Banking & Finance

Banking & Finance

The financial market brought down OTP Bank Romania; the Hungarian bank’s market share remained insignificant, below 2%

Bucharest, 24.05.2023 – The bad news about Hungary continues. After the isolation, until the exclusion from the Visegrad Group, the strained relations with Brussels, the...
Banking & Finance

Inflation in the EU: Hungary is the champion again in April. Romania shows a significant decrease in the Eastern Bloc

Brussels, April 17, 2023 – Inflation is starting to deflate in most states in the European Union, excluding Hungary, which continues to break all...
Banking & Finance

The Board of the National Bank of Romania decided to keep the monetary policy rate at 7.00 percent per annum

According to today's press release of the central bank of Romania, The annual inflation rate fell significantly in March 2023, down to 14.53 percent...
Banking & Finance

The inflation rate is decreasing in the EU. In the Eastern bloc of the European community, Romania, Bulgaria, and Slovenia have the lowest levels

Today, Eurostat published the annual state of inflation in March 2023. Both in the euro area and in the EU as a whole, this...
Banking & Finance

The National Bank of Romania decided to keep the monetary policy rate at 7.00 percent per annum

In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: >>>to keep the monetary policy rate at 7.00...
Banking & Finance

The annual inflation rate was 15.5% in February, from 15.1% in January

By RBJ The annual inflation rate increased to 15.5% in February 2023, from 15.1% in January 2023, in the conditions in which food goods rose...
Banking & Finance

The EC approves the establishment of the Romanian Investment and Development Bank, with an initial capital of 1.6 billion euros

By RBJ The European Commission has approved, based on the EU rules on state aid, a measure adopted by Romania, in the amount of 1.6...
Banking & Finance

The foreign exchange reserves at the National Bank of Romania increased by over 6 billion euros in 2022

By RBJ The foreign exchange reserves at the National Bank of Romania (BNR) stood at 46.636 billion euros in December 2022, compared to 45.594 billion...
Banking & Finance

Inflation breaks the record in November: 16.8%; food products, the most expensive

By RBJ The annual inflation rate rose to 16.8% in November 2022, from 15.32% in October, due to the increase in the price of food...
Banking & Finance

Government debt dropped to 47.6% of the GDP

By RBJ Public administration debt (government debt) amounted, in September, to 646.073 billion lei, compared to 628.289 billion lei in August and 577.521 billion lei...
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Romania: Palace of Parliament

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Economy

JT Grup Oil completes JT Terminal, the first private oil terminal with access directly to the Black Sea

Constanta/Romania, September 3, 2026 - RBJ - JT Grup Oil S.A. (BVB: JTG), a Romanian company active in the...

Romania: Cantacuzino Castle

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