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

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.

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

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...

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

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 ...

BNI Romania members registered 50 per cent higher turnover in 2017

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 ...

Banca Transilvania post lower profit in 2017

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...

Romania plays in the big league, says Deloitte survey

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

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...

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

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

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

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...

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

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.

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

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.

1 Comment

Gothaer ended 2017 with a 22 per cent growth in GWP

Gothaer Asigurari Reasigurari ended 2017 with a close to 22 per cent growth in Gross Written Premiums (GWPs) versus 2016.

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

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 ...

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

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 ...

Unilever South Central Europe takes over Betty Ice

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...

Intesa Sanpaolo Bank Romania tripled its net profit in 2017

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 ...

Bucharest Stock Exchange closes January 2018 in positive territory

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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Bucharest Stock Exchange almost doubles profit in 2017

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.

Bittnet posts 58 per cent increase in turnover

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).

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

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...

EIB supports the modernisation of infrastructure in Oradea

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...

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Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel Ciolacu and Defense Mi...

President Iohannis: The Romanian society is mature and active and needs a state to match it

President Klaus Iohannis stated, on the occasion of the annual meeting with the heads of diplomatic missions accredited in Bucharest, that the Romanian society is a mature one, which proved capa...

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Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot be negotiated, Preside...

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President Iohannis meeting Juncker and Tusk in Brussels, modifications in Romanian justice among topics

President Klaus Iohannis is to meet on Wednesday, in Brussels, with President of the European Commission Jean-Claude Juncker and with President of the European Council Donald Tusk, according to ...

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PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take over the Presidency of th...

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Iohannis: Romania's progress bound to stable legislation able to punish abuses

Romania's progress is inseparably bound to a coherent, stable legislation able to punish abuses and dishonesty, said President Klaus Iohannis, pointing out that the government has the obligation...

4 Comments

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Romania. "I am leaving w...

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

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...

BNI Romania members registered 50 per cent higher turnover in 2017

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 ...

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

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

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

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 ...

EIB supports the modernisation of infrastructure in Oradea

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...

Gothaer ended 2017 with a 22 per cent growth in GWP

Gothaer Asigurari Reasigurari ended 2017 with a close to 22 per cent growth in Gross Written Premiums (GWPs) versus 2016.

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

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...

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

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...

Intesa Sanpaolo Bank Romania tripled its net profit in 2017

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 ...

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

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.

Bucharest Stock Exchange closes January 2018 in positive territory

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....

1 Comment

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

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.

1 Comment

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Daily Info
EIB offers Romania 13 billion Euro financing in 25 years
The European Investment Bank (EIB) has granted Romania 13 billion Euro worth of loans since starting its operations in the country, in 1992, according to a report of the institution.

Germanos stores in Romania rebrand into Telekom
Telekom Romania, the second-biggest telecom group on the local market, has started the rebranding process of the Germanos shops into Telekom.

OMV Petrom doubled its profit last year
OMV Petrom had a 2.49 billion RON profit in 2017, more than double than it had recorded in 2016 (1.04 billion RON), according to a report by the company.

Complet Electro Serv appoints Cristian Laza as new CEO
Complet Electro Serv, part of Altex Romania, has appointed Cristian Laza as CEO of Complet Electro Serv, producer and distributor of electric-IT equipments.

Mol Group posts highest profit in a decade in 2017
Mol Group announced its financial results for 2017. Mol increased its EBITDA by 14 per cent outperforming its 2017 target on the back of a strong financial and operational delivery of all business segments....