Finance

Romanian Minister of Finance has announced on Wednesday that the budget deficit has increased by RON 5 billion up to 9.15 of the GDP, after forecast in August had given a deficit of 8.6% of GDP. The economic decline is 4.2%, according to…

A new report from Euler Hermes examines how much the Covid-19 crisis shifted European financial leaders’  confidence and priorities for 2020. Carried out before and during the Covid-19 crisis in the UK, France, Germany, and Italy, the…

The governor of the Romanian National Bank (NBR), Mugur Isarescu has announced in a press statement that the central bank's main target is to provide the necessary liquidity to fund the public and private sectors. "After overcoming at…

Data gathered by Learnbonds.com indicates that industrial goods, finance and services are the most impacted stock sectors due to the ongoing Coronavirus (COVID-19) pandemic. For the last one week, one month and three months the stock…

The National Liberal Party's leadership has validated the ruling programme and the list of the new proposed cabinet led by Florin Cîţu. The list encompasses the same ministers as in the Ludovic Orban's government, except for the Finance…

Romania has reported a budget deficit of 4.6% of GDP in 2019, according to the preliminary budget execution released by the Ministry of Finance, which means the deficit is 0.2 pc higher than the one estimated through the rectification last…

IFC, a member of the World Bank Group, is providing EUR 18.5 million in financing to BT Leasing Transilvania to increase access to finance for small and medium enterprises (SMEs) and to finance climate leasing in Romania. IFC is the lead…

The new minister of Finance Florin Cîţu has announced on Thursday that the situation of the country's budget and economy exceeds the most pessimistic expectations, accusing that the economy has been led on two budgets in the past 3 years,…

The European Investment Bank (EIB) has agreed to provide EUR 25 million to increase the quality, efficiency and effectiveness of teaching, learning and research at the Polytechnic University of Bucharest (UPB), a leading university in…

Aforti Finance Romania IFN S.A., part of Aforti Holding, a Polish financial capital group that has been present on the Romanian market since October 2017, announces that it has begun its operations as a loan provider to the local SME…