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15:56, 28.03.2024

Ministry of Finance borrows over 1 billion RON from commercial banks, on Thursday

Ministry of Finance borrows over 1 billion RON from commercial banks, on Thursday

The Ministry of Finance borrowed, on Thursday, 1.070 billion RON from commercial banks, through an issue of benchmark state bonds, with a residual maturity of 31 months and an average yield of 6.13% per year, according…




20:35, 21.03.2024

Ministry of Finance draws almost 1.28 billion lei from banks

Ministry of Finance draws almost 1.28 billion lei from banks

The Ministry of Finance (MF) borrowed on Thursday 1.279 billion lei from banks through a benchmark government bond issue with a residual maturity of 73 months and an average yield of 6.54% per annum, according…




18:25, 18.03.2024

Govt borrows over RON 807 million on Monday off banks

Gov't borrows over RON 807 million on Monday off banks

The Ministry of Finance (MF) on Monday borrowed RON 807 million off banks in an issue of benchmark bonds of a residual maturity of 85 months and an average yield of 6.58% per annum, according to data published…




15:30, 18.03.2024

EU pledges 7.7 billion euros towards global needs in 2024

EU pledges 7.7 billion euros towards global needs in 2024

The European Union on Monday pledged to spend an initial 7.7 billion euros on humanitarian aid in 2024, less than the previous year despite soaring needs in Gaza and elsewhere, according to Reuters. “I think this…




14:10, 16.03.2024

ROMATSA expects net profit of 3.744 million RON for 2024

ROMATSA expects net profit of 3.744 million RON for 2024

The Autonomous Directorate "Romanian Air Traffic Services Administration - ROMATSA" has foreseen for this year a gross profit of 4.416 million RON and a net profit of 3.744 million RON, according to the project…




13:25, 13.03.2024

Denmark plans $6 bln boost in military spending amid defence shortcomings

Denmark plans $6 bln boost in military spending amid defence shortcomings

Denmark will boost its defence budget by 40.5 billion Danish crowns ($5.9 billion) over the next five years to meet NATO targets and address major defence shortcomings “in a world where the international order…




11:15, 11.03.2024

Romanias trade deficit declines 15.5pct in January 2024

Romania's trade deficit declines 15.5pct in January 2024

Romania's FOB / CIF trade deficit in January 2024 was standing at EUR 1.958 billion euros, down EUR 359.0 million (-15.5%) from January 2023, according to data with the National Institute of Statistics (INS) released…




11:15, 08.03.2024

National Institute of Statistics revises economic growth in 2023 upwards, to 2.1 pct

National Institute of Statistics revises economic growth in 2023 upwards, to 2.1 pct

The National Institute of Statistics (INS) has revised economic growth in 2023 upwards to 2.1% and downwards to -0.5% for Q4, 2023, according to provisional data published on Friday. Thus, the Gross Domestic Product…




14:55, 04.03.2024

Finance ministry plans to borrow RON 6.52 billion from commercial banks in March

Finance ministry plans to borrow RON 6.52 billion from commercial banks in March

The Finance Ministry (MF) planned for March 2024 loans from commercial banks amounting to RON 5.8 billion, to which RON 720 million may be added through additional non-competitive bidding sessions related to bond…




10:26, 04.03.2024

Bucharest Stock Exchange loses over five billion RON in capitalization, last week

Bucharest Stock Exchange loses over five billion RON in capitalization, last week

The Bucharest Stock Exchange (BVB) lost 5.35 billion RON in capitalization, i.e. 1.7%, last week, while the value of share transactions increased by 61.91 million RON (+32.5%) in comparison with the previous week.…




10:20, 04.03.2024

Assets of privately managed mandatory pension funds at RON 128.73 billion as of end-January

Assets of privately managed mandatory pension funds at RON 128.73 billion as of end-January

The assets held by Romania's privately-managed pension system (Pillar II) stood at RON 128.73 billion end-January 2024, up 28.5 Year-over-Year, the Financial Supervisory Authority (ASF) reports. "To an extent of…




18:40, 01.03.2024

EU unblocks about €2 billion from suspended funding for Hungary

EU unblocks about €2 billion from suspended funding for Hungary

Hungary managed to unblock about €2 billion in European Union funds as Prime Minister Viktor Orban’s government made further progress in the recovery of crucial financing, according to Bloomberg. The European Commission…




18:31, 29.02.2024

Fondul Proprietatea ends 2023 with net loss of 896.1 million RON

Fondul Proprietatea ends 2023 with net loss of 896.1 million RON

Fondul Proprietatea recorded a net loss of 896.1 million RON in 2023, compared to a net profit of 2.769 billion RON obtained in 2022, according to a company's report sent to the Bucharest Stock Exchange on Thursday.…




15:25, 29.02.2024

EU to release billions of euros to Poland that were frozen over previous government policies

EU to release billions of euros to Poland that were frozen over previous government policies

The European Commission announced on Thursday that it will begin releasing billions of euros to Poland that were frozen over the previous government’s policies that the bloc said amounted to widespread backsliding…




17:35, 28.02.2024

Rabla Plus car scrappage programme, allocated 1 bln RON from Environment Fund Administration budget

Rabla Plus car scrappage programme, allocated 1 bln RON from Environment Fund Administration budget

The 2024 budget of the Environment Fund Administration (AFM) will be RON 9.3 billion, of which RON 1 billion will go to the Rabla Plus car scrappage programme, said Mircea Fechet, minister of Environment, Water…




