FINANCIAL

A new series of corporate bonds issued by International Investment Bank (IIB) on the Romanian capital market is admitted to trading on the main market of the Bucharest Stock Exchange (BVB). The issue is structured in two tranches, both with ...

The continued deterioration of fiscal performance and weak debt trajectory drive the downgrade. Sustained policy uncertainty underscores the Negative Outlook. The country’s high growth potential and moderate levels of debt support the BBB- rating. Scope Ratings GmbH has today downgraded ...

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has climbed on Monday to 3.30%, up from 3.28% in the previous session, according to the figures released by the National Bank of Romania ...

Finance Minister, Eugen Teodorovici, has confirmed on Saturday that a document released by PNL Senator, Florin Citu, providing for the freezing of public employees’ wages, has been sent to the European Commission. Teodorovici also said that there is also a ...

The Government should rethink the entire social protection system in Romania, because the younger generation does not find any kind of protection in the current mechanism, whereas the authorities should consider giving up the unified tax rate in favour of ...

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has climbed on Friday to 3.28%, up from 3.17% in the previous session, according to the figures released by the National Bank of Romania ...

The maximum level of indebtedness will be 40% of the net income for loans in national currency and 20% for loans in foreign currencies as of January 1, 2019, while for loans for the purchase of the first house the ...

The overall private labour market salaries in 2018 were slightly higher than the planned levels. Nationwide, salaries increased by 6.4% higher than the planned adjustment (5.7%), according to the 20th edition of PayWell Salary and Benefits Survey conducted by PwC ...

Watford Insurance Company Europe (Watford Insurance), has announced the launch of its operations in Romania on Wednesday. Watford Insurance is a 100%-owned subsidiary of Watford Re Ltd., a global reinsurance and insurance company. Watford Group has a capitalization of $1.2 ...

Banca Transilvania shareholders have approved on Tuesday the merger with Bancpost, setting the date for December 31, 2018. Following the transaction, the new bank will be the largest in Romania. „Seeing the results so far and considering Banca Transilvania-Bancpost synergies ...