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ECONOMICS

Banca Transilvania's net profit reached 1.2 billion RON last year

2017-02-15 12:24:04
Banca Transilvania's net profit amounts to 1.2 billion RON (274 million Euro) at the end of 2016, from 2.4 billion RON (537 million Euro) in 2015, one year after the merger with Volksbank Romani...

ECONOMICS

ECB never tries to manipulate euro rate, says French finance minister

2017-02-13 11:45:36
The European Central Bank never tries to manipulate the euro exchange rate for trade or competitive policy reasons, French Finance Minister Michel Sapin said in an interview published on Monday,...

ECONOMICS

Minimum wage in Romania doubles compared to 2008, says Eurostat

2017-02-10 15:42:41
Bulgaria and Romania had on 1 January 2017 the lowest minimum wages in the European Union (EU), namely 235 Euro and 275 Euro per month respectively, the data published by the European Statistics...

ECONOMICS

Central bank revises downwards 2017 year-end inflation forecast

2017-02-09 15:55:24
The National Bank of Romania (BNR) has revised downwards by 0.4 percentage points its inflation forecast for end-2017, which is now projected at 1.7 percent, BNR governor Mugur Isarescu told a p...

ECONOMICS

Parliament adopts 2017 budget draft

2017-02-07 15:37:29
Parliament on Tuesday adopted the draft laws on the state budget and the social insurance budget for 2017.

ECONOMICS

AmCham: Increased budget revenues collection and high investments are essential for generating growth

2017-02-07 15:21:51
In the context of the public debates around the State Budget project for 2017, AmCham Romania reiterates the importance of a balanced budgetary projection, focused on economic growth and investm...

ECONOMICS

Fiat Chrysler says diesel vehicles fully compliant

2017-02-07 12:53:00
Fiat Chrysler reiterated its diesel vehicles were fully compliant with applicable emissions requirements, a spokesman said on Tuesday after the French authorities referred the carmaker's case fo...

ECONOMICS

Innovation and digitisation are key to Europe's future competitiveness, industrialists say

2017-02-03 12:54:54
Industry remains the backbone of the European economy, contributing more than 30 per cent of GDP growth and more than 80 per cent of private R&D spending, a report published by the European Roun...

ECONOMICS

BNR: 6,400 debt discharge notifications at 2016 end

2017-01-31 14:16:13
The number of debt discharge notifications reached 6,400 at the end of 2016 and the volume of notified loans stands at 1.8 - 1.9 billion RON (400 million Euro), deputy director of the Financial ...

ECONOMICS

2017 budget draft based on 5.2 per cent economic growth

2017-01-23 15:56:59
The 2017 budget draft is based on a 5.2 per cent economic growth estimated for this year and above 5 percent over the entire 2018-2020-time frame, the (cash) budget deficit being forecast at 2.9...

ECONOMICS

Annual inflation rate -0.5 percent at 2016 end

2017-01-13 11:29:03
The annual rate of inflation was of -0.5 percent at the end of December 2016, lower than estimates by the National Bank of Romania (BNR) that put the figure at -0.4 percent, show data from the N...

ECONOMICS

Romania ranks second in region for lowest ratio of companies per 1000 inhabitants

2016-12-09 12:22:44
Romania ranks second in Central and Eastern Europe for the lowest ratio of number of companies per 1000 inhabitants, according to a study carried out by Coface Romania regarding the maturity lev...

ECONOMICS

Garanti Bank: GDP growth rate to decelerate next year

2016-12-07 12:04:10
Garanti Bank estimates that GDP growth rate could decelerate towards 3.7 per cent next year, as consumption dynamic is expected to revert to pre-stimulus (food VAT cut, as of June 2015, general ...

ECONOMICS

PM Ciolos: Romania should emphasise economic component of its strategic partnership with USA

2016-12-06 14:32:16
Prime Minister of Romania, Dacian Ciolos, said that besides the security component of the strategic partnership between Romania and the USA, its economic component should be developed, according...

ECONOMICS

Romania - second in EU by retail trade growth in October

2016-12-06 12:26:06
The volume of Romania's retail trade increased by 8.7 percent in October 2016 compared to the same month of the year before, making this the second month in a row when Romania's performance is s...

ECONOMICS

Arrivals in tourist accommodation establishments up by almost 11 percent after ten months

2016-12-05 13:16:02
January-October 2016 arrivals in Romania's tourist accommodation establishment were almost 11 percent higher year-on-year, topping 9.43 million, the National Institute of Statistics (INS) announ...

ECONOMICS

Merger of Carpatica Commercial Bank and Patria Bank receives preapproval from BNR

2016-11-30 13:21:01
The merger project of Carpatica Commercial Bank and Patria Bank has received the preapproval from the National Bank of Romania (BNR), allowing the two banks to start the final formalities to reg...

ECONOMICS

Unemployment in Romania flattens out at 5.8 percent in October

2016-11-30 12:42:27
Unemployment in Romania in October 2016 stayed at 5.8 percent, the same as one month before, according to data released on Tuesday by the National Statistics Institute (INS), Agerpres reads.

ECONOMICS

EBRD: Serbia and Romania are pushing up the growth average in southern-eastern Europe

2016-11-07 09:40:53
Growth across the EBRD region is expected to pick up in 2016 and 2017 despite continued major risks, according to the latest economic forecasts published by EBRD.

ECONOMICS

Erste Group net profit rises to 1.18 billion Euro in Q3

2016-11-04 15:39:26
With the CEE region maintaining growth momentum above the Eurozone average, all Erste subsidiaries performed well, contributing to a Group net profit of nearly 1.2 billion euros in the first nin...