17:30, 27.02.2024

Budget deficit of 0.45% of GDP in January 2024

Budget deficit of 0.45% of GDP in January 2024

The consolidated budget deficit was 0.45% of GDP in January 2024, compared to 0.25% of GDP in January 2023, according to the data of the Ministry of Finance, published on Tuesday. "The implementation of the general…




08:30, 27.02.2024

FinMin Bolos: Romania is saving RON 2bl by combining elections

FinMin Bolos: Romania is saving RON 2bl by combining elections

Romania is saving RON 2 billion by combining elections, and any kind of saving is welcome, Finance Minister Marcel Bolos said on Monday evening. "In the national budget, we budgeted RON 3.8 billion, almost RON…




21:55, 26.02.2024

Banca Transilvania Group posts 20 pct increase in net consolidated profit in 2023

Banca Transilvania Group posts 20 pct increase in net consolidated profit in 2023

Banca Transilvania Financial Group's net consolidated profit increased by 20% in 2023 compared to the previous year, to RON 2.98 billion, of which the bank's profit of RON 2.49 billion was 14% higher than in 2022,…




08:36, 19.02.2024

Bucharest stocks win almost 1.3 bn RON in capitalisation last week

Bucharest stocks win almost 1.3 bn RON in capitalisation last week

The Bucharest Stock Exchange (BVB) gained in the last week almost 1.3 billion RON in capitalisation, while the value of share transactions decreased by 37.9 million RON compared to the previous period, according…




10:41, 14.02.2024

Romanias primary energy sources, down almost 3pct in 2023

Romania's primary energy sources, down almost 3pct in 2023

Romania's primary energy sources decreased by 2.9% in 2023, y-o-y, while final commercial electricity consumption was down 4.1%, according to the National Institute of Statistics (INS). Between January 1 and December…




15:50, 12.02.2024

Romania has received EUR 22.846 bn from the Cohesion Policy 2014-2020 allocation

Romania has received EUR 22.846 billion from the Cohesion policy 2014-2020 allocation and has reached an absorption rate of 95 percent, the minister for European Investment and Projects, Adrian Caciu, announced…




10:55, 08.02.2024

BRD, 1.66 billion RON in net profit in 2023, up 24% from 2022

BRD, 1.66 billion RON in net profit in 2023, up 24% from 2022

The BRD Group achieved a net profit of 1.66 billion RON in 2023, up 24%, compared to 1.34 billion RON in 2022, and the return on equity (ROE - Return On Equity - ed.n) reached 21% compared to 15.9% in 2022, according…




17:05, 05.02.2024

Ministry of Finance borrows 1.5 billion lei from banks

Ministry of Finance borrows 1.5 billion lei from banks

Ministry of Finance borrows 1.5 billion lei from banksThe Ministry of Finance (MF) on Monday borrowed 1.503 billion lei from banks through an issue of benchmark government bonds and another of discounted treasury…




10:30, 05.02.2024

Bucharest stock market sees RON 7 bn-plus cap gain in the week of Jan 29 - Feb 4

Bucharest stock market sees RON 7 bn-plus cap gain in the week of Jan 29 - Feb 4

The Bucharest stock market's capital gain last week was in excess of RON 7.09 billion, while the value of stock trades was RON 132.58 million lower compared to the previous week, shows data released by the Bucharest…




16:50, 01.02.2024

Romanias forex reserves advance to EUR 61.416 bln at the end of January

Romania's forex reserves advance to EUR 61.416 bln at the end of January

As of end-January, the forex reserves of the National Bank of Romania (BNR) stood at 61.416 billion euros, up 2.7 pct up from 59.770 billion euros at the end of December 2023, the central bank announced in a release.Inflows…




15:20, 01.02.2024

Ministry of Finance planning to borrow over RON 6.2 billion from banks in February 2024

Ministry of Finance planning to borrow over RON 6.2 billion from banks in February 2024

The Ministry of Finance (MF) is planning to raise this February RON 5.5 billion from commercial banks, to which another RON 705 million may be added through additional non-competitive bidding sessions related to…




20:50, 31.01.2024

Multiple records in 2023 at BVB: capitalization of over 300 bn RON, indices at historical highs

Multiple records in 2023 at BVB: capitalization of over 300 bn RON, indices at historical highs

The year 2023 was a chapter of unprecedented performances for the capital market in Romania, recording historical highs on several levels, such as the value of transactions with shares and bonds, average daily…




20:50, 31.01.2024

20 centers of excellence in research to be financed with 1.6 billion RON

20 centers of excellence in research to be financed with 1.6 billion RON

The Ministry of Research, Innovation and Digitization (MCID) announced on Wednesday the launch of the competition for centers of excellence in research, whose budget of 1.6 billion RON represents the "biggest"…




19:15, 31.01.2024

Government debt rises to 49.7% of GDP in November (Ministry of Finance)

Government debt rises to 49.7% of GDP in November (Ministry of Finance)

Public administration debt (government debt) increased in November 2023 to 769.907 billion RON, compared to 753.009 billion RON in the previous month, i.e. to 49.7%, from 48.6% in October 2023, according to data…




12:26, 25.01.2024

New Home programme continues in 2024 with 1 billion RON guarantee ceiling

New Home programme continues in 2024 with 1 billion RON guarantee ceiling

New Home programme continues in 2024 with 1 billion RON guarantee ceilingThe New Home programme will continue in 2024, and the guarantee ceiling is 1 billion RON, the Ministry of Finance announced on Thursday,…