The European Commission (EC) has concluded that Romania's EUR 200 million (RON 1 billion) recapitalisation of the wholly state-owned CEC Bank does not constitute state aid within the meaning of EU state aid rules, the commissiom reported on Monday.In September 2024, Romania informed the commission of its intention to recapitalise CEC Bank, with the primary goals of enhancing its lending capacity, developing the CEC Financial Group, and improving operational efficiency by streamlining workflows within the bank. Romania submitted a business plan covering the period 2025-2028, along with a long-term outlook for 2029-2032, and a report on the 'private investor test', all of which were evaluated by the commission.The commission assessed the measure under the EU state aid rules. Following its assessment, the commission found that Romania's recapitalisation of CEC Bank does not constitute state aid. EU state aid rules specify that if a member state acts as a private investor would and is compensated for the risk in a manner acceptable to a prudent private investor, the intervention does not constitute state aid.The commission's assessment of Romania's business plan indicated that the EUR 200 million capital injection would yield returns consistent with market conditions for the Romanian state, CEC Bank's sole shareholder. The business plan forecasts increased market share in lending and deposits, improved efficiency, and robust capital levels.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
