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ECONOMICS

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

2017-12-04 12:22:16
Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increase access to financing...

ECONOMICS

Immofinanz posted increase in net profit for the first nine months of 2017

2017-11-29 10:43:45
Immofinanz posted a significant increase in net profit from continuing operations for the first three quarters of 2017, to 116.3 million Euro (Q1-3 2016: -217.8 million Euro).

ECONOMICS

URBB posts record production figure in 2017

2017-11-20 12:48:02
United Romanian Breweries Bereprod (URBB) registered a record production figure exceeding two million hectolitres for the period January-November 2017, representing a 10 per cent increase year-o...

ECONOMICS

Banca Transilvania's net profit was 780 million RON in the first nine months

2017-11-14 15:17:47
Banca Transilvania posted a net profit of 780 million RON in the first nine months of the year.

ECONOMICS

Porsche Romania posts 13 per cent increase in sales for all Volkswagen group brands in the first nine months of 2017

2017-11-10 12:25:10
Porsche Romania, the largest automotive importer in Romania, closes the first nine months with a 13% increase in sales for all Volkswagen group brands, compared to the same period of last year....

ECONOMICS

The company who manages KFC, Pizza Hut and Taco Bell brands in Romania is now listed on Bucharest Stock Exchange

2017-11-10 10:28:50
The shares of Sphera Franchise Group, one of the most important foodservice operators in Romania, started trading on Bucharest Stock Exchange (BVB), under SFG symbol.

ECONOMICS

ABSL: The emergency ordinance regarding the Fiscal Code will have a negative impact on Romania's competitiveness

2017-11-09 10:24:14
ABSL Romania examined the emergency ordinance draft to amend the law no. 227/2015 regarding the Fiscal Code and concluded that the implementation of these measures will have a negative impact on...

ECONOMICS

EBRD and European Union launch programme to help businesses from south-eastern Europe obtain advice

2017-11-07 16:33:35
The European Investment Advisory Hub, the EBRD and the European Union launched today, in Bucharest, a new programme committed to helping small and medium-sized enterprises (SMEs) obtain advice f...

ECONOMICS

EIB signs with UniCredit Bank the first loan granted to a commercial bank under the Juncker Plan in Romania

2017-11-06 13:03:06
The European Investment Bank (EIB) has signed with UniCredit Bank a loan agreement for 50 million Euro, marking the first financing deal with a local commercial bank to fall under the framework ...

ECONOMICS

AmCham Romania: "The fiscal policy must be integrated into a medium and long-term vision for Romania"

2017-11-01 15:22:58
AmCham Romania expresses its concern regarding the impact the recently announced fiscal policy measures, both in terms of the increasing costs these are generating for taxpayers and in terms of ...

ECONOMICS

BNR: After 100 years, Romania returns to similar level of relative development against other countries

2017-10-31 13:34:52
After a century, Romania has returned to the same level of relative growth against other countries, calculated as per capita Gross Domestic Product (GDP), purchasing power parity based, of 59 pe...

ECONOMICS

Transilvania Broker de Asigurare becomes the first insurance brokerage company to be listed on Bucharest Stock Exchange

2017-10-26 11:40:06
Transilvania Broker de Asigurare, a leading insurance brokerage company, will get listed on the main market of the Bucharest Stock Exchange (BVB) following a secondary initial public offer, whic...

ECONOMICS

DB: 77 per cent of Romanian IT specialists living abroad consider a return to the country

2017-10-25 15:25:39
A study released by DB Global Technology shows that 77 per cent of Romanian IT specialists living abroad consider a return to the country.

ECONOMICS

The economy is growing, investor confidence is deteriorating, says FIC

2017-10-25 14:38:30
The Foreign Investors Council (FIC) publishes twice a year the results of the Business sentiment index survey conducted among its members.

ECONOMICS

Romania's inflation rate up to 1.8 percent in September, says INS

2017-10-11 14:25:05
The annual inflation went up in September to 1.8 percent from 1.2 percent in August, according to data of the National Institute of Statistics (INS), as reported by Agerpres.

ECONOMICS

Superbet bonds start trading on Bucharest Stock Exchange

2017-09-20 12:52:19
Corporate bonds of Superbet Betting & Gaming S.A., one of the most important gambling operators in Romania, have started trading on the Alternative Trading System managed by Bucharest Stock Exch...

ECONOMICS

Romania's sovereign fund to be launched in 2018

2017-09-07 14:18:46
Romania's first sovereign fund for development and investments (FSDI) will be available starting January 1, 2018 and it will finance the developments of infrastructure alongside greenfield and b...

ECONOMICS

BVB second place in the region by number of IPOs in H1 2017

2017-07-21 10:05:52
Bucharest Stock Exchange (BVB) is the second market in Central and Eastern Europe where initial public offers (IPOs) were successfully concluded in the second quarter of this year, with a total ...

ECONOMICS

EIB lends one billion euro to Romania for transport infrastructure projects

2017-07-19 09:39:16
The European Investment Bank (EIB) is lending one billion Euro to co-finance with European Structural and Investment Funds priority transport infrastructure projects totalling 6.8 billion Euro t...

ECONOMICS

Over 19,000 business plans submitted for Start-Up Nation program

2017-07-18 12:53:31
Start-Up Nation Government program attracted over 19,000 business plans and a new edition will take place next year, said Ilan Laufer, Minister for the Business Environment.

