billion euros

Brussels is working on emergency measures to curb soaring household energy bills following Russia's invasion of Ukraine.Ursula von der Leyen, President of the European Commission, has promised to offer ideas for possible energy price…

Gas station in Lefkas. Gas prices skyrocketed after the war in Ukraine. Credit: Alf Van Beem/Wikimedia Commons CC0 The impact of the war in Ukraine on the Greek economy, particularly on energy, tourism and raw materials has alarmed…

The golden beaches of Cyprus may seem a far cry from Russia's invasion of Ukraine, but many on the eastern Mediterranean vacation island fear the damaging financial fallout from unprecedented sanctions on Moscow.Nicosia and Moscow have…

Forint: Foreign exchange interventions seem a distant option After closing in on the all-time high of 372, the tension on EUR/HUF has eased somewhat and it is now hovering around 368 levels. The National Bank of…

PRAGUE, Feb 25 (Reuters) - The Czech Republic is calling on EU member states of the International Investment Bank (IIB) and the International Bank for Economic Cooperation (IBEC) to leave Soviet-era institutions that count Russia as their…

KYIV, Ukraine (AP) — French President Emmanuel Macron said Tuesday that Russian President Vladimir Putin had told him during their marathon talks a day earlier that Moscow would not escalate the Ukraine crisis any…

Image credit: bunqbunqan Amsterdam-based challenger bank, has announced the launch of a new "Easy Investments" feature as part of its latest app update, bunq Update 19. The new feature allows users to invest in a range of socially and…

In an article published last year on savings in Romania during the pandemic, we pointed out that despite all…

Remarks/Comments - Focus on the FOMC rate decision. The Fed is expected to signal its plans for its first interest rate hike since 2018. - European stocks rally the most in the six weeks ahead of the FOMC decision.…

WASHINGTON (AP) — Under the direction of President Biden, the Pentagon is putting about 8,500 U.S.-based troops on heightened alert for potential deployment to Europe amid growing fears of a possible Russian military move on the…

LONDON, Jan 20 (Reuters) - Poland's biggest drugmaker Polpharma is working on a possible $4 billion takeover of Czech rival Zentiva and is looking for investors to join its bid in exchange for a minority stake in Advent International, three…

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through: STEPHEN McGRATH, Associated Press Job : January 11, 2022 / 1:55 PM EST / Update: January 11, 2022 / 1:55 PM EST BUCHAREST, Romania!-->…

The European Investment Bank (EIB) has confirmed the disbursement of 90 million euros to the electricity distribution company listed on BVB Electrica, the second tranche of the financing of 210 billion euros over 15 years extended to…

Following a similar ruling by the Polish Constitutional Court earlier this year, Romania's Constitutional Court ruled last week that an ECJ ruling could only be implemented if the country's constitution was amended.The decision concerned a…

Faced with the uncertain environment promised in 2021, the global IPO market had an exceptional year, breaking records in IPO volume and growing steadily in the fourth quarter. In the last…

CHISINAU (Moldova), December 22 (SeeNews) - The Black Sea Trade and Development Bank (BSTDB) on Wednesday announced that it had granted a loan of 3 million dollars (2.65 million euros) to the Moldovan company Express…

Growing continuously, Colliers responds to the current challenges and future needs of the Romanian valuation market with the Valuation 360 ° solution, a new line of business…

IMMOFINANZ AG / Keyword (s): Real estate / OfferIMMOFINANZ AG: CPI PROPERTY GROUP intends to launch an Early Compulsory Public Purchase Offer03-Dec-2021 / 20:44 CET / CESTDisclosure of inside information acc. in Article 17 MAR of…

TAMPA BAY, Florida, November 8, 2021 / PRNewswire / - Erste Bank Oesterreich has introduced a new state-of-the-art remote consulting service based on TeamViewer Engage, a secure and privacy-compliant solution for online customer…

The recording is available here. I am very happy to participate in this event and would like to thank the organizers, Energynomics, for their kind invitation. I would also…

