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ECONOMICS

ArcelorMittal receives binding offer for European assets from Liberty

2018-10-12 14:26:57
British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

ECONOMICS

Romania to invest nine billion Euro in 5G network by 2024, says ANCOM

2018-09-27 12:41:19
Investments in Romania's 5G network will go up to nine billion Euro by 2024, and the auction for the frequencies dedicated to this technology will begin by mid-2019, according to the National Au...

ECONOMICS

Romania is no longer competitive in terms of adequate workforce availability, says FIC

2018-09-26 14:21:33
The most recent results of the Foreign Investors Council Business Sentiment Index (carried out in September 2018) brings some important insights on both workforce and fiscal related topics.

ECONOMICS

Groupe Renault launches energy stationary system from electric vehicle batteries in Europe

2018-09-25 16:01:04
Groupe Renault announced today the launch of Advanced Battery Storage, a stationary storage system for energy developed exclusively from EV batteries.

ECONOMICS

Fondul Proprietatea concerned about draft proposing exemption of state-owned companies from corporate governance

2018-09-24 14:06:02
Fondul Proprietatea expresses significant concerns about a new legal draft, currently discussed in the Commitees of the Chamber of Deputies, which proposes the exemption of 100 major state-owned...

ECONOMICS

Romania gets 450 million Euro loan from EIB for rural development programme

2018-09-17 11:51:41
The European Investment Bank (EIB) is lending 450 million Euro to Romania to finance its national contribution to the implementation of the Romanian Rural Development Programme (RDP) together wi...

ECONOMICS

Romania's IT market sees small growth in 2017

2018-09-13 13:52:45
Romania's domestic software and IT services market recorded a growth of only 2.1 per cent in 2017, to 975 million Euro, according to ANIS.

ECONOMICS

Romania could remove special excise on fuels

2018-09-12 14:47:32
Romania's Finance Ministry could remove the special excise on fuel, according to the minister Eugen Teodorovici, cited by Mediafax.

ECONOMICS

Romanian bank to change name after takeover

2018-09-12 14:35:19
U.S. investment fund J.C. Flowers is preparing to change the name of local lender Piraeus Bank, which they acquired at the end of last year from Greek group Piraeus.

ECONOMICS

Startup co-founded by Romanian to turn unicorn

2018-09-11 11:15:12
Branch, a deep linking startup in the U.S. co-founded by Romanian Madalina Seghete, will reach a valuation of 1 billion USD after a 129 million USD financing round, according to techcrunch.com....

ECONOMICS

OTP Asset Management Romania launches open-end investment fund with exposure to the global real estate market

2018-09-11 10:57:50
OTP Asset Management Romania launched the OTP Real Estate & Construction (OTP REC) fund to offer international exposure on the real estate and construction market.

ECONOMICS

Romania's annual inflation rate rises again in August

2018-09-11 10:41:05
Romania's annual inflation rate, which reflects the increase in consumer prices over the last 12 months, spiked again in August, reaching 5.1 per cent.

ECONOMICS

International Business Forum stimulates Romanian entrepreneurs to expand abroad

2018-09-03 17:07:58
The Ministry of Business, Commerce and Entrepreneurship organized an International Business Forum on August 30 and 31 at the Parliament Palace, with over 800 participants. The aim of the action ...

ECONOMICS

Black Sea Trade and Development Bank gives 40 million Euro loan to Alpha Bank Romania

2018-08-30 12:34:34
The Black Sea Trade and Development Bank (BSTDB) is increasing the availability of financing to small and medium enterprises (SMEs) in Romania with a 40 million Euro SME Facility to Alpha Bank R...

ECONOMICS

PayU expands to Israel through ZOOZ

2018-07-24 16:00:58
PayU, the leading financial services provider in global growth markets, announced the acquisition of ZOOZ, the payment technology platform that operates in Israel. The transaction supports the c...

ECONOMICS

Garanti Consumer Finance signs a loan agreement for seven million Euro with The Black Sea Trade and Development Bank

2018-07-24 11:59:58
Garanti Consumer Finance, part of the financial group Garanti Romania, has signed a loan agreement of seven million Euro with the Black Sea Trade and Development Bank (BSTDB).

1 Comment

ECONOMICS

TransferGo receives electronic money license

2018-07-23 11:50:57
TransferGo, the international fast online transfer company, has been granted its e-Money license from the Bank of Lithuania. The license allows electronic money storage & transfer and other fina...

1 Comment

ECONOMICS

Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

2018-07-19 10:41:41
Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from the National Bank of Rom...

2 Comments

ECONOMICS

Continental to list powertrain division mid-2019

2018-07-19 10:29:28
Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.

1 Comment

ECONOMICS

Dacia posts half-year sales record

2018-07-16 13:21:08
Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sales result published by ...

1 Comment

ECONOMICS

Healthy Central European private equity activity levels set to continue, says Deloitte

2018-07-12 12:02:25
The strong momentum underway in Central Europe's private equity markets should continue, according to the latest Deloitte Central Europe Private Equity Confidence Survey.

2 Comments

ECONOMICS

Engie acquires Romanian IoT company Flashnet, specialized in Smart Public Lighting

2018-07-05 12:02:17
ENGIE announces the acquisition of 60 per cent of Flashnet, a Romanian Internet of Things (IoT) company.

