| BSTDB provided 15 million Euro loan to Agricover Credit IFN  The Black Sea Trade and Development Bank (BSTDB) provided 15 million Euro to Agricover Credit IFN, a Romanian financial institution specializing in financing the agricultural sector.
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| Romania has the lowest cost for arable land in Europe, says Eurostat  Arable land was the cheapest in Romania out of all member states, with a hectare costing an average 1,958 Euro in 2016, according to Eurostat, the statistics office of the EU.
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| EBRD to become a shareholder in Agricover Holding  The EBRD and Agricover Holding have signed legal agreements today confirming the Bank's intention to become a shareholder in the Romanian agribusiness company.
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| IFC provides funding to support Romanian agribusiness  IFC, a member of the World Bank Group, is providing a 70 million RON (15.5 million Euro) loan to Agricover Credit IFN to increase access to financing for farmers in Romania and to support the co...
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| Agricover Agri-Business posts 12.2 million RON gross profit last year Agri-Business division of Agricover Holding reached a gross profit of 12.2 million RON (2.7 million Euro) in 2016 on 1.14 billion RON (253.3 million Euro) turnover, a four per cent decrease comp... |
| Romanian agriculture minister wants sheep used for country branding Romania’s agriculture minister Petre Daea said that a sheep can be successfully used for Romania’s country branding because ‘sheep are living statues’, according to Romania Insider. |
| Romania has significant potential in agriculture, but low productivity, says PwC Romania  Romania is one of the European countries with the highest potential in agriculture with the sixth biggest agricultural use area in the EU, but it has a low productivity due to several factors, a...
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| Agricover Credit IFN reached 22 million RON net profit last year, up 28 per cent compared to 2015  Agricover Credit IFN, the non-banking financial institution specializing in financial services for agriculture, announced their net profit registered last year is worth 22 million RON (4.8 milli...
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| Agricover Agri-Business posts 12.2 million RON gross profit last year  Agri-Business division of Agricover Holding reached a gross profit of 12.2 million RON (2.7 million Euro) in 2016 and 1.14 billion RON (253.3 million Euro) turnover, four per cent decrease compa...
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| Agricover Credit IFN reached 22 million RON net profit last year, 28 per cent up compared to 2015  Agricover Credit IFN, the non-banking financial institution specializing in financial services in agriculture, announced the net profit registered last year is worth 22 million RON (4.8 million ...
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| Gothaer Asigurari Reasigurari: Over 75,000 hectares have been affected this year by hail and storms Over 75,000 hectares of farmland have been affected this year by hail, storms and floods, compared to 15,000 hectares in the last agricultural year, while the number of claim files approved by G... |
| APIA: 98.61 per cent of farmers received subsidies of over two billion Euro In late June, Prime Minister Dacian Ciolos requested to Achim Irimescu, Minister of Agriculture and Rural development, to prepare an action plan to combat the effects of drought forecasted this ... |
| The gap between imports and exports of food products tripled in the first half In the first half of 2016, the agro-food trade deficit, namely the gap between imports and exports, amounted to 663.6 million Euro, more than three times higher than the same period in 2015, acc... |
| BCR to grant to farmers funding up to 90 per cent of the subsidies Farmers can obtain funding from BCR up to 90 per cent of the subsidies they are about to collect, following an agreement concluded between BCR, the Agency for Payments and Intervention in Agricu... |
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| More on |
| President Iohannis urges Romanians to be more united, stay involved in modernizing Romania  Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.
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| Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte  Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace as a result of the emer...
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| FDI in Romania rises 10 per cent after ten months in 2018  Non-residents' direct investment in Romania (net FDI) totaled 4.56 billion Euro in January-October 2018, around 10 per cent more compared to the same period of 2017, Romania's National Bank (BNR...
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| OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg  OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP Bank Romania becomes th...
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| ArcelorMittal receives binding offer for European assets from Liberty  British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.
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| Catrina, MCSI: Romania is ready to roll up its sleeves and work during the presidency of the EU Council  Romania is ready to roll up its sleeves and work during the presidency of the Council of the European Union (EU), said Maria Manuela Catrina, State Secretary at the Ministry of Communications an...
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| The Romanian labour market needs a well-thought approach, says FIC  The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting with 2015-2016 their me...
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| Revolut gets European banking license  Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has finally come out of the ...
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| Fondul Proprietatea expresses disappointment over Engie listing rejection  Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, according to a press release....
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| EBRD cuts economic growth forecast for Romania  Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction and Development (EBRD)....
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| Dacia receives 115.8 million RON in state aid from the Finance Ministry  The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.
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| Europe must become a producer of new technologies, not just a consumer of technologies, says EC  Europe must become a producer of new technologies, not just a consumer of technologies, said Gerard de Graaf, Director for the Digital Single Market in Directorate-General "Communications Networ...
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| Editorial |
Changing the game - Reinvention
 Reinvention is all about letting go of everything but your very best and finding even better ways of using it. The true essence of sustainability is reinvention.
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| Daily Info |
Smart city is not a fad, it's a necessity
 In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the economy, the environment, governance, ur... | Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"
 "We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of utilities, a compatible approach is ... | Telekom Romania, a strong supporter of Smart City development in Romania
 Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society and for the administrations's budg... | In the industrial era, the fight was for finite material resources. Not anymore
 Now organizations fight and develop themselves for and around their talent.
In a nutshell, getting ahead in today's business world is all about attracting and inspiring an energetic workforce. I guess the nat... | Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"
 Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-purpose mobility solutions, says Ric... |
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