bank of Romania; Leonardo Badea, Board member and Deputy Governor of the National Bank of Romania; Eugen Nicol?escu, Board member and Deputy Governor of the National Bank of Romania; Csaba Bálint, Board ...

BNR: Monetary indicators - December 2022

Monday, January 30, 2023

At end-December 2022, broad money (M3) amounted to RON 603,118.5 million, up 3.2 percent (2.8 percent in real terms ) month on month, ...

ECB boosts cooperation with the six EU Member States not part of European banking supervision

Monday, January 30, 2023

ECB signs Memorandum of Understanding with national competent authorities of six EU Member States not part of European banking supervision Countries subject to Memorandum are Czech Republic, Denmark, Hungary, Poland, Romania and Sweden Memorandum boosts supervisory cooperation through shared information, and fosters common supervisory ...

EBRD delivers highest level of investment for Romania since 2009

Monday, January 30, 2023

230130103530desc__rcare__36_.png

  EBRD invests €709 million in Romania in 2022, continuing positive year-on-year trend Green economy investments make up 50 per cent of EBRD total & over 61 per cent in Romania Cumulative EBRD investments in Romania cross the €10 billion mark in 2022, with a standing portfolio of over €2.5 ...

Leonardo Badea (BNR): Inflation in Romania in the European context - milestones of the last 20 years

Monday, January 30, 2023

An analysis of the evolution of inflation in Romania over the last 20 years highlights numerous medium-term cycles, influenced by local and international conjunctures often very different specific to the respective moments. We can say that there is a point that separates the evolution trends at the local level in relation to the European ones, this being around the year of Romania’s accession to the European Union. The graph below shows this evolution for Romania ...

The Cashback Law increases the number of POS in Romania

Monday, January 30, 2023

230130103617stock_photo_pos_point_of_sale_terminal_for_credit_card_payment_on_blue_background_d_illustration_2086125856.jpg

The amendments to the Cashback Law, regarding the introduction of electronic terminals from January 1, 2023 for merchants with annual cash receipts of over 10,000 euros (50,000 lei), led to a massive need for digital transformation for small and medium-sized companies, at the beginning of 2023.   Global Payments, the world’s largest provider of payment services and technology, recorded, in January of this year alone, ...

Banca Transilvania launches virtual card with animated design in BT Pay app, a first in Europe

Monday, January 23, 2023

230123101314miercurea_ciuc_romania_march_banca_transilvania_business_front_early_morning_banca_transilvania_business_front_early_morning_243314752.jpg

Banca Transilvania, in collaboration with Visa, launches, for the first time in Europe, the virtual card with animated design, a debit card, in RON, for individuals, which can be used from the BT Pay application, exclusively for online payments, the bank announced on Tuesday."We are pleased to mark a European first with the animated design of our new product and to add the virtual card to the options we offer our customers. Having such a card allows one to be in ...

NN Romania is Top Employer for the fifth consecutive year

Monday, January 23, 2023

NN Romania, leader in the life insurance and private pensions markets, was designated Top Employer 2023, for the fifth consecutive year. The recognition is awarded by Top Employers Institute, the most prestigious global authority in certifying excellence and performance in HR practices.   The Top Employer 2023 certification reconfirms NN’s position as a top employer, supported by the company’s care and ...

Visa survey: Wider e-payment acceptance to help boost financial inclusion

Monday, January 23, 2023

230123101354stock_vector_poland_wroclaw_july_collection_of_badges_of_the_visa_international_payment_system_2184923155.jpg

Electronic payment acceptance by a higher number of merchants starting in 2023, due to the new provisions of the Cashback Law, responds to increased customer demand for digital services and will contribute to boosting financial inclusion by the development of e-payment infrastructure in rural areas and in small towns, as well as to combating underground economy, notes the article "The new amendments to the Cashback Law support SME digitization" published on Monday on ...

EBRD and Bucharest Stock Exchange launch Investor Relations and Liquidity Support Programme în Romania

Monday, January 23, 2023

  The European Bank for Reconstruction and Development (EBRD) and the Bucharest Stock Exchange (BVB) are launching a new Investor Relations and Liquidity Support Programme in Romania, to improve capital market visibility and stock exchange liquidity of up to 3 selected issuers. The Programme will be run in close cooperation with the selected companies and a team of professional Investor Relations (IR) consultants with local and international expertise from ...

Softbinator Technologies names new group’s Chief Financial Officer

Monday, January 23, 2023

Softbinator Technologies, a Romanian company that provides complete software product development services including product management, product design, software development, blockchain development, and product marketing, announces the consolidation of the management team, by recruiting and appointing Vlad Deliu as Chief Financial Officer at the group level.   “Since the listing on the Bucharest ...

