The Romanian banking sector is not directly exposed to the risks associated with the conflict in Ukraine, and the attracted deposits amount to a modest value for our system, of 17.9 million lei for Russia and 40.7 million lei for Ukraine, Leonardo Badea, vice president of the National Bank of Romania (BNR), said on Thursday."The Romanian banking sector is not directly exposed to the risks associated with this conflict [from Ukraine - editor's note]. Exposures of the credit institutions are low in respect to the trade-off with Russia or Ukraine, there are no such granted loans and advances in balance sheets, and the attracted deposits amount to a modest value for our system, of 17.9 million lei for Russia and 40.7 million lei for Ukraine, according to the data from December 2021. About 300 enterprises running on capital from Russia have been identified, but the role these firms play among the total non-financial companies in insignificant, as they generate 0.1pct of gross value added, produce 0.66pct of turnover, hold 0.2pct of the total assets of non-financial companies and employ 0.08pct of the total number of employees," said Leonardo Badea, at the European Financial Services Conference ECFS2022, organized by the Institute of Financial Studies.According to him, the exposures of credit institutions in Romania to domestic companies running on Russian capital are very low, of 71 million lei. The long-term private debt to non-financial creditors of Russian companies stood at 145 million euros at the end of 2020.He also referred to the impact on the energy sector, noting that between January and November 2021, 70pct of the gas consumed in Romania was from local production and only 10pct of the total consumed by Romania was supplied by Russia.
Allianz-Țiriac, one of the largest insurance companies in Romania and the local subsidiary of one of the world’s strongest insurance brands, and MediHelp International, the market leader in international health insurance brokerage in Central and Eastern Europe, have entered into a strategic partnership to provide Romanians access to innovative health protection solutions and medical services […]
Leventer Medical Group announced the official opening of the private Băneasa Tumor Center Hospital, a project dedicated to the integrated treatment of tumor pathologies, on Thursday, February 12, after an investment of EUR 30 million. The hospital located in the myhive Victoria Park in the north of Bucharest was designed and built over 4 years. […]
A 51-year-old woman died after an electric car caught fire on Friday, February 13, in Bucharest’s District 6. The driver of the car, a 56-year-old man, was reportedly transported with injuries to the Bagdasar Arseni Hospital. According to initial information, the fire spread to several vehicles. "Upon the arrival of the first crews, the fire […]
The famous “Gate of the Kiss” made by Constantin Brâncuși was recreated in Bucharest as part of the “You are Brâncuși!” project to mark 150 years since the sculptor's birth. The project is a collaboration between the Constantin Brâncuși Research, Documentation and Promotion Center in Târgu Jiu and auction house Artmark, which hosts the recreated […]
Legendary theater director Eugenio Barba, founder of Odin Teatret and a pioneer of anthropological theater, will start the international “Iconic Personalities” programme at Grivița 53 Theater in Bucharest with a special two-week residency between March 7 and 22. Marking his 90th birthday, Barba chose the newly established Bucharest theater over long-standing partner venues across Europe […]
Romanian energy company OMV Petrom (BVB: SNP) will build a photovoltaic park at the Petrobrazi refinery. With an installed capacity of approximately 7 MW, the park will supply renewable electricity for the refinery’s internal consumption. “Installing the photovoltaic park within the refinery helps us cover part of the internal electricity consumption from renewable sources. It […]
