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ECONOMICS

Ratio between pensioners and employees could double by 2032 as compared to 2014, pension fund manager says

2017-04-28 12:38:12
The ratio between pensioners and employees could double by 2032 as compared to 2014, which will cause problems in covering the necessary pension payments by the employees for those who enter the...

ECONOMICS

Orbis turnover increased to 62 million Euro in Q1

2017-04-27 15:57:46
The Orbis Hotel Group turnover increased by 4.4 million Euro in Q1 2017 up to 62 million Euro, a press release shows. Group's EBITDA in the first quarter totalled 8.9 million Euro, representin...

ECONOMICS

Deloitte Romania appoints Alexandru Reff as new country managing partner

2017-04-27 14:59:33
Alexandru Reff has been appointed country managing partner Deloitte Romania and Moldova, effective June 1, 2017. He will succeed Ahmed Hassan, who takes on a regional leadership position.

ECONOMICS

Banca Transilvania posts 246 million RON profit in the first quarter of 2017

2017-04-26 09:39:26
Banca Transilvania's net profit is 246 million RON (54.6 million Euro) for the first quarter of 2017, whereas Banca Transilvania Financial Group's net profit amounts to 267 million RON (59.3 mil...

ECONOMICS

Greg Konieczny, FP: We really need a miracle to think about Hidroelectrica's IPO this year

2017-04-25 15:45:26
There are some good news and some bad news about Hidroelectrica lately, according to Greg Konieczny, director of Fondul Proprietatea, who said in a press meeting that 'we really need a miracle t...

ECONOMICS

PM Grindeanu: Income tax applied in other countries, we are not reinventing the wheel

2017-04-25 09:58:12
Prime Minister Sorin Grindeanu stated on Monday evening at a private TV broadcaster that he expects a final draft of the income tax project so that he can decide, but underlined that this type o...

ECONOMICS

Merger between Banca Comerciala Carpatica and Patria Bank approved by Bucharest Court of Appeal

2017-04-24 10:35:21
Bucharest Court of Appeal approved on April 21, 2017 the merger file between Banca Comerciala Carpatica and Patria Bank, allowing to the two banks to complete all the procedural and operational ...

ECONOMICS

Mol Group approves dividend and share split

2017-04-14 09:31:25
Mol Group held the Annual General Meeting in Budapest, where shareholders approved the report of the Board of Directors regarding finances for the year 2016 and approved consolidated financial s...

ECONOMICS

PM Grindeanu: Insolvency seems to have become national sport

2017-04-13 19:13:42
Prime Minister Sorin Grindeanu has asked the Finance Ministry and the National Tax Administration Agency (ANAF) to come up, by May 15, with a careful analysis of the state of affairs over the pa...

ECONOMICS

Airbus Helicopters and IAR sign exclusive agreement for H215M in Romania

2017-04-13 17:36:39
Airbus Helicopters and IAR have signed an exclusive cooperation agreement for the heavy twin engine H215M multi-role helicopter. IAR will become the prime contractor for the H215M for any future...

ECONOMICS

ALD Automotive to launch leasing product for electric and hybrid vehicles in Romania

2017-04-13 14:24:50
French-based ALD Automotive Romania, one of the largest operational leasing and fleet management companies on the local market, launches first operational leasing product for electric and hybrid...

ECONOMICS

Government to approve decentralisation strategy, says PM Grindeanu

2017-04-12 10:23:21
Prime Minister Sorin Grindeanu said the Government on Wednesday will approve a decentralisation strategy, adding that all the objectives that can be assigned to the management of the local admin...

ECONOMICS

Intrarom and Genesys receive Best Use of Technology award

2017-04-11 17:13:06
Intrarom, the Romanian subsidiary of Intracom Telecom, announced today that it has received the "Best Use of Technology Award - for Raiffeisen Bank" jointly with Genesys.

ECONOMICS

Black Sea Oil & Gas awards drilling rig contract for two offshore wells in the Black Sea

2017-04-11 11:11:46
Black Sea Oil & Gas SRL (BSOG) together with its co-venture partners announces the awarding of a contract for the drilling of two offshore exploration wells located in the XV Midia Shallow Block...