Inflation slows down but still a lot of risks for markets ahead

Monday, January 23, 2023

230123101445stock_vector_inflation_estimator_or_inflation_gauge_finding_a_solution_to_the_problem_of_inflation_financial_2159444685.jpg

Macro commentary by eToro analyst for Romania, Bogdan Maioreanu   For investors, the latest inflation data gave more confidence to move to a more risky approach. As a result, global markets recovered some of the losses from last year. But 2023 still carries some risks from the previous year economic and geopolitical ...

NBR Board decisions on monetary policy

Monday, January 16, 2023

In its meeting of 10 January 2023, the Board of the National Bank of Romania decided: to increase the monetary policy rate to 7.00 percent per annum from 6.75 percent per annum as of 11 January 2023; to raise the lending (Lombard) facility rate to 8.00 percent per annum from 7.75 percent per annum and the ...

Balance of payments and external debt – November 2022

Monday, January 16, 2023

In January-November 2022p, the balance-of-payments current account posted a deficit of EUR 25,340 million, compared with EUR 15,666 million in the same year-ago period. The breakdown shows that the deficit on trade in goods widened by EUR 8,595 million, the surplus on services expanded by EUR 2,415 million, the primary income deficit grew by EUR 4,252 million, while the secondary income surplus increased by EUR 758 ...

INFLATION AND THE EVOLUTION OF CONSUMER PRICES: DECEMBER 2022

Monday, January 16, 2023

230116123857stock_photo_inflation_increases_commodities_with_financial_data_crude_oil_wheat_and_gold_with_price_change_2146335327.jpg

1. The Consumer Price Index (CPI) – indicator for determining inflation at national level   ? Consumer prices were up 0.4% in December 2022 from November 2022. ? The annual inflation rate in December 2022 compared to December 2021 is 16.4%. ? The average rate of change in consumer prices over the ...

Cristian Paun: I don't think we can lower inflation more than two figures this year

Monday, January 16, 2023

University professor Cristian Paun declared on Monday, at Prima News TV that he did not think we could lower inflation under two figures this year and that probably 2022 ended with 17%, that is 2% above BNR estimates.   Professor Paun said about a 10% inflation that from his point of view it was no longer valid, as it was valid when the National Bank came with a prognosis of 15% for the beginning of 2023 ...

Finance Ministry informs New Home programme's ceiling to be 1.5B RON in 2023

Monday, January 16, 2023

The Ministry of Finance has established a ceiling of 1.5 billion RON for guaranteeing real estate loans under the New Home programme in 2023."For the fifteenth consecutive year, the Ministry of Finance facilitates the purchase of a first home to Romanian citizens, by earmarking a significant ceiling to guarantee real estate loans under this programme, with the 2023 amount having been set at 1.5 billion RON. The amount proposed for 2023 is based on the ...

NN Romania launches insurance for job loss

Monday, January 16, 2023

NN Romania launched an insurance that offers protection and financial support to clients who lose their jobs, the company announced on Friday, in a press release.Thus, for six out of ten Romanians, the current workplace represents the only source of income, according to an ISRA quantitative study carried out at the NN Romania initiative in 2021, and only 33% say that they can rely on financial support from family or friends in case of ...

98 pct increase in amount of 2022 PoS transactions (fintech)

Monday, January 16, 2023

230116124019stock_photo_credit_card_reader_isolated_on_grey_background_payment_terminal_with_paper_receipt_pos_terminal_2045054054.jpg

The amount of PoS transactions performed in Romania through devices provided by international fintech myPOS was by 98 percent higher in 2022 compared to the previous year, according to company data released on Wednesday.In the reporting period, the turnover increased by 177 percent as a result of activities carried out both by customers in the wholesale sector and by those in the fields of food & beverage, health & beauty, taxi services, retail and ...

Optional pension funds' assets amount to 3.58 bln RON in November, up 9 pct vs Nov 2021

Monday, January 16, 2023

Voluntary pension funds (Pillar III) reached assets worth 3.58 billion RON, on November 30, 2022, up 9 pct compared to the level recorded in the same period of the previous year, according to the Financial Supervisory Authority (ASF) data."Most investments were made locally (93 pct), most of them being RON-denominated (90 pct)," the institution's report states.On this type of pensions, state securities held the largest share of assets, 2.281 billion ...

Premium News

Daily

Monday, January 30, 2023

Financial & Banking

Monday, January 30, 2023

Economic

Tuesday, January 24, 2023

Companies

Wednesday, January 25, 2023

Energy & Environment

Thursday, January 26, 2023