The value of loans granted by non-bank financial institutions (NFIs) in Romania reached a record level of over 37.5 billion RON (7.5 billion euros) at the end of June 2021, up 6.7% year-on-year, whichever is latest Key Analysis End. In…

French retail giant Carrefour reported uneven growth in Europe in its third-quarter financial results, generating around 20.4 billion euros ($ 23.7 billion), a 4% increase quarter on quarter from turnover in all its markets. According to…

The European Commission has approved an Italian program of 31.9 billion euros to support companies affected by the coronavirus epidemic. The scheme was approved under the temporary state aid framework. Competition Policy Executive Vice…

The latest ABSL study, carried out in collaboration with PwC, presents the business services industry at a macroeconomic level, as well as in a European context. In 2020, the business…

The Romanian parliament approved the motion of censure tabled by the Social Democratic Party (PSD) against the…

The files would also establish a link between the Czech Prime Minister Andrej Babis in a murky € 15million offshore deal to fund the purchase of a mansion in southern France - unfortunate timing, given this week's…

The Corporate Finance department of Deloitte advised the shareholders of Duraziv, the largest independent manufacturer of building materials in Romania, in the context of the successful sale…

Foreign direct investors in Romania made 9 billion euros in net profits and 2.74 billion euros in losses, a combined…

BRUSSELS, September 27 (Reuters) - The European Commission on Monday approved Romania's € 29.2 billion plan to recover from…

Remarks / Observations The German federal election results sparked what could be months of complex coalition talks (Note: no prospect of a far-left coalition). House Speaker Pelosi fixes Thursday's vote on the infrastructure vote.…

Most agree that urgent action must be taken to address the growing crisis caused by climate change. That's why leaders from 196 countries are meeting in Glasgow in November for a major climate conference, called COP26. But adaptation to…

BUCHAREST (Romania), September 20 (SeeNews) - The Romanian Ministry of Finance on Monday sold 706 million lei ($ 167 million / 143 million euros) at auction of Treasury bonds maturing on January 26, 2028, in below the…

On June 1, the European Investment Bank (EIB) and the European Commission published a new study on the state of advancement of artificial intelligence and blockchain technologies in the European Union: “Artificial…

The mortgage loan celebrates its 20th anniversary on the Romanian market. Alpha Bank Romania was the first banking institution in the country to launch, in September 2001, Alpha Housing, the…

BUCHAREST (Romania), September 1 (SeeNews) - Foreign exchange reserves held by Romania's central bank, excluding gold, stood at 41.616 billion euros ($ 49.7 billion) at the end of August, compared to 39 billion euros a…

Our Monthly Snapshot for Romania Insider members brings you the top topics of the month, to make sure you don't miss the big picture no matter how often you choose to read the news. If you choose to stay away from much of the media…

BUCHAREST (Romania), Aug 24 (SeeNews) - Non-government sector deposits in Romanian banks increased 15.3% over the year to reach 442.3 billion lei ($ 125 billion / 107 billion euros) in July, against an annual increase of…

BUCHAREST (Romania), Aug. 24 (SeeNews) - The value of outstanding loans from Romanian banks to the non-governmental sector increased 12.6% year-on-year to 306.6 billion lei ($ 73 billion / 62 billion euros) in July,…

Romania's seasonally adjusted GDP was 1.8 in the second quarter after 2.5% q / q (revised from 2.9% q / q) in the first quarter, according to a preliminary report released by the Bureau of Statistics August 17. % T / t increased. The…

DGAP-News: Nordex SE / Keyword (s): Alliance23.07.2021 / 07:30 The issuer is solely responsible for the content of this advertisement.Hamburg, July 23, 2021. In the context of continued market dynamics and strong order intake, the Nordex…

Croatia is now near the end of the game for its entry into the euro zone. Last month, the European Central Bank (ECB) make a list of five Bulgarian banks and eight Croatian banks that it would supervise directly from 1 Octoberst,…

The European Investment Bank (EIB) signed a loan of 120 million euros with the electricity distribution subsidiary of the Romanian electricity supplier Electrica Group to finance the modernization of the network,…

