Financial
February 05, 2016 11:38
Banca Transilvania has purchased a
portfolio consisting of performant loans, granted by the Bank of
Cyprus in Romania to some retail customers. The transaction will be
finalized at the end of February this year and, as a result, it will
increase the retail customers database of Banca Transilvania. Thus,
the Bank continues its’ acquisitions on the local market,
subsequently to the taking over and integration of Volksbank Romania
in 2015....more »
January 28, 2016 09:11
bpv Grigorescu Ştefănică offered
advice on one of the most recent transactions in the financial
technology (FinTech) sector on the European stage. The transaction
involved a funding of EUR 8 million obtained by the German company
Mambu, one of the most dynamic providers of banking software. bpv Grigorescu Stefanică represented
the investment fund Acton Capital Partners, that together with
CommerzVentures, provided an infusion of capital for Mambu in a
series B funding round. ...more »
December 08, 2015 11:26
The representatives of the Romanian IT company Life is Hard officially opened the trading session of the Bucharest Stock Exchange (BVB), on Tuesday, December 8, 2015, marking the debut of the first software developer on the AeRO market. Life is Hard is the developer of the most important software platform for insurance brokerage and comes on AeRO with an anticipated market capitalization of almost RON 6.9mn (EUR 1.5mn). Via the 24Broker.ro application there were subscribed polices of EUR 160mn in 2014, which is a 30% market stake of all intermediations performed by insurance brokers....more »
December 05, 2015 07:31
President Klaus Iohannis promulgated the law concerning deposit guarantee schemes and the Bank Deposit Guarantee Fund, the Presidential Administration reports cited by Agrepress. The main novelties refer to recognizing two administration regimes for bank deposit guarantee schemes, regulating the law of protective institutional systems and contractual schemes concerning guarantees, (...) regulating the procedure of official recognition of privately-managed deposit guarantee schemes by the National Bank of Romania as the authority designated to supervise such deposit guarantee schemes; introducing the option of deposit guarantee schemes from various European Union member states merging together; imposing an explicit supervision regime on continual bases by the National Bank of the activities of the privately-managed deposit guarantee schemes officially recognised in Romania....more »
November 12, 2015 11:55
A number of Romanian companies that have used EU funds will soon have to return most or all of the money they utilized. ...more »
November 10, 2015 13:09
According to EUROSTAT, Romania has seen the greatest growth in terms of retail trade in September of 2015 compared to the same period of 2014......more »
November 06, 2015 14:35
During this particular period,
when companies are in the middle of the budgeting process for the
following year , the state aid event
was a great opportunity to get an overview on this incentive and
learn more about financing investments on non-reimbursable funds
through the State Aid Schemes for 2014-2020 in Romania .
...more »
November 05, 2015 16:44
MasterCard has recently introduced the
contactless card payment system for Vending Zone's O'Fresh vending machines and
has subsequently seen much better results than originaly expected, as 30 percent
of consumers opted for this method of paying....more »
October 28, 2015 16:45
On the 27th of October 2015,
the Romanian Government approved, changes which are to be applied to
the New Fiscal Code, which will enter into force starting January
2016....more »
October 28, 2015 16:38
Marius Nica, Romanian Minister of
European Funds declared recently(1) that the country's EU fund
absorption rate was estimated at around 65 percent and that by the
end of the year it would probably reach 70 percent. ...more »
