RCS&RDS gets a bridge loan of EUR 200 M


RCS & RDS cable and internet provider has signed a EUR 200 million short-term loan concluded between the Digi Group and a syndicate of banks. ”The Company informs the market and its investors that, on 13 October 2017, RCS & ...

Read More »

External debt up by EUR 1.1bn in eight months. FDI down by 18.56pc


In January – August 2017, Romania’s total external debt increased by EUR 1,167 million, of which the long-term external debt at end-August stood at EUR 69,527 million (73.9 percent of total external debt), down 0.2 percent yoy. At the same ...

Read More »

EBRD to become Agricover Holding shareholder. What percentage will the bank hold?

photo source: ebrd.com

  The European Bank for Reconstruction and Development (EBRD) and Agricover Holding SA have signed legal agreements today confirming the bank‘s intention to become a shareholder in the Romanian agribusiness company, a press release informs. According to the agreement, the ...

Read More »

3-month ROBOR index continues upward trend, reaches 1.84pc on Friday

robor index

The 3-month ROBOR index, the average interest rate on which Romanian banks borrow from each other, has climbed on Friday on the interbank market to 1.84%, the National Bank of Romania (BNR) informs. The current level is the same as ...

Read More »

We need more than Pitesti-Sibiu highway, we need also Iasi-Targu Mures motorway – BNR Governor says

isarescu manpower

National Bank (BNR) Governor Mugur Isarescu said on Tuesday that Romania needs more than the Pitesti-Sibiu highway, but also one connecting Iasi to Targu Mures. Isarescu said huge problems appear due to poor infrastructure both for domestic and foreign capital. ...

Read More »

Fitch affirms 4 Romanian banks’ IDRs


Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of Banca Comerciala Romana S.A. (BCR) and BRD-Groupe Societe Generale S.A. (BRD) at ‘BBB+’, UniCredit Bank S.A. (UCBRO) at ‘BBB-‘ and Banca Transilvania S.A. (BT) at ‘BB’, a press release ...

Read More »

Romania to bring EUR 4 M to increase IIB share capital

International-Investment-Bank (IIB)

In 2018, Romania will contribute with RON 4 million to the capital increase of the International Investment Bank (IIB), according to a draft law published on the Ministry of Public Finance website. ”It is approved the increase of the capital ...

Read More »

UniCredit report: BNR could allow gradual depreciation of RON to 4.70 units per EUR in Q1 2018


The economic growth above 5% anticipated for 2017 is hiding increasing fiscal imbalances, a quarterly report issued on Friday by UniCredit Bank informs. “Ad-hoc decisions, tax increases and public investment cuts could keep the budget deficit below 3% of the ...

Read More »

Number of debtors to banks continued to grow in August


The number of individuals with more than 30 days arrears in banks and non-banking financial institutions increased by 1.14 percent in August compared to the previous month, reaching 676,017, National Bank of Romania (BNR) data shows. They had arrears of ...

Read More »