The EBRD is lending 15 million Euro to the municipality of Alba Iulia to fund the rehabilitation of the city’s public transport infrastructure. The project will be co-financed with the European Union. The Bank’s loan will be used to redesign and […]
ROCA Agri RDF, the agricultural holding launched by ROCA Investments, aims to support farmers by preparing the launch of a Non-Banking Financial Institution (IFN). This IFN is intended to cater to the financing needs of the agricultural sector, pending the […]
OTP Bank Romania announces the financial results for the first half of 2023. The bank recorded a consolidated net profit of 183 million RON in the first semester of 2023, driven by higher operating profit and positive risk costs on […]
The economic and social context this year is challenging for most Romanians, including those working abroad, as most costs have risen exponentially, due to inflation. Financing needs remain the same or even increase in this context and consumers seek lending […]
In the context of the public debates on the fiscal consolidation measures, AmCham Romania reiterates its support for a fair fiscal framework for all market players, which neither allows nor encourages abuses, but stimulates investments, especially in those industries that […]
CEC Bank completed the takeover of 99.993% of the share capital of the Rural Credit Guarantee Fund (FGCR) from BRD Groupe Societe Generale, Banca Comercială Română and Raiffeisen Bank. “In implementing the mandate given by the Minister of Finance, CEC […]
The Orange Group today announces its financial results for the second quarter of 2023, available on June 30. Between April and June, the Orange Romania Group achieved a consolidated turnover amounting to 377 million euros[i], down 1.2% compared to Q2 […]
Cerealcom Group, one of the most successful Romanian agribusinesses and the country’s largest producer and exporter of cereals, has signed its first club loan financing. The 100 million euros revolving loan will be used for financing and supporting the operation […]
In September 2022, Romania became the first EU member state to publish legislation transposing the EU Public CbCR Directive According to Order 1730/2023, only Romanian entities with an ultimate parent company established in a non-EU Member State need to report […]
The fact that money is heavily looked for in the state budget is no longer news for anyone. Also, the entire business environment is waiting to see where taxes are cut and where they are raised. We have been talking […]
