BRD-SocGen, Romania's fourth-largest bank by assets, reported its net profit dropped by 4.6% y/y, to RON 326mn (EUR 65mn) in Q1, because of the impact of the new tax on turnover for the first quarter and the estimated cumulative contributions to the Deposit Guarantee and Resolution Funds for the whole year.
The gross profit rose by 6.5% y/y to RON 455mn.
"Our loan portfolio grew by 12% compared to last year [y/y], with a solid contribution from all business segments.[...] Corporate...
Romania’s Central Electoral Bureau, BEC, rejected the registration of Călin Georgescu's candidacy on Sunday, March 9. Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s annulled presidential elections, officially submitted his candidacy for the repeat presidential election on Friday, March 7. BEC's...
Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s annulled presidential elections, officially submitted his candidacy for the repeat presidential election on Friday, March 7. Outside the Central Electoral Bureau (BEC) headquarters in Bucharest, supporters gathered to chant...
Romania’s anti-fraud agency ANAF will look into roughly 23,000 individuals who have earned income from renting properties for tourism purposes through online platforms such as Booking.com and Airbnb, according to finance minister Tanczos Barna. Individuals identified in this situation will receive compliance notifications, and anti-fraud inspectors will initiate audits where necessary. While obtaining such information […]
The Circular Catalysts program, an initiative of the British Council in partnership with the Romanian Cultural Institute, is making a return to Romania with the reopening of its documentary exhibition at the Museum of History and Ethnography in Târgu-Neamț. Running from March 7 to May 11, the exhibition showcases collaborations between Romanian and British designers, […]
Bucharest general mayor Nicușor Dan submitted his candidacy for the 2025 presidential elections on Friday, March 7, the first to do so among the announced candidates. He is running as an independent, and was assisted by volunteers to gather the necessary signatures. The 2025 presidential elections will take place on May 4 (first round) and […]
Brașov city officials are considering a proposal from a German company that aims to set up a Treetop Walk in the up-and-coming mountain city. It would be the first of its kind in Romania. The company's representatives made a first presentation of the concept on Thursday, March 6. The initiative aims to develop sustainable tourism […]
