The European Commission has concluded that Romania's €250 million (RON 1.25 billion) recapitalisation of the majority state-owned Exim Banca Romaneasca does not constitute State aid within the meaning of EU State aid rules. In September 2024, Romania informed the Commission of its intention to recapitalise Exim Banca Romaneasca. The primary goals were to increase lending volumes, develop synergies between retail and corporate activities, optimise internal processes, and improve the structure of financing sources. Romania submitted a business plan covering the period 2025–2032 and a report on the 'private investor test' conducted in connection with the planned capital increase. The Commission evaluated these documents. The Commission assessed the measure under EU State aid rules and found that Romania's recapitalisation of Exim Banca Romaneasca 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 way acceptable to a prudent private investor, the intervention does not constitute State aid. The Commission's assessment of Romania's business plan for Exim Banca Romaneasca showed that the €250 million capital injection would provide returns consistent with market conditions for the Romanian State, which is Exim Banca Romaneasca's majority shareholder. The business plan forecasts an increased market share in lending and deposits, improved efficiency, and robust capital levels. The non-confidential version of this decision will be made available under the case number SA.115897 in the State aid register on the Commission's competition website once any confidentiality issues have been resolved.
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 […]