ECONOMICS

Suciu Popa assisted Enel in the acquisition of 13.6 per cent of E-Distributie Muntenia and Enel Energie Muntenia

2017-04-11 10:37:51
Suciu Popa assisted Enel Investment Holding B.V. in finalizing the acquisition of 13.6 per cent of the share capital of E-Distributie Muntenia S.A. and Enel Energie Muntenia S.A., which increase...

ECONOMICS

PM Grindeanu: Switchover to Euro only after Romanians' salaries are close to other EU states

2017-04-10 12:51:58
Prime Minister Sorin Grindeanu said on Monday that the switchover to the Euro will be possible only after the Romanians' incomes get close to earnings in other European Union member states, acco...

ECONOMICS

Oil prices rise on strong demand and uncertainty over Syria conflict

2017-04-10 09:54:54
Oil prices rose on Monday, supported by strong demand and uncertainty over the conflict in Syria, although another run-up in U.S. drilling activity kept a lid on gains, Reuters news reads.

ECONOMICS

US and Israel show interest in developing Romania's irrigation system

2017-04-06 15:24:13
The United States and Israel are interested in investing in the recovery of the irrigation system of Romania, Romania's Ministry of Agriculture and Rural Development reported in a press statemen...

ECONOMICS

GE Healthcare to provide 900,000 Euro equipment for Emergency Clinical County Hospital Cluj Napoca

2017-04-06 14:39:14
Emergency Clinical County Hospital Cluj Napoca, one of the most important public hospitals in Romania, enhanced its diagnostic imaging capabilities with a Magnetic Resonance Imaging (MRI) system...

ECONOMICS

PM Grindeanu: Trips to Israel and Austria - perfect opportunities to improve political, economic relations

2017-04-06 14:11:03
Prime Minister Sorin Grindeanu stated that the trips he will take in May to Israel and Austria will be “the perfect opportunities” to improve political and economic relations between Romania...

ECONOMICS

Deloitte: Local M&A market is going through a favourable time

2017-04-05 14:51:04
After a record breaking fourth quarter of 2016, the first quarter of 2017 has brought a correction in the value of significant M&A transactions in Romania, with a disclosed amount of 368 million...

ECONOMICS

Caracatzanis, Renault Romania: We uphold measures to support the development of new vehicle market

2017-04-05 12:19:05
Director of Renault Romania, Yves Caracatzanis declared that the French group upholds the measures that support the new vehicle market development, Rabla scrappage programme being important beca...

ECONOMICS

Bacau to become Romanian Youth Capital

2017-04-05 10:45:04
Bacau, one of the biggest cities in Romania's Moldova region, will be the Romanian Youth Capital between May 2, 2017 and May 1, 2018.

ECONOMICS

Government to set up digital services agency

2017-04-04 14:29:00
The Government will set up a public agency for cloud and digital services under a public-private partnership, Communications Minister Augustin Jianu told a specialist conference, according to Ag...

ECONOMICS

EU-Canada economic and trade agreement provides worldwide commercial opportunities for Romania, says CCIR

2017-04-04 14:05:56
The comprehensive economic and trade agreement between the European Union and Canada (CETA) means actual new opportunities for Romania to exceed the borders of Europe thanks to an almost full re...

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ECONOMICS

Arval Romania registers nine per cent growth in fleet under management

2017-04-04 11:36:47
French-based Arval Romania, one of the largest companies specialized in operational leasing and corporate vehicle management, registered nine per cent growth of fleet under management and 23 per...

ECONOMICS

Romania ranks first in Europe by breach of workers' fundamental rights

2017-04-04 10:07:40
Romania ranks first out of 35 surveyed European countries regarding the violation of the workers' fundamental rights, the National Trade Union Bloc (BNS) said in a release, according to Agerpres...

