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Financial & Banking
BVB's Hanga: Most important achievement of 2024 is the number of 226,000 accounts opened on stock exchange
Monday, March 3, 2025
The most important achievement of 2024 is the number of 226,000 accounts opened on the stock exchange and a growth rate of approximately 10,000 - 15,000 accounts per quarter, said the president of the Bucharest Stock Exchange, Radu Hanga, on Tuesday, at the 12th edition of the BVB Awards 2025 - the annual awards ceremony for the previous year's capital market performances."At the 12th edition of the BVB Awards, we try to bring on stage the ...
National Bank of Romania set to remain cautious this year
Monday, February 24, 2025
The National Bank of Romania (NBR) kept the policy rate on hold at 6.50% on 14 February. Today, while presenting the quarterly inflation report, Governor Mugur Isarescu hinted that rate cuts or FX depreciation are not on the table until internal and external risks moderate. We still think that rate cuts are possible in the second part of the year, ...
Isarescu: “Any trade war between the United States and the European Union also has an impact on Romania”
Monday, February 24, 2025
The Governor of the National Bank of Romania (BNR), Mugur Isarescu, stated that there is no need to depreciate the euro-leu exchange rate because there are “a lot of tensions”. He added that he does not know what will happen to the exchange rate in the coming period, but he specified that, as the internal political tension diminishes and things begin to return to normal, then more flexibility will be given to the exchange ...
Fitch Affirms Romania at 'BBB-'; Outlook Negative
Monday, February 24, 2025
Fitch Ratings has affirmed Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Negative Outlook. Key Rating Drivers Structural Strength and Weaknesses: Romania's 'BBB-' rating is supported by EU membership and related capital inflows that support income convergence, external finances, ...
Country Risk Atlas 2025 : Moderate Growth, High Inflation, and Persistent Economic Risks in Romania
Monday, February 24, 2025
The Country Risk Atlas, produced by Allianz Trade, a global leader in trade credit insurance and credit management, provides a detailed analysis of the economic, political, and business environment, as well as sustainability factors that influence non-payment risk for companies across 83 economies. The analysis is based on a proprietary risk rating model, updated quarterly with the latest economic ...
BVB's Hanga: 2025 is the sixth year we are running Fidelis programme; over 20 financing rounds
Monday, February 24, 2025
The Fidelis programme has been running for six years, during which 20 rounds of financing have taken place, through which the Romanian state has raised over 9 billion euros, President of the Bucharest Stock Exchange (BVB) Radu Hanga said on Thursday at the official opening of the BVB trading session on the occasion of the listing of the Fidelis government securities issued by the Ministry of Finance."I want to convey, as an opening message, that you ...
Achmea to enter the insurance market in Romania
Monday, February 24, 2025
Achmea, the parent company of the Interamerican group, is preparing to enter the Romanian insurance market by launching the online insurance brand, Anytime. The company will introduce in Romania an exclusively digital model, which has enjoyed remarkable success in Greece and Cyprus for 19 years, facilitating access to insurance products directly on the ...
Over 1.1 billion lei were paid by NN to insurance and private pension customers în Romania in 2024
Monday, February 24, 2025
Insurance and private pensions continue to be one of the most relevant solutions people can rely on for financial support in unforeseen moments and for a better financial situation at retirement. NN insurance customers and private pensions participants received a total of 1.15 billion lei from their products in 2024, up by 17% compared to the previous year. The benefits paid contribute to reducing the customers’ protection gap ...
Romanian Economic Monitor about the 2025 State Budget: A Bet on Stability Amid Key Challenges
Monday, February 24, 2025
Romania’s budget for this year, recently adopted by the Romanian Parliament, has been designed to reposition the country on a trajectory toward restoring fiscal balance after the significant deficits recorded in recent years, according to analysts from the Romanian Economic Monitor (RoEM), a research project of the Faculty of Economics and Business Administration (FSEGA) at Babe?-Bolyai University ...
Survey: Only 1 in 10 Romanians say they have saved enough money
Monday, February 24, 2025
*Declining purchasing power, expenses exceeding income, and insufficient savings increase the need for loans. The challenges of 2024 and the uncertain outlook for this year continue to impact Romanians’ purchasing power and their ability to save. Rising prices and expenses exceeding available budgets in more ...