1 Comment

ECONOMICS

Romanian M&A market speeds up in Q2, says Deloitte

2018-07-04 10:39:25
The M&A market in Romania marked a significant recovery in the second quarter of this year, reaching 391 million Euro, compared with 258 million Euro in the first three months of the year. Accor...

1 Comment

ECONOMICS

R&D spending in Central Europe still increasing but more support needed from authorities, says Deloitte

2018-07-02 11:10:48
The effectiveness and clarity of the incentives system dedicated to research and development (R&D) conducted by companies, and the ability to easily identify the R&D activities that are eligible...

ECONOMICS

Romanian insurance sector doubles profit in 2017

2018-06-15 11:58:45
The insurance sector in Romania doubled its net profit last year to 508 million RON (110 million Euro) from 251 million RON in 2016, according to profit.ro.

ECONOMICS

IMF criticizes Romania's low level of public investments

2018-06-07 11:00:09
A document published by the International Monetary Fund (IMF) after consultations with Romania says that a more cautious fiscal discipline would help rebalance Romania’s economy and lessen the...

ECONOMICS

Vienna Insurance Group posts growing profit in Q1 2018

2018-05-23 15:22:22
Vienna Insurance Group (VIG) reports further improvement in all key figures for the 1st quarter of 2018 compared to the same period in the previous year.

ECONOMICS

Romania's new cars sales hit 10-year record

2018-05-21 14:08:29
Sales of new cars in Romania rose by 27.8 per cent in the first four months of this year, to 51,853 units, a 10-year high, according to the Automotive Manufacturers and Importers Association (AP...

ECONOMICS

Employees in Bucharest, Cluj, Timis and Ilfov best paid in 2018

2018-05-21 14:03:49
Employees in Bucharest and the counties of Cluj, Timis and Ilfov are the best paid this year in terms of net average monthly earnings. At the opposite end are employees in the counties of Bistri...

ECONOMICS

Deloitte Romania and Reff & Associates advised MAS in acquiring Militari Shopping Center

2018-05-16 14:05:34
Deloitte Romania and Reff & Associates, member of Deloitte Legal in Romania, have advised MAS Real Estate in the acquisition of Militari Shopping Center from Atrium European Real Estate in a tra...

ECONOMICS

Pillar 2 is a fundamental tool for pension savings, says Foreign Investors Council

2018-05-16 12:44:59
The Foreign Investors Council (FIC), which brings together companies hiring approximately 200.000 people, is worried by possible policy measures affecting the three-pillar pension savings system...

ECONOMICS

OTP Bank Romania's profit increased 18 per cent in Q1 2018

2018-05-15 14:05:19
OTP Group announces the financial results for the first quarter of 2018. According to the report published in Budapest, which presents the consolidated result adjusted in accordance with the Gro...

2 Comments

ECONOMICS

Vodafone Romania posts 723 million Euro services revenues in 2017, up 2.5 per cent compared to last year

2018-05-15 12:43:02
Vodafone Romania announces the key performance indicators for the fiscal year ended March 31st, 2018, as reported by Vodafone Group Plc.

ECONOMICS

Romania surpasses Greece as 16th economy in the EU

2018-05-14 11:42:20
Romania went up one place to become the 16th largest economy in the European Union (EU) in 2017. With the highest economic growth rate in the EU, of 7 per cent, Romania surpassed Greece last yea...

ECONOMICS

Romania may be the biggest EU fund loser in 2021-2027, says Erste

2018-05-14 11:38:45
Romania will be the Central and Easter European (CEE) country most severely hit by the EU funds cut in the 2021-2027 financial exercise, according to estimates by Austrian group Erste.

ECONOMICS

Romania's inflation rate hits 5-year record high of 5.2 per cent in April

2018-05-14 11:30:06
Romania's annual inflation rate rose to 5.2 per cent in April, a new record level since June 2013, energy prices increases having a large contribution to the evolution of consumer prices, Nation...

ECONOMICS

CFA Romania analysts say EUR/RON average exchange rate to reach 4,71 RON in next six months

2018-05-14 11:26:00
Eight out of ten Chartered Financial Analyst Romania (CFA) Romania analysts say that the EUR/RON average exchange rate will reach 4,71 RON in the next six months and 4,75 RON in April 2019.

1 Comment

ECONOMICS

Goodyear reports net income of 75 million USD in Q1

2018-05-10 13:24:54
The Goodyear Tire & Rubber Company today reported results for the first quarter of 2018.

ECONOMICS

Romania's average net wage hit all-time high in March

2018-05-09 11:49:08
Romania's average net monthly earnings growth rate accelerated to 15.5 per cent year-on-year in March, from 11.2 per cent in February, due mainly to granting of Easter bonuses, National Institut...

ECONOMICS

Austrian group buys industrial laundry business in Romania for five million Euro

2018-05-09 11:36:17
Austrian group Salesianer Miettex, which provides industrial laundry services, has taken over a division of local group Promar Textil from Brasov and its brand, Kromatic, according to Romania In...

1 Comment

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Read in the Print Edition
Romania struggles to save face ahead of Euro 2020

With less than two years until the start of the 2020 UEFA European Football Championship, Romania struggles to finish its stadiums by kick-off time. And with roughly 200,000 fans flooding the capital city to ch...

New real estate bubble? It depends on who you ask

Romania's GDP has been outperforming those of neighbouring CEE countries as of last year, but its Central Bank warns that the mortgage bonanza might lead to a second real estate bubble. With market analysts poi...