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Consumer Loan Reference Index IRCC To Grow To 5.71% Starting January 2023
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, will grew to 5.71% starting January 1, 2023, from 4.06% at present, in...
Allianz Trade: Number of Insolvencies in Romania to Rise by 20% in 2023 from 2019
The number of insolvencies globally is set to go up by around 2% in 2023 against 2019, reveals an analysis by Allianz Trade. In Romania, the number of insolvencies will be 20% higher than in...
Orange Increases Capital of Orange Money IFN by EUR2M
Orange, the leader of the telecom market and one of the largest companies in Romania, has decided to add EUR2 million to the capital of its company that provides mobile financial services, O...
Three-Month ROBOR Ends Dec 19-23 Week At 7.63% A Year
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, ends the December 19-23 week at...
Housing Deals Up 30% in Bucharest and Ilfov in November, 1% Nationwide
Bucharest continued to see rising housing demand in November as well with 6,435 units being traded in the capital city and Ilfov, up 30% from the 4,946 of November 2021, in line with data fr...
OMV Petrom Raises RON446M from Investors in Share Capital Increase
OMV Petrom (SNP.RO), the only local oil and gas producer, has announced the completion of its share capital operation, which enabled it to raise RON446 million from investors, the company sa...
Three-Month ROBOR Ends October 10-14 Week At 8.17% A year
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, on Friday, October 14, climbed...
Three-Month ROBOR Spikes To 8.15% On October 13
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 8.15% a year o...
Three-Month ROBOR Surges To 8.11% On October 12
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 8.11% a year o...