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ECONOMICS

Bittnet posts 58 per cent increase in turnover

2018-02-19 12:46:03
Bittnet, one of the most dynamic local IT companies, recorded a 58 per cent organic increase of its business in 2017, to 21.7 million RON (4.75 million Euro).

ECONOMICS

Gothaer ended 2017 with a 22 per cent growth in GWP

2018-02-19 12:41:57
Gothaer Asigurari Reasigurari ended 2017 with a close to 22 per cent growth in Gross Written Premiums (GWPs) versus 2016.

ECONOMICS

Banca Transilvania post lower profit in 2017

2018-02-15 14:09:27
Banca Transilvania, the second-biggest bank in Romania, recorded a net profit of 258 million Euro in 2017, 3.4 per cent lower than in the previous year, according to the lender's preliminary fin...

ECONOMICS

Bucharest Stock Exchange almost doubles profit in 2017

2018-02-15 14:05:21
Bucharest Stock Exchange group (BVB) recorded a net profit of 14.6 million RON (3.2 million Euro) in 2017, up by 89 per cent compared to the previous year.

ECONOMICS

Point Pick-up is looking for business opportunities on the Romanian market

2018-02-12 13:34:08
Point Pick-up (PPUP), one of the most powerful digital courier platforms in the United States, analyses the Romanian market from the perspective of business opportunities.

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ECONOMICS

BNI Romania members registered 50 per cent higher turnover in 2017

2018-02-12 13:07:22
BNI Romania, member of the global network of reference-based professional networking, Business Networking International, registered a turnover of 6.2 million Euro in 2017, 50 per cent more than ...

ECONOMICS

Bucharest Stock Exchange closes January 2018 in positive territory

2018-02-09 15:37:07
Bucharest Stock Exchange (BVB) ended January 2018 with an increase of almost 8 per cent, after BET index, the main index of the local capital market, closed las month at a level of 8,370 points....

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ECONOMICS

BRD Group reported 85% higher net profit in Romania in 2017

2018-02-08 15:30:46
BRD Groupe Societe Generale ended 2017 with a net profit of 309 million Euro, up 85.3 per cent year-on-year, on strong core revenue and positive cost of risk.

ECONOMICS

Intesa Sanpaolo Bank Romania tripled its net profit in 2017

2018-02-06 16:59:24
Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo, leader in Italy and one of the most solid banks in the Euro Zone, has recorded an operating income of 154 million RON and a net ...

ECONOMICS

Garanti Bank finances the First Green Home Certificated residential project of Bucharest

2018-02-06 14:05:34
Garanti Bank actively supports projects that endorse Romanian entrepreneurship, sustainable development and respect for the environment, as well as other initiatives that have a positive impact ...

ECONOMICS

The price of Transgaz shares increased by 55 per cent after 10 years of listing on BVB

2018-02-06 11:25:18
Transgaz plans to invest a total of 1.62 billion Euro in the period 2017-2026, the company's general manager, Ion Sterian, announced in a conference hosted by the Stock Exchange Bucharest on the...

ECONOMICS

Elvila opens listing season of 2018 by a technical listing on the AeRO market of Bucharest Stock Exchange

2018-02-06 11:18:30
Shares of Elvila SA, symbol ELV, a leading furniture producer in Romania, started trading on the Alternative Trading System of Bucharest Stock Exchange (BVB) in the AeRO Premium category as of F...

ECONOMICS

Unilever South Central Europe takes over Betty Ice

2018-01-31 16:04:31
Unilever South Central Europe and Betty Ice today announced the signing of an agreement by which Unilever South Central Europe will acquire Betty Ice, the Romanian ice cream maker. The transacti...

ECONOMICS

European Commission grants Romania 800 million Euro to finish 2007-2013 projects

2018-01-30 13:16:11
The European Commission (EC) has granted Romania 800 million Euro to help it finalize some big projects started during the 2007-2013 financial exercise.

ECONOMICS

Romania's new finance minister: No new taxes during my mandate

2018-01-30 13:11:50
Romania's new finance minister Eugen Teodorovici said no new taxes will be introduced in Romania and current taxes won't increase during his mandate.

ECONOMICS

Bucharest City Hall to spend 13 million Euro on statues this year

2018-01-29 15:43:34
Bucharest City Hall has opened the debate on its 2018 budget, which provides spending over three million Euro on financing the People’s Cathedral and over 13 million Euro on various monuments ...

ECONOMICS

Garanti Bank expects a four per cent GDP growth rate in 2018

2018-01-15 16:17:48
Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slower pace of industry a...

ECONOMICS

EIB supports the modernisation of infrastructure in Oradea

2017-12-20 16:36:29
The European Investment Bank (EIB) is lending 21 million Euro to the Municipality of Oradea to finance improvements to its urban infrastructure. EIB funds will also support investments targeting...

ECONOMICS

Ministry of Public Finances set to issue Euro-bonds worth 8 billion Euro in the next two years

2017-12-18 16:38:13
The Ministry of Public Finances (MFP) contemplates issuing Euro-bonds worth approximately 8 billion Euro (equivalent) over 2018-2019, in the context of the implementation of the annual plan for ...

ECONOMICS

Romania plays in the big league, says Deloitte survey

2017-12-14 14:53:36
On the backdrop of a stable economic context in the region and with growing macroeconomic indicators, Romania has won the deal doers' trust now becoming a core market for private equity funds ne...

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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.

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