Fitch Ratings has affirmed Romania's long-term IDR (Issuer Default Rating) at ‘BBB-‘ and local currency IDR at ‘BBB’, respectively, the outlooks remaining stable, indicates a release of the credit rating agency....more »

BCR has reported losses of 2.8 billion lei in 2014 on account of their decision to reduce the non-performing loans portfolio which doubled risk provisions to 4.4 billion lei, thus counterbalancing the 1.9 billion lei operating result....more »

Hidroelectrica will execute in early March the letter of guarantee worth 8 million euro issued by UniCredit Bank Austria on behalf of Andritz Hydro for the refurbishment of five hydropower plants, after having won a dispute against the Austrian company....more »

Banca Transilvania (BT) has appointed A.T. Kearney, a global management consulting firm, to arrange the integration process of Volksbank Romania, the bank announced....more »

Courier company Sameday (Delivery Solutions) and venture capital/private equity fund Carpathia Capital open up road to the new AeRO market, the alternative trading system created by the Bucharest Stock Exchange (BVB) for early-stage companies, start-ups and SMEs, launched under a redesigned and reconstructed concept on February 25, 2015....more »

The decline recorded last year in terms of new loans has continued over January 2015, shows the latest report provided by the National Bank of Romania (BNR) which indicates a 0.3 percent decrease in non-governmental loans compared to December 2014 and a 3.8 percent drop compared to the same month in 2014....more »

Hidroelectrica has achieved gross profits of 140 million lei in January 2015, twice as much as a year ago. The improvement is due to the increasing volume of energy production, corroborated by lower operating costs, explains the hydropower energy producer....more »

The Government has released recently the new draft Tax Code which comprises several ultra-liberal measures, such as a diminution of the VAT, a reduced flat tax, the elimination of the tax on special construction, or lower social security contributions for both employers and employees, which would generate a gross budgetary deficit of over 16 billion lei....more »

Romania's main gas producer, Romgaz, has announced a preliminary net profit of 1.4 billion lei, up by 44 percent year-on-year, whilst its estimated revenues increased to 4.5 billion lei from 3.9 billion lei in 2013....more »

Rompetrol Rfainare, Rompetrol Downstream, KazMunayGas Trading and KMG Rompetrol intend to access a syndicated revolving loan worth 390 million euro which will be partially used to refinance previous loans and to support the current operations and activities of the companies, according to an informing sent to the Bucharest Stock Exchange....more »