The value of loans granted by non-banking financial institutions (IFNs) in Romania reached a record level of over RON 37.5 bln (EUR 7.5 bln) at the end of June 2021, up 6.7% YoY, according to the latest KeysFin analysis. In 2020, the loans granted by the IFNs registered in the General Register increased by 2.3% to RON 35.2 bln, but at the end of December 2020, they remained by 4% below the historical level of RON 36.8 bln reached in December 2008. "After the risk aversion and subdued demand amid uncertainty pushed down lending during the first part of the pandemic, in the fall of 2020, the mood gradually turned to normal, and in the first half of 2021, we reached the historical levels of lending," said Diana Florescu, economic analyst KeysFin, one of the most important providers of business information solutions from Romania. According to the total asset at the end of 2020, Unicredit Leasing IFN was the largest IFN in Romania, with RON 5.3 bln - 13% market share. It was followed by BCR Leasing IFN, with total assets of RON 2.7 bln (7% market share), Unicredit Consumer Financing IFN SA, with total assets of RON 2.3 bln (6% market share), Deutsche Leasing Romania IFN and Impuls Leasing Romania IFN, according to data from the Ministry of Public Finance consulted by KeysFin.
Romanian athlete Amalia Covaliu won the gold medal in the women's sabre event on Tuesday, April 8, at the Wuxi 2025 Junior & Cadet World Championships in China. Amalia did not compete in the first round, and in the second round she defeated another Romanian, Amelie Pescaru, 15-7. In the third round she won the […]
American technology company Genpact announced the opening of a new delivery center in Iași, Romania, on Wednesday, April 9. The company already employs 5,000 people in Romania, and has a history of over two decades in the country. Its Iași team has expanded quickly, growing from just a handful of professionals to more than 650 […]
The French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER), which has some 600 member companies, has elected a new Board of Directors. The board now includes: Nicolas Richard (Engie) – President; Cristina Bojica (Gruia Dufaut & Asociatii) – Vice President; Anne-Sophie Bauwens (Carrefour); Costin Borc (Groupe SNEF); Fady Chreih (Regina Maria); Sébastien Demichelis […]
Romanian interim president Ilie Bolojan promulgated the law that allows patients to express their gratitude towards doctors through donations made to the medical institution on Tuesday, April 9. According to this law, patients can make donations to the hospitals where they were treated, instead of giving gifts to the medical staff, as was often the […]
Vlad Boeriu, Tax & Legal Partner-in-Charge at Deloitte Romania, has been elected president of AmCham Romania for the following one-year mandate. He will be joined in the executive committee by vice-presidents Cerasela Baiculescu, Country General Manager, IBM Romania & Moldova and Gabriela Popescu, Corporate, External and Legal Affairs Lead, Central Europe, Microsoft, together with Luminița […]
Dietary supplement producer Cosmo Pharm has opened a laboratory for supplement research and production following a EUR 2 million investment. This is part of the company’s broader strategy to increase output at its Ilfov facility by up to 40% in response to rising demand. Following this investment, the company plans to launch 40 new formulas […]