The European Investment Bank (EIB) signed a loan of 120 million euros with the electricity distribution subsidiary of the Romanian electricity supplier Electrica Group to finance the modernization of the network,…

"Greek Renaissance at Last" proclaimed a Bank of America banking and economics research note in July. It's the kind of gushing missive, supplemented with allusions to modern…

the The UK-based European Bank for Reconstruction and Development (EBRD) recently announced that it is loaning € 2 million ($ 2.37 million) to ProCredit Bank Bosnia and Herzegovina (PCB BiH) for retrocede "residential…

With early sales data and consumer surveys suggesting that the global digital food ordering market will continue to grow, even as consumers around the world begin to return to their public lives, investors are interested in this. booming…

Multinationals channeled 27 billion euros of profits generated in other countries via Ireland in 2016, according to a new study. Research…

Remarks / Observations Quiet start to the trading week. Focus on Thursday's OPEC + meeting to discuss a sourcing roadmap for August. American Payroll Report Friday. Asia: The BOJ's summary of views on the June meeting noted that it…

Bank lending is gaining momentum in Romania, in part thanks to government programs to help small and medium-sized…

The stock of bank loans in Romania increased by 10.1% yoy at the end of May, to reach 296.27 billion RON (60.2 billion euros), from 8.3% yoy a month more early and 5.5% year-on-year at the end of December, the National Bank of Romania…

The stock of bank loans in Romania increased by 10.1% yoy at the end of May, to reach 296.27 billion RON (60.2 billion euros), from 8.3% yoy a month more early and 5.5% year-on-year at the end of December, the National Bank of Romania…

BUCHAREST (Romania), June 23 (SeeNews) - The value of outstanding loans from Romanian banks to the non-governmental sector increased 10.1% year-on-year to 296.3 billion lei (72 billion / 60 billion euros) in May,…

Large Spanish companies and banks are using the coronavirus crisis to implement massive layoffs and long-planned downsizing plans, even as they rake in billions in profits.In the latest scandalous trade union betrayal, the CCOO and UGT…

Hungary's richest man, Lorinc Meszaros, has defended his rise to the top and fended off criticism that his wealth…

Heinemann has a huge store footprint at Berlin Brandenburg Airport. GEBR. HEINEMANN It's easy to forget that the duty-free channel isn't just about airports - and the pandemic has made that clear. In…

Florin Cîțu: I would like to thank you for the invitation! I'm glad you started with the EU funds, and after discussing the PNRR, we come back to…

Romania's exports rose 113% year-on-year to € 6.25 billion in April, robust growth even after the correction needed for low base effects. Over the past two years, the country's exports have grown 6.3% per year, for the…

Ursula von der Leyen said on Tuesday (June 8) that the European Commission will start approving next week the first national plans submitted by member state governments to secure funds from the bloc's recovery fund in the event of the…

SOFIA (Bulgaria), June 8 (SeeNews) - Last year, Bosnia and Herzegovina recorded the largest annual decline in the ratio of non-performing loans (NPL) among 17 countries in Central, Eastern and South-Eastern Europe (CESEE…

Disasters can have devastating physical, social and financial effects. Over the past decade, Europe has seen major floods and earthquakes, while images of people seeking relief from record heat waves have become…

BUCHAREST (Romania), June 3 (SeeNews) - Romania on Thursday sold 571.8 million lei ($ 142 million / 116 million euros) of Treasury bonds due November 25, 2024, below l 'initial goal, according to central bank data. The…

YREVAN, JUNE 2, ARMENPRESS. The Black Sea Trade and Development Bank (BSTDB) is providing a five-year € 23 million loan to Ameriabank to expand access to finance for Armenian small and medium-sized enterprises (SMEs).…

Romania's coal and power group CE Oltenia, which is seeking European Commission approval for a state-backed € 3.5 billion green resource conversion program, reported another loss from 939 million RON (over 180 million…

