Business Forum
| 27 January, 2025 at 11:48 AM
Norofert issues a new set of bonds worth RON 7 million
Following the offer, Norofert issued 69,503 unsecured and non-convertible bonds having a nominal value of RON 100.
Following the offer, Norofert issued 69,503 unsecured and non-convertible bonds having a nominal value of RON 100.
The ratio between the total number of tabulated mortgages and the total number of residential transactions registered in 2024 was of 51%.
Through iBanFirst's digital platform, businesses can conduct fast and secure international transactions in over 30 currencies at lower costs, while tracking payments in real-time.
Hellas Direct has formed partnerships with over 170 brokers, covering 95% of the market, while constantly growing its Romania-based team of experts and claims service partners.
Emerging Markets Climate Action Fund increases to €450 million with final contribution from Germany.
The new application enables users to track specific companies and use predefined lists organized by industries and economic sectors.
The amount saved can be consulted in BT Pay and can be used at any time by transfer to your current account with Banca Transilvania.
The authorities are preparing to launch more than 15 separate funding lines, with allocations ranging from €50,000 to more than €57M.
UniCredit multi-year partnership with Ferrari, the world-famous luxury brand, was first announced in September 2024.
Romanian investors are keeping Tesla in first place in the most-held stocks standings.
Private sector transactions included a €40 million risk-sharing agreement with Banca Transilvania for Omnia Europe SA.
BT is the first banking institution to integrate artificial intelligence into customer communication, services and processes.
Investors are anxiously eyeing the tariff-related decisions Donald Trump may make once he reaches the Oval Office in the White House.
The six-month index, used to calculate interest rates on variable-rate lei mortgage loans, stagnated at 5.97% per annum.
The biggest risk for Romania in 2025 is not Trump tariff's policy, the German recession or the Ukraine war, but the continued deterioration of the fiscal situation.
For households, green loans amounted to around RON 10 billion in September 2024, +50% compared to September 2023, and accounted for 5.7% of the bank loan portfolio to this segment.
The bulk of this debt, RON 780.243 billion, was government securities. Borrowing amounted to RON 131.258 billion.
Total revenues amounted to RON 523.9 billion in the first 11 months of 2024, up 12.7%, while expenditures of the consolidated general budget totaled RON 649.6 billion, up 20.6%.
As of April 2020, Romania has been in the excessive deficit procedure (EDP), as a result of exceeding, in 2019, the 3% budget deficit limit set in the Stability and Growth Pact (SGP).
The elimination of the holiday vouchers will freeze or cancel investments in tourism infrastructure.
As of September 30, 2024, there were 9.03 million participants enrolled in the 17 private pension funds, compared with 8.86 million at the end of the previous year.
Total gross claims paid (including branches) amounted to around RON 8 billion in the first nine months of 2024.
Banca Transilvania's shareholders approved BT's merger with OTP Bank Romania at an Extraordinary General Meeting.
During the EY-led process, the team provided full sell-side M&A assistance, structuring and coordinating the execution of the transaction.
Romania's GDP increased by 0.3% on the unadjusted series and 1.5% on the seasonally adjusted series in the first six months of the year, compared to the first half of 2024.
Romania is set to establish its first national AI infrastructure through a joint project launched by the National Institute for Research and Development in Informatics.
The European Investment Bank (EIB) has granted a €25 million loan to Patria Bank to support Romanian small and medium-sized enterprises (SMEs) and Mid-Caps.
Rețele Electrice Romania, part of the PPC group in Romania, is investing approximately RON 70 million (€14 million) to upgrade Bucharest's electricity distribution infrastructure.
Visual Fan's Allview Energy division has completed a 1.96 MWp photovoltaic park project at the Cacica Salt Mine in Pârteștii de Jos, Suceava County.