Banks-Insurance
Beginner Entrepreneurs May Get EUR50,000 Loan Via Raiffeisen Bank's Startup Studio by Factory Program
Beginner entrepreneurs in Romania may enroll between May 2 - 20, 2022 into the Startup Studio by Factory program launched by Raiffeisen Bank, within which business ideas are debated with men...
Creditors File EUR1,8B Worth Of Claims Against Bankrupt Insurer City Insurance
About 1,600 creditors of Romanian bankrupt insurer City Insurance, formerly the market leader with a 43% market share, have filed requests to recover a total amount of RON9 billion (EUR1.8 b...
Three-Month ROBOR Jumps To 5.07% On May 3
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has increased to 5.07% a year o...
CEC Bank Becomes Primary Dealer On Government Securities Market
Romania's state-owned lender CEC Bank becomes primary dealer on the government securities market, starting May 2, thus joining the other seven primary dealers.
Romania Raises RON245M Selling Bonds At 6.93% Yield
Romania's finance ministry raised EUR245 million on Monday (May 2), below the planned level of RON300 million, selling bonds maturing in 2027, at an annual average yield of 6.93%.
Credit Europe Bank Romania Switches To RON70M Net Profit In 2021 Vs. RON17M Loss In 2020
Credit Europe Bank Romania on Monday said it ended 2021 with a net profit of RON70 million, compared to loss of RON17 million in 2020.
Romania Forex Reserves Grow To EUR40.5B On Month In April 2022
Romania's foreign exchange reserves increased by EUR358 million in April 2022 versus March 2022, to EUR40.5 billion, central bank data showed Monday.
Green Group Takes Out EUR127M Syndicated Loan For Regional Expansion
Green Group, a group of firms active in the recycling sector and majority owned by investment fund Abris Capital Partners, has recently contracted a multi-jurisdiction financing of EUR127 mi...
Three-Month ROBOR Overshoots 5% Threshold For First Time
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has exceeded the 5% threshold f...