Romanian financial group BCR, part of Austria’s Erste Bank Group, reported a net profit of RON 2.32 billion (EUR 469 million) in 2023, up 33% compared to that of 2022, against the background of improved operational performance, supported by a higher volume of business with clients.
The operating income increased 14.3% to RON 5.27 billion (EUR 1.07 billion) in 2023, from RON 4.62 billion (EUR 936 million) in 2022, driven by stronger net interest income and higher fees collected. Specifically,...
Only 200,000 Romanians have accounts at the Bucharest Stock Exchange (or BVB), which is almost 1% of the country’s population. This is problematic, since investments can protect capital from devaluation, according to specialists at the credit and investment comparison platform MrFinance. Romania is expected to see a 9% inflation rate by the end of the […]
Cristian Radu, the mayor of Mangalia - a popular seaside resort in Romania, has been detained for 24 hours by the National Anticorruption Directorate (DNA) on suspicion of taking bribes, News.ro reported. According to
The well-known “Seaside for All” program is taking place again on the Romanian seaside between September 1–30, promising lower prices. The program has run for over 20 years uninterrupted, and offers low prices for tourists willing to go to the seaside in the off-season. The initiator of the program is the Federation of Employers in […]
Austria’s Addiko Group has entered Romania’s digital banking market with personal loans offered exclusively through its mobile app, seeking to gain ground in one of the region’s fastest-growing financial sectors. The company operates across Central and Southeastern Europe and is entering the local market under the EU’s banking license passporting regime via its Slovenian subsidiary. […]
Local authorities in Brașov County announced on Wednesday, August 20, the signing of the Partnership Agreement for the preparation and implementation of the “Brașov Metropolitan Train” project. The project aims to connect the country’s youngest airport to the national railway network. The initiative comes after an agreement between the Brașov County Council, the Brașov municipality, […]
Romanian police officers were praised for an operation that allowed the seizure of 600,000 fake dollars in a single raid, according to the European police agency Europol. The investigation, led by Austria, Portugal, and Spain, was carried out between October 2024 and March 2025 and revealed several new criminal networks involved in counterfeiting currency. Most […]
