WB Oks EUR 60 M financing to improve justice services in Romania

justice services

The World Bank (WB)’s Board of Executive Directors approved a EUR 60 million (USD 66.99 million equivalent) financing to Romania for the Justice Services Improvement Project, a press release informs. The Romanian Government will contribute EUR 5 million towards a ...

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BNR international reserves slightly up in January


On January 31st, 2017, the National Bank of Romania’s foreign exchange reserves stood at EUR 34,518 million, compared to EUR 34,242 million on December 31st, 2016, a release posted by the central bank informs. During the month, the following flows ...

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Over 6,000 debt discharge notifications recorded by BNR at end-2016

debt discharge notifications

The submission of debt discharge notifications continued, reaching 6,400 at the end of 2016 and the volume of notified loans standing at RON 1.8 – 1.9 billion, Deputy Director of the Financial Stability Directorate within the National Bank of Romania ...

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Banca Comerciala Carpatica – Patria Bank merger, indefinitely postponed. What happened?


Although the National Bank of Romania (BNR) has issued a preliminary approval on Banca Comerciala Carpatica absorption by Patria Bank on November 2016, Bucharest Court rejected the merger between the two financial institutions on January 17, a press release informs. ...

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Economic growth in 2017: Unicredit sees 3.4pc, ING anticipates 4.1pc, other banks forecast 3.5-4pc


Unicredit’s outlook on this year’s economic growth is of 3.4%, according to a report issued by the bank on Monday. ING anticipates 4.1%, whereas other banks forecast a GDP growth by 3.5-4%, hotnews.ro informs, adding that the Grindeanu government is ...

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Banking consortium supports Romanian industry through a syndicated loan of EUR 24 M

Pehart Tec Grup

Pehart Tec Grup, the leading tissue paper manufacturer in Romania and one of the important in South Eastern Europe, controlled by Abris Capital Partners and Ioan Tecar, has contracted a revolving multi-currency credit facility amounting at EUR 24 million from ...

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Romanians’ savings grew by 8.2 pc at end-2016, central bank shows


Deposits of non-government resident customers added 4.2 percent month on month to RON 274,219.2 million in December 2016, meaning an 8.2 percent increase year-on-year, National Bank of Romania (BNR) data reveal. RON-denominated household deposits increased by 3.6 percent to RON ...

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Eurobank seeks ‘strategic partner’ to sell Bancpost


HSBC and Mediobanca have been hired to help Greek bank Eurobank to find a “strategic partner” for its Romanian subsidiary Bancpost, a source said for reuters.com, emea.gr quotes. “Our target is for the whole process to conclude in a year ...

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