EIB lends Banca Transilvania EUR 150 M to support local SMEs, midcaps


The European Investment Bank (EIB) has authorised a EUR 150 million loan to Banca Transilvania in support of projects to be promoted by small and medium-sized enterprises (SMEs), midcap companies and public entities in the sectors of industry, services, agriculture ...

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The Economist’s EU-SEE Summit, Day 2: A vision for Romania’s future development


Romania aims to achieve 5-6 pc annual economic growth in medium term In this period, the economies of southern Europe can increase, although prospects for economic development worldwide and in Europe have been revised downwards. Romania can achieve an annual ...

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First Donations menu in Romania, launched by Garanti Bank


The service is available for Internet Banking and ATMs. Garanti Bank launches, for the first time in Romania, a special section integrated in its internet banking platform dedicated to donations for non-for-profit and non-governmental organizations. According to a press release, ...

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FDI up by 27 percent in January-August period


Foreign investors don’t avoid Romania, despite the financial tensions in an election year, a sign that there is still confidence in the market. In January – August 2014, non-residents’ direct investment in Romania – FDI – (estimates) totalled EUR 1,424 ...

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PM Ponta: I don’t think we need a new agreement with IMF


In full electoral campaign, statements on a number of allowances and pension increases, appear only political strategy. The prime minister Victor Ponta said Monday evening at Romania TV that these increases were discussed at “the Commission level” and when it ...

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BNR Board objectives: euro currency adoption, Banking Union accession


The new National Bank of Romania (BNR) Board of Directors, appointed by Parliament in mid-June this year and chaired by Governor Mugur Isarescu, has as main objectives the adoption of the single European currency and the accession to the European ...

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WB revised slightly lower the Romanian economic growth forecast to 2.7 pc


The World Bank (WB) estimates an economic growth in Romania of 2.7 percent this year, up by the prognosis of April and slightly under the advance of 2.8 percent anticipated in June, according to Europe and Central Asia data. For ...

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Romania-Ireland, sharing experiences about banking


On 9 October 2014, the newly established Romania-Ireland Business Association (RIBA) organised its first event: ‘Romania and Ireland: Recent Experiences in the Banking Sector’, providing a comparative outlook on financial and banking matters in the two countries. According to a ...

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Romanian banking system, resistant in case of a financing withdrawal shock

sistem bancar

Romanian banking sector has a high shock resistance, with medium to high resilience in the event of a withdrawal of finances on a possible worsening of the conflict in Ukraine, the National Bank of Romania (BNR) shows in a report ...

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New insurance product for Romanian exporters launched by EximBank


EximBank launched a new temporary insurance facility for exports on the European Union and OECD markets, targeted to Romanian companies that are confronted with the fact that private insurers do not cover certain commercial and political risks. According to a ...

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