BANK
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Banks in Romania Paid RON1.2B Tax on Profits in 2018
The tax on profits commercial banks paid and the transfers from the net revenue of Romania’s central bank reached 1.84 billion lei (EUR388 million) in 2018, up about 80.8% over 2017, the 201...
Major Banks Warn Government New Bank Asset Tax Will Trigger Economic Crisis in Romania
In an unprecedented move, the banks in Romania through their leaders warned the government that Ordinance 114 introducing the bank tax will generate economic crisis in Romania and cause a de...
Finance Ministry Prepares to Deal New Blow to Banks: Non-Tax-Deductible Provisions
The Finance Ministry has a new measure in store that will impact the banking system: provisions will no longer be tax-deductible unless there is a loan or financial-asset loss.
Quarterly Bank Taxation Fears Cause EUR1B Capitalization Drop on Bucharest Stock Exchange
Companies listed on the Bucharest Stock Exchange lost 4.3 billion lei (almost EUR1 billion) of their capitalization, which dropped to RON139 billion on Monday, as the plummeting banking stoc...
New Taxation Changes Hurt Most Representative Sectors on Bucharest Stock Exchange
Energy companies and banks, which are among the most traded stocks on the Bucharest Stock Exchange, will pass on to their customers the financial burden introduced by the Emergency Ordinance...
A Company In Bucharest Has To Wait 174 Days To Get Electricity
Romania is at the bottom of the European Union ranking by length of time it takes a business to get electricity.
Cold Meats Producer Ana Si Cornel: We’ve Never Taken Out A Bank Loan
Cold meats producer Ana si Cornel based in Mizil, Prahova County, says it does not work with banks to avoid being vulnerable when things become difficult.
Banks Fund Half Of Romania’s EUR48B Internal Public Debt
Banks own almost half of the internal public debt of Romania, while private pension funds about one fifth of it, Finance Ministry data show.
Banking System Restructuring Continues: Fewer Branches, More Employees In H1
The restructuring of the banking system continued in the first half of 2018, so banks in Romania ended June with 4,529 branches and offices, 146 fewer than at the end of the first half of 20...