Image credit: bunqIn April, the Amsterdam-based challenger bank, bunq, expanded its operations in Germany by launching a local IBAN (International Bank Account Numbers) allowing German members to take full advantage of all the…

Around 3,500 companies that are part of the “green list” for non-reimbursable financing, out of a total of 27,000, which have requested financial support…

BUCHAREST (Romania), May 28 (SeeNews) - The Romanian Finance Ministry announced on Friday that it had received government approval to sign two loan agreements totaling 480 million euros ($ 585 million) with the European…

The stock of bank loans in Romania increased 8.3% year-on-year at the end of April, reaching 293.6 billion RON (59.9 billion euros), according to the National Bank of Romania (BNR). Bank lending gained momentum from January when the…

SOFIA (Bulgaria), May 27 (SeeNews) - US confectionery, food and beverage company Mondelez International has said it has agreed to acquire Greek company Chipita, a major producer of croissants and baked snacks in furnace…

Notes / Observations EU confidence data is improving as vaccinations reopen the region's economies (Germany, Sweden and Italy during the session). USTR Tai held the first trade call with his Chinese counterpart, Vice Premier Liu He;…

Peer-to-peer loan market Mintos revealed to have succeeded in reaching a new milestone with 400,000 users registered on the platform during this quarter. For companies around the world, the past year has brought "three new time frames…

Mintos has reached another milestone with 400,000 registered customers, as it heralds the deployment of the vaccine and signs of an economic recovery. Despite the Covid-19 crisis, 100,000 new users signed up on!-->!-->…

China's economic influence in Central and Eastern Europe is often presented as a threat to the region's independence and security. But how big is this influence? A new study suggests it has been massively overestimated.…

The Bucharest Stock Exchange (BVB) has set record after record in recent months. Not only did its main index, BET,…

BUCHAREST, Romania, May 20 (SeeNews) - The Romanian Finance Ministry on Thursday rejected all bids for an auction of 600 million lei ($ 148 million / 122 million euros) of Treasury bonds coming due June 24, 2026,…

Here are some remarkable clean tech announcements of the day:The global energy player ENGIE develop a renewable energy portfolio of 2 GW in Chile. It includes an additional 1 GW of capacity since the last announcement in 2019. The…

BUCHAREST, Romania, April 28 (SeeNews) - Romania's economic output will increase by around 5% in 2021, analysts at the Ministry of Finance said, revising their previous forecast to 4.3% growth. Romania's gross domestic…

The president of the ruling National Liberal Party (PNL) in Romania, Ludovic Orban, said on April 26 that the…

BUCHAREST (Romania), April 27 (SeeNews) - The value of outstanding loans from Romanian banks to the non-governmental sector increased 6.6% year-on-year to 290.6 billion lei ($ 71 billion / 59 billion euros) in March,…

“For 2021, we are witnessing a spectacular start to the year, possibly the best in the history of the Bucharest Stock Exchange, and we expect this trend to continue. We want to increase the…

“There are a lot of things that can be done for financial inclusion. We have to look around and notice the fintechs that are attacking the market and that offer simplicity, accessibility, simplicity and…

“What we are seeing through all the data that comes in is that the Romanian economy is behaving above expectations as more resilient, more diverse. We have not only seen the positive outlook from S&P on…

The French state is set to become Air France-KLM's first sole shareholder, potentially holding just under 30% of the Franco-Dutch group, following an agreement that will see Air France receive up to 4 billion euros ($ 4.7 billion) for…

Senate calls for details on $ 1.5 billion and € 995 million in agricultural loans The Senate Committee on Local and Foreign Debt on Tuesday asked the ministries of Agriculture, Finance and the Debt Management Office to…

Czech billionaire Petr Kellner, owner of media group Central European Media Enterprises (CME), died in a helicopter crash in Alaska on Saturday. Kellner's company, PPF Group, acquired CME in October 2020 from AT&T. CME…

BELGRADE (Serbia), March 18 (SeeNews) - The Board of Directors of the World Bank has approved a loan of $ 62.5 million (€ 52.3 million) for the modernization of the railway sector in Serbia, a he…