ING Bank Romania in 2024: 100,000 new customers and 18% increase in loan portfolio
Monday, February 24, 2025
ING Bank Romania’s revenues reached RON 3.8 billion in 2024, up 13% compared to 2023, and the value of the bank’s total assets increased to RON 78 billion, 9% above the previous year’s level. The increase in the number of customers and the portfolio of loans granted, as well as the increase in the volume of deposits attracted were among the factors that contributed to the consolidation of ING Bank Romania’s financial results in ...
Customers can bank with OTP Bank Romania until February 28, 12.00 noon
Monday, February 24, 2025
Banca Transilvania and OTP Bank Romania are proactively announcing information of interest to OTP Bank Romania customers regarding access to OTP Bank services and products from February 28 to March 2, 2025. During this period, technical operations regarding the merger of the two banks are being carried out. The concern of Banca Transilvania and OTP Bank is that the migration has as little impact as possible on ...
National Bank of Romania Board decisions on monetary policy
Monday, February 17, 2025
In its meeting of 14 February 2025, the Board of the National Bank of Romania decided the following: to keep the monetary policy rate at 6.50 percent per annum; to leave unchanged the lending (Lombard) facility rate at 7.50 percent per annum and the deposit facility rate at 5.50 percent per ...
Mikro Kapital lists first EUR 2-million bond issue on BVB's Multilateral Trading System
Monday, February 17, 2025
Mikro Kapital IFN S.A. has listed its first bond issue on the Bucharest Stock Exchange (BVB) Multilateral Trading System worth EUR 2 million, BVB reported on Friday."I welcome Mikro Kapital to the capital market, which, starting today, enters trading with the first bond issue listed on the Multilateral Trading System of the Bucharest Stock Exchange. Mikro Kapital's field of activity, namely providing loans to small businesses, is ...
BCR extends George echosystem by EasyBill partnership
Monday, February 17, 2025
Banca Comerciala Romana (BCR - a subsidiary of Erste Group) announces a new extension of the digital echosystem George to banking anf non-banking products by a partnership with EasyBill, part of Filbo group, one of the main online electronic billing nad business management platforms in Romania. Thus, entrepreneurs and small enterprises can directly access from George a complete solution for invoice issuing, delivering and ...
Slovenian SBITOP TR Index, a global star in 2024, comes to BVB
Monday, February 17, 2025
Analysis by Divo Pulitika, Fund Manager, InterCapital Asset Management, for https://business-review.eu/ The Slovenian SBITOP TR index delivered an extraordinary performance in 2024, becoming one of the global stars among equity markets. In gross total returns measured in euros, the index grew by an impressive 42%, outperforming major benchmarks like the Nasdaq ...
Banking dispute resolution centre receives more than 18k requests 2016-2024
Monday, February 17, 2025
The Centre for Alternative Resolution of Banking Sector Disputes (CSALB) received 18,300 requests for resolution between 2016 and 2024, and the benefits obtained by consumers amounted to 14.3 million euros, said Alexandru Paunescu, the representative of the National Bank of Romania within the CSALB College, on Thursday."This year marks 10 years since CSALB was established, but the actual operational activity started almost 9 years ago - almost, ...
Euroins Insurance Group challenges with ECHR Romanian court's refusal to suspend bankruptcy of Euroins Romania
Monday, February 17, 2025
Euroins Insurance Group AD (EIG) will file a lawsuit with the European Court of Human Rights (ECHR) due to the decision of the Bucharest Court of Appeal (CAB) of February 11 to reject the appeal filed by EIG against the bankruptcy procedure of Euroins Romania."EIG opens a lawsuit with the European Court due to the refusal of the Romanian court to suspend the bankruptcy procedure of Euroins Romania. The insurance group requested ...
Crowdfunding market in Romania has significant potential
Monday, February 17, 2025
About 15% of the users of Stock.estate, a crowdfunding platform, have become investors in local real estate products, with the crowdfunding market in Romania having a significant potential estimated at EUR 200 million as a result of a constant increase in the interest of investors and entrepreneurs.According to a press release from the company, Stock.estate is the first crowdfunding platform certified by the Financial Oversight Authority ...
Financial Oversight Authority carefully analysing non-banking financial market developments
Monday, February 17, 2025
The Financial Oversight Authority (FSA) is carefully analysing the developments in the non-banking financial market, as the stability and integrity of the sectors it supervises are essential to the Romanian economy, especially in the current context, ASF Chairman Alexandru Petrescu told Agerpres on last Tuesday.He added that the authority is ready to step in promptly, "whenever the situation requires it", given the recent developments on ...