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Senate committee wants new ROBOR index applied to ongoing contracts

The new ROBOR index, based on transactions, could also be applied to ongoing contracts, as the Senate Economic, Industries and Services Committee voted on Tuesday an amendment to GEO 19/2019 amending GEO 114/2018 on the establishment of some measures in ...

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What do internet users think about Romanian banks?

Neticle media monitoring company checked what internet users say about the banking services on online platforms. Based on the online mentions of the top 5 Romanian banks, there are areas which need improvement. What service items banking clients complain about ...

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Darius Valcov: Banks do not intend to leave Romania, their profit will still be by 20-30% above the EU average

Darius Valcov, economic adviser to Prime Minister Viorica Dancila, claims the banks do not intend to give up their operations in Romania, although their profit will not be three times the EU average, but it will still be by 20-30% ...

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Romania’s unusual bank tax risks curtailing central bank independence, says European credit rating agency

Romania’s central bank has a vital role to play in using its independence to protect the domestic economy from uncertainty created by the government’s unorthodox new bank tax, says Scope Ratings. The Social Democrat government’s new levy on the balance ...

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Backpedaling on GEO 114? Fin Min: the ordinance will have to be discussed in the ruling coalition. Tariceanu: The 2 pc tax on energy companies’ turnover- excessive

Romanian Finance minister, Euegn Teodorovici has stated on Wednesday evening that the energeny ordinance no 114 will be decided only after a debate in the ruling coalition, and after that in the Government. „Amending GEO 114 is a topic that ...

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BNR governor heard in the Senate’s committees: ROBOR Index is not manipulated by banks

„ROBOR index has not beeen manipulated by the banks” and the National Bank of Romania „is not playing with the monetary policy”, said central bank governor Mugur Isarescu during hearings in the Senate’s joint economic and budget committees on Tuesday. ...

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EC retorts to Valcov on anti-banks campaign

The Representation of the European Commission to Romania has reminded Romanians who have a bank account which are the benefits they are entitled to when making payments in the EU or when they get cash out of an ATM while ...

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Fin Min Teodorovici invites BNR Governor Isarescu for talks, blames central bank for pressures to keep ROBOR at high levels

Finance Minister Eugen Teodorovici said he would invite National Bank Governor Mugur Isarescu for talks, along with the chairman of the Romanian Banking Association, to discuss the way to enforce the tax on banks’ assets. Teodorovici accuses BNR of ‘aggressive ...

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