ECONOMICS

Government-run companies post aggregate 1994-2015 net losses of 66.5 billion RON

2017-04-03 13:01:52
Romania's government-run companies have posted an aggregate net loss of 66.5 billion RON (14.7 billion Euro), 1994-2015, with 65.5 billion RON (14.5 billion Euro) in the first ten years of the a...

ECONOMICS

Minister Jianu: We need to make sure money invested in cybersecurity reaches the right place

2017-03-31 13:26:45
Minister of Communications and Information Society Augustin Jianu said during a specialist debate, that when talking about cybersecurity, it is truly important to know where to invest and to mak...

ECONOMICS

EU offers pre-Brexit trade talks on tough conditions

2017-03-31 11:34:11
The European Union is ready to talk to Britain on a future free trade deal before the two sides agree final terms on Brexit, draft EU negotiating guidelines issued on Friday show, according to R...

ECONOMICS

Romanian and British Health Ministers discuss problem of Romanian medics working in UK

2017-03-31 10:49:12
Health Minister Florian Bodog and British counterpart Jeremy Hunt discussed the issue of Romanian medics working in hospitals in the UK, in the Brexit context, according to Agerpres.

ECONOMICS

Sibiu and Timisoara, top priorities for investors in Romania

2017-03-30 16:13:47
Sibiu and Timisoara are top priorities for investors who are interested to come to Romania, as revealed by the fifth edition of Cities of Tomorrow conference, organized by the German-Romanian Ch...

ECONOMICS

Toyota recalls 2.9 million vehicles globally over airbags issues

2017-03-30 11:58:23
Toyota Motor Corp said it was recalling a total of about 2.9 million vehicles in Japan, China, Oceania and other regions including its Corolla Axio sedan and RAV4 SUV crossover due to potentiall...

ECONOMICS

Debate on digital economy at Cluj Innovation Days 2017

2017-03-30 09:55:37
About 40 specialists in various domains of digital economy debate its future at Cluj Innovation Days 2017. For two days, on March 30 and 31, the regional forum will be the epicentre of this fiel...

ECONOMICS

Faurecia opens its fifth plant in Romania

2017-03-30 09:29:12
Faurecia inaugurates group's fifth facility in Romania after an eight million Euro investment that will generate around 900 jobs in Arges County at Cateasca.

ECONOMICS

Nestle Romania announces the highest turnover in the last eight years

2017-03-28 15:49:21
Last year, Nestle Romania registered the highest turnover since 2008 and the highest growth in the region, a press release shows.

ECONOMICS

Samsung to sell refurbished Galaxy Note 7s

2017-03-28 11:26:31
Samsung said that it plans to sell refurbished versions of the Galaxy Note 7 smartphones, the model pulled from markets last year due to fire-prone batteries, according to Reuters.

ECONOMICS

Alro registered a net profit of 67 million RON in 2016

2017-03-28 10:59:29
Alro, the largest aluminium producer in Continental Europe (excluding Russia and Scandinavia), registered a net profit of 67 million RON (14.8 million Euro) in 2016, compared to a net loss of 24...

ECONOMICS

VIG profit doubled to around 407 million Euro last year

2017-03-24 12:14:32
Vienna Insurance Group (VIG) profit before taxes more than doubled to around 407 million Euro last year, according to preliminary figures for 2016.

ECONOMICS

Commissioner Cretu underscores need for monitoring implementation of major projects in Romania

2017-03-22 14:27:30
European Commissioner for Regional Policy Corina Cretu welcomed Romania's Minister of Research and Innovation Serban-Constantin Valeca in Brussels to discuss the latest developments in the imple...

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Most read Daily Info
» Retail market in 2017 to be dominated ...
» Government-run companies post aggregat...
» Iohannis: We are and will be next to o...
» Deloitte: Local M&A market is going th...
» Government to set up digital services ...
» US and Israel show interest in develop...
» Intrarom and Genesys receive Best Use ...
» EU-Canada economic and trade agreement...
» Manuela Ciugudean-Toma is the new mark...
» Caracatzanis, Renault Romania: We upho...
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