The National Bank of Romania achieved a profit of 2.4 billion RON last year, an increase of 124% compared to that recorded in 2022, according to the 2023 Annual Report published on Thursday by the National Bank of Romania."The financial result achieved on December 31, 2023 registered a significantly favorable evolution compared to the previous year, recording a profit in the amount of 2.428 billion RON, 124% (+1.346 billion RON) higher than the one recorded in 2022 (1.082 billion RON), mainly due to the following developments: obtaining an operating profit in the amount of 4.848 billion RON, 3% (-155.714 million RON) below the operating profit of the previous year (5.004 billion RON); of expenses with unfavorable differences from the revaluation of securities denominated in foreign currency in the amount of 260.464 million RON, 13 times (-3.072 billion RON) lower than the level of similar expenses recorded on December 31, 2022 (3.333 billion RON); the recording of expenses with the unfavorable differences from the revaluation of net assets in foreign currency in the amount of 2,159,304, 4 times higher (+1,570 billion RON) than the level of similar expenses recorded on December 31, 2022 (588,643 million RON)," the document says.According to Law no. 312/2004 regarding the Statute of the National Bank of Romania, the main destination was a share of 80% of the bank's net revenues owed to the state budget, in the amount of 1.942 billion RON.Also, the amount of 291.438 million RON was allocated to increase the bank's statutory reserves (representing 60% of the remaining profit after deducting the 80% share of the net revenues destined for the state budget). The remaining profit in the amount of 194.293 million RON will be distributed in 2024 according to the legal provisions.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
