Acting President Ilie Bolojan welcomed on Wednesday at the Cotroceni Presidential Palace a delegation of the Romanian banking associations consisting of members of the Romanian Banking Employers' Council (CPBR) and the Romanian Banking Association (ARB).The meeting took place as the acting president expressed openness for engaging in a constructive dialogue with the business milieu, aimed at improving the financial-banking climate in Romania, the Presidential Administration said."The discussions focused on ways to support cooperation between the state, the banking sector, the business milieu and the citizens. Among the topics approached were the need for a courageous approach on the part of banks, by facilitating lending for investments, but also by creating a system that supports the absorption of European funds through banking services intended for enterprises or local public governments that implement projects financed from non-reimbursable European funds," the cited source said.The meeting also looked at other topics of relevance to the banking sector, considering the diversification of service portfolios and supporting economic growth.President Ilie Bolojan stressed the importance of banks taking up an active role as partners of the state for the country's economic development, expressing his support for the messages conveyed by the representatives of the two umbrella bodies of Romania's financial-banking sector.The representatives of the banking associative environment expressed their willingness to collaborate to identify solutions that benefit both the citizens and the Romanian economy."As a banking system, we are here to give out loans, we are here to grow our country's economy, we are here to contribute to the growth of prosperity. This is something that we all need to understand. We have assimilated this role and would be very happy if together we could set in place the premises, for example, for growing financial intermediation as it is defined in theory, specifically loans referenced to GDP, as Romania has one of the lowest intermediation rates in Europe. I must also say that although the European trend is for a decrease in the so-called financial intermediation, we are still at a very, very low level, but our task is to loan the economy, to lend to the population," said the president of the Romanian Banking Employers' Council Sergiu Manea. (Photo:https://www.presidency.ro/)
The Bucharest National Opera will open the Romania–Italy Cultural Year 2026 with a gala concert in Rome on December 1, Romania’s National Day. The event, hosted at the prestigious Teatro dell’Opera di Roma, is organized by the Romanian Embassy in Italy in partnership with the Bucharest National Opera and supported by Romania’s Ministry of Foreign […]
German company Henkel, with over 500 employees in Romania, has opened a new headquarters in Bucharest, marking a fresh chapter in its three-decade presence in the local market. The space blends Henkel’s “Smart Work” concept with Romanian cultural design elements inspired by Constantin Brâncuși and traditional motifs, while a dedicated quiet zone pays tribute to […]
A couple of years ago, Romania’s Defense Ministry concluded a USD 400 million deal with Israeli company Elbit for the development of seven Watchkeeper X systems, which will be used to detect Russian operations near the border areas. The drones will be delivered in a few months, according to the manufacturer, as reported by Digi24. […]
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
