Romanian goods exports came to 52.5 billion euro in 2014, up 5.8 percent year-on-year, slightly outpaced by imports which rose by 5.9 percent totaling 58.5 billion euro, according to the preliminary estimations of the National Institute of Statistics (INSSE)....more »

The Board of the National Bank of Romania decided to drop again the monetary policy rate, from 2.5 percent to 2.25 percent per year, a new record-low level effective from February 5, 2015, reads a press release of BNR....more »

Banks' efforts to clean up their balance sheets burdened with non-performing loans (NPLs) generated a financial loss of 3.58 billion lei for the domestic banking system, explained BNR's Governor, Mugur Isarescu, during a press conference on the Swiss Franc crisis issues....more »

Lending activity in Romania continues to be slow, as banks seems to remain prudent and very cautious when it comes to releasing new loans, given the latest data provided by the National Bank of Romania (BNR) which indicates that non-governmental loans decreased by 3.1 percent year-on-year in 2014 to 211.6 billion lei....more »

Hidroelectrica has posted a turnover of 3.4 billion lei in 2014, the highest ever, likewise the related profit, the electricity producer's obtaining a gross profit of 1.2 billion lei (net profit of 967 million lei). The state-owned enterprise increased its revenues by 10.5 percent compared to the previous year, while it boosted its profit by 33 percent year-on-year....more »

After announcing the list with the Authorized Advisors for the AeRO market, the Bucharest Stock Exchange (BVB) invited them to open Friday's January 23rd trading session. The AeRO market is the equity segment of the BVB’s alternative trading system, designed for listing of early stage companies, start-ups and SMEs, offering them a mechanism to access the necessary capital for development and growth purposes. It is based on the BVB alternative trading system existing since 2010 and it will be launched under a redesigned and reconstructed concept on February 25, 2015....more »

Oltchim anticipates a significant improvement in its financial evolution corresponding to 2014, the second year of insolvency, when the preliminary results indicate a turnover 25 percent higher year-on-year, increasing exports and an improved EBITDA, according to a press release of the state-owned company....more »

The European Bank for Reconstruction and Development has maintained the forecasts as regards Romania's economy which is expected to advance by 2.8 percent in 2015, indicates the latest regional report of the financial institution....more »

Bucharest-based Raiffeisen Leasing, the subsidiary of Austria’s Raiffeisen Bank International has been provided a 132 million lei (about 30 million euro) loan by the European Bank for Reconstruction and Development, funds which will be on-lent to micro, small and medium-sized enterprises (MSMEs) to finance leases of equipment, trucks, trailers and commercial vehicles, according to a press release of the financial institution....more »

The law no. 11/2015 enforcing the emergency ordinance that provides the reduction of the tax on special construction by 33 percent will come into effect as from January 16, 2015 after being published in Romania’s Official Gazette three days earlier....more »