ECONOMICS

Chinese delegation seeks investment opportunities in Romania

2017-07-14 12:51:16
Prime Minister Mihai Tudose discussed at the Victoria Governmental Palace on Thursday about the opportunities to invest in Romania with an official delegation of the People's Republic of China, ...

ECONOMICS

Deloitte: The M&A market has doubled in the first half of the year

2017-07-13 15:19:58
The M&A market in Romania has reached 889 million Euro in the second quarter of the year according to public sources and disclosed transactions, more than double compared to the first quarter, a...

ECONOMICS

New trading symbol for Patria Bank shares on Bucharest Stock Exchange

2017-07-13 12:38:36
Patria Bank shares, a credit institution that operates on the Romanian banking sector, are traded under a new symbol on the Bucharest Stock Exchange (BVB) market, following the successful merger...

ECONOMICS

Romanian ruling coalition plans tax overhaul ahead of key parliament vote

2017-06-29 12:36:02
Romania's ruling Social Democrats unveiled plans on Thursday to overhaul taxation from 2018, ditching a flat 16 per cent tax on income and profit that has attracted investment into the European ...

ECONOMICS

Business Lease posts four million Euro turnover in the first semester of 2017

2017-06-28 14:02:59
Business Lease, international company providing complete mobility solutions through Operational Leasing, Car Fleet Management and Rental in Romania, closes its first semester of 2017 with a turn...

ECONOMICS

EU bank supports expansion of Regina Maria private healthcare network in Romania

2017-06-28 12:43:46
The European Investment Bank (EIB) is lending 15 million Euro to support the expansion of a private healthcare network in Romania, a press release shows. This agreement is backed by the guarante...

ECONOMICS

EBRD launches energy efficiency framework for Romanian households

2017-06-27 13:48:15
Supporting Romanian households to save energy and money, the European Bank for Reconstruction and Development (EBRD) is launching a 100 million Euro Green Economy Financing Facility (GEFF) for t...

ECONOMICS

Fondul Proprietatea urges President Iohannis not to promulgate the Ports Law

2017-06-26 14:34:29
Fondul Proprietatea has sent a letter to President Klaus Iohannis outlining several reasons that constitute, in the Fund's view, a strong basis for the non-promulgation of the recently adopted l...

ECONOMICS

Societe Generale European Business Services reaches 1,000 employees in the shared service in Bucharest

2017-06-15 13:22:27
Societe Generale European Business Services, the shared service center for Societe Generale Group, has reached 1,000 employees due to an accelerated growth over the last three years. Societe Gen...

ECONOMICS

UNSAR launched its own financial education platform for the insurance industry

2017-06-12 16:38:19
The National Association of Insurance and Reinsurance Companies in Romania (UNSAR) has launched its own online financial insurance education platform, the first such project in the insurance ind...

ECONOMICS

Telekom and Ericsson presented the 5G technology in Romania

2017-06-12 12:57:46
Telekom Romania and Ericsson have brought the next generation of wireless technology one step closer to Romanian people, after conducting in Bucharest the first 5G demonstration in South Eastern...

ECONOMICS

Cristian Covaciu (IPEC) to represent Romania at EY World Entrepreneur of The Year 2017

2017-06-07 12:05:55
The seventeenth edition of the EY World Entrepreneur of the Year starts today in Monte Carlo and will end on June 11, 2017. 59 qualified entrepreneurs from 49 countries will compete for the gran...

ECONOMICS

Tourist number up by 11 per cent in April

2017-06-06 16:37:26
The number of tourists this April reached 808,700, up 11.5 per cent year-on-year, the National Institute of Statistics (INS) said in a release, according to Agerpres.

ECONOMICS

New law on ports administration would be very damaging for Romanian state budget, Fondul Proprietatea says

2017-05-24 14:00:47
Fondul Proprietatea is concerned by the renewed steps to approve the draft law amending the Government Ordinance on ports administration, which was re-examined and approved through an emergency ...

ECONOMICS

Vienna Insurance Group posts profit of 110 million Euro in Q1

2017-05-23 10:58:47
Vienna Insurance Group reported a profit before taxes of around 110 million Euro in the first quarter of 2017, according to a press release.

ECONOMICS

Eberspaecher forecasts slight increase in revenue for 2017

2017-05-16 15:44:04
The German automotive supplier Eberspaecher forecasts sustained positive income development with a slight increase in revenue for 2017, a press release shows.

ECONOMICS

Austria holds over 14 per cent of all foreign investments in Romania

2017-05-09 16:36:24
The Austrian investors see Romania as an excellent investment destination and the largest market in the South-Eastern Europe, according to Gerd Bommer, the Austrian Embassy Commercial Counsellor...

ECONOMICS

UPC Romania posts six per cent increase in Q1 revenues

2017-05-08 16:52:44
UPC Romania, part of Liberty Global group, has seen an increase of six per cent in terms of revenues in Q1 2017, up to 178.4 million RON (39.6 million Euro), a press release shows.

ECONOMICS

Borza: Hidroelectrica would get one billion Euro for listing on the stock exchange

2017-05-08 15:33:10
Hidroelectrica could get one billion Euro from listing on the stock exchange if the process would run this year, but the funds should go to the state budget, as the energy producer does not need...

ECONOMICS

Erste Group posts net profit of 262 million Euro after Q1

2017-05-05 10:09:18
Erste Group registered a net profit of 262.2 million Euro after the first quarter of 2017, a press release shows.

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