• Home
  • Contact
  • Submit a News Release
Sunday, June 29, 2025
  • Login
No Result
View All Result
NEWSLETTER
Mainland Times — Breaking Continental European News
  • Climate
  • Business
  • Economy
  • Europe
  • Health
  • Education
  • Society
  • Sport
  • World
  • Climate
  • Business
  • Economy
  • Europe
  • Health
  • Education
  • Society
  • Sport
  • World
No Result
View All Result
Mainland Times — Breaking Continental European News
No Result
View All Result
Home Health

Austria’s Raiffeisen to reevaluate its Romanian operations due to the new tax on assets

Michael Sanders by Michael Sanders
12/14/2021
in Health
Austria’s Raiffeisen to reevaluate its Romanian operations due to the new tax on assets
12
VIEWS

Raiffeisen Bank International (RBI), the owner of Romania’s fifth largest bank, will reevaluate its operations in Romania after the government imposed the new tax on assets through the emergency decree 114/2018 approved in December, its chief executive said on Wednesday.

Raiffeisen’s Romanian subsidiary has assets of EUR 8.97 billion, or 6.4 percent of the group’s assets, and is the 5th largest bank in Romania in terms of assets.

“We will need to reevaluate Romania,” Johann Strobl said in Raiffeisen’s annual report, cited by Reuters.

The bank said the impact of the new tax could not be quantified yet.

In Romania, Raiffeisen’s main initiatives are to “scale up retail customer base while optimizing footprint” and a “clear focus on risk/return in corporates, diversification of revenue streams,” according to the bank’s report.Read more aboutAdrian Apostu (Dino Parc Râșnov): 2 million visitors represent a milestone that makes us both happy and responsible read more

Recommended

Tottenham vs Arsenal betting offer: Get Spurs to win at 12/1 OR Arsenal at 15/1 with 888Sport new customer special

Tottenham vs Arsenal betting offer: Get Spurs to win at 12/1 OR Arsenal at 15/1 with 888Sport new customer special

3 years ago
Poland, Czech Republic and Hungary mark 20 years of NATO membership

Poland, Czech Republic and Hungary mark 20 years of NATO membership

4 years ago

Popular News

  • The Top European Online Media Outlets: A Guide to Trusted News Sources

    The Top European Online Media Outlets: A Guide to Trusted News Sources

    0 shares
    Share 0 Tweet 0
  • Letter: Bill Broderick obituary

    0 shares
    Share 0 Tweet 0
  • JeraSoft Celebrates 20 Years of Trusted Connections

    0 shares
    Share 0 Tweet 0
  • Belarus shuts down largest independent news portal, arrests staff

    0 shares
    Share 0 Tweet 0
  • The AI Revolution Rebuilding America’s Home Services

    0 shares
    Share 0 Tweet 0

Newsletter

Subscribe and receive the latest news to your email.

SUBSCRIBE

Category

  • Business
  • Climate
  • Economy
  • Education
  • Europe
  • Health
  • Latest
  • Society
  • Sport
  • World

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

About Us

Mainland Times is an independent online outlet that publishes socially relevant news taking place on the European continent. Mainland Times aggregates news from several sources, and also provides coverage through a network of local correspondents.

  • Home
  • Contact
  • Submit a News Release

© 2021 All rights reserved.

No Result
View All Result
  • Home
  • Europe
  • Economy
  • Health
  • Climate
  • Climate
  • Business
  • Sport
  • Education
  • Society
  • World

© 2021 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In