Which is the common point of UniCredit Bank, MasterCard, GoSwiff and Allianz-Tiriac in Romania?


GoSwiff, global financial solutions provider, along with UniCredit and MasterCard, signed a partnership to launch mobile payments in Romania through mPOS, a press release informs. The partnership is created to enable Allianz-Tiriac Asigurari agents to start accepting card payments with ...

Read More »

Fondul Proprietatea borrows RON 1bn from BRD to repurchase shares

fondul proprietatea

Fondul Proprietatea has concluded on Monday a ‘revolving’ credit agreement for a maximum amount of RON 1 billion with BRD – Groupe Societe Generale, which will be used for programmes to repurchase shares, Franklin Templeton Investment Management Limited United Kingdom, ...

Read More »

UniCredit, the first bank in Romania issuing Bank Payment Obligation


UniCredit officially launched the first-ever Bank Payment Obligation (BPO) on the Romanian banking market, which is also the first ever concluded by a bank of UniCredit Group in Central and Eastern Europe (CEE), a press release informs. This first BPO ...

Read More »

Banca Transilvania: Romania could end 2016 with an economic growth of 5 pc

economic growth

Banca Transilvania estimates that Romania will record an economic growth of 5 percent this year, significantly above the forecasts of international institutions, the macroeconomic report shows. Also, Romania will have a budget deficit of only 2.3 percent of gross domestic ...

Read More »

Household loans increased by 50 pc in five months


During January-May, the banks granted new RON-denominated loans for population amounting to RON 12 billion, up by 50 percent compared to the same period of 2015 due to the decrease of interest rates and to the aggressive promotion of loans ...

Read More »

BNR’s Isarescu: Annual inflation rate, still in negative territory, but longer than expected


A decrease of negative inflation is expected in the coming months, but to a lesser extent than in previous National Bank of Romania (BNR) forecasts, Governor Mugur Isarescu, commented after the financial institution he leads decided on Thursday, June 30, ...

Read More »

Central bank leaves key interest rate unchanged


In its today meeting, the Board of the National Bank of Romania (BNR) decided to keep unchanged the monetary policy rate at 1.75 percent per annum and to maintain the existing levels of minimum reserve requirement ratios on both leu- ...

Read More »