ECONOMICS

Deloitte: Romanian banking sector is able to support a growing economy

2016-10-31 10:01:58
Despite some one-off measures, 2015 was probably the best year for the CE banking sector since the global financial crisis of 2009, according to Banking Outlook report from Deloitte Central Euro...

ECONOMICS

EY: The Romanian M&A market size has decreased with almost 50 per cent in H1 2016

2016-10-26 13:21:47
Romania occupies the fifth place among the CSE (Central and Eastern Europe) countries, with 56 transactions in H1 2016. Germany, France and Poland were the most active investors in Romania.

ECONOMICS

Raiffeisen Leasing completes 440 million Euro securitisation transaction

2016-10-25 14:35:26
The EIB Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), has supported a Raiffeisen Leasing securitisation transaction of 440 million Euro.

ECONOMICS

EY: EU countries have two years to implement the new European regulation on data privacy

2016-10-20 13:36:17
A new European Commission pan-European GDPR, replacing the current Data Protection Directive and its implementations, was approved in April 2016. It will be fully applicable after two years on ...

ECONOMICS

Cisco: Digitization will bring more jobs on the market

2016-10-19 15:41:57
The workforce will evolve along with the automation processes and this evolution will bring new jobs on the market, said Mike Koons, vice-president global systems engineering, Cisco. He believes...

ECONOMICS

EY reports record global revenues in 2016

2016-10-17 14:07:13
Overall, financial year (FY) 2016 revenue grew by 9% in local currency (versus FY15). Revenue for EY Romania has grown by 15% in the last year.

ECONOMICS

Telecom: 7.2 million TV programmes subscribers in H1 2016

2016-10-12 14:20:04
The number of subscribers to TV broadcasting services reached 7.2 million in Romania at the end of H1 2016, on the rise by five per cent compared to last year. Most of them prefer cable services...

ECONOMICS

Airbus to reduce A380 assembly rate from 2017

2016-10-11 09:39:38
Airbus plans to slow the assembly rate of its A380 superjumbo to one aircraft per month from next year, the head of the A380 program told Le Figaro, as the European planemaker struggles to reviv...

ECONOMICS

Samsung halts Note 7 production

2016-10-10 12:59:40
Samsung Electronics Co Ltd suspended production of its Galaxy Note 7 smartphones, a source said on Monday, after reports of fires in replacement devices, Reuters news reads.

ECONOMICS

BCR claims cost reduction for 200.000 clients

2016-10-03 16:56:07
The Romanian Commercial Bank (BCR) controlled by Austrian Erste Group announced a cost reduction for 200.000 clients as a result of the European directive regarding financial services, the bank ...

ECONOMICS

AmCham: Romanian capital market, one step closer to its upgrade to emerging market status

2016-09-30 15:28:35
AmCham welcomes FTSE and its recent announcement to place Romania on the FTSE Watch List in view of upgrading its classification from frontier market to emerging market, according to the FTSE (G...

ECONOMICS

Changing the paradigm from cost to competitive advantage through knowledge and talent, at the 4th ABSL yearly conference

2016-09-30 15:27:50
The Association of Business Service Leaders in Romania (ABSL), the leading organization representing the business services industry organized on September 29th, its 4th annual conference dedicat...

ECONOMICS

Number of employees working in modern offices in Bucharest and large cities expected to reach 300.000 by yearend

2016-09-28 17:17:13
According to the latest research conducted by real estate consultant DTZ Echinox, the modern office spaces in Bucharest and large regional Romanian cities accommodate over 250.000 professionals ...

ECONOMICS

Carmen Adamescu, EY Romania: The key of city transportation planning in Bucharest might be a telephone

2016-09-28 17:15:33
According to a study conducted by EY, due to the city transformation towards busier and busier transportation services and traffic and population accumulation, now it is a perfect time to reco...

ECONOMICS

Fondul Proprietatea to proceed with a partial sale of its shares in OMV Petrom by a secondary public offering

2016-09-26 15:12:04
Fondul Proprietatea announces that, as part of its ongoing commitment to increase value for its shareholders and to improve the liquidity of the assets in the Fund portfolio, the Fund has taken ...

ECONOMICS

Romania awarded at international level for IT solutions of emergency situations management

2016-09-23 11:33:39
The Romanian IT solutions are increasingly popular in international competitions. This time, a suite of software products designed specifically for emergency management was awarded in two catego...

ECONOMICS

Opinion AmCham Romania: A Romania country project must include the business community

2016-09-23 11:32:31
AmCham Romania is closely monitoring initiatives to elaborate a Romania Country Project, as AmCham has constantly advocated during the past years for defining and adopting a multi-generational c...

ECONOMICS

Huawei continues to support young generations by supporting the Romanian educational system

2016-09-23 11:31:57
Huawei, a leading global information and communications technology (ICT) solutions provider, announces that will continue to support the Romanian educational system, especially the IT&C universi...

ECONOMICS

Smartree: Over 60.000 people work in outsourcing industry in Romania

2016-09-21 17:51:30
According to outsourcing HR processes company Smartree, the local outsourcing industry engages over 60,000 people in Romania.

ECONOMICS

Schneider Electric, partner of International Electric and Automation Show, IEAS

2016-09-20 14:49:49
Between 20 to 23 September 2016 will be held the 12`th edition of the International Electric&Automation Show-IEAS. The event is dedicated to electric equipment and automation industries and will...

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Read in the Print Edition
Sneak peek into energy's future

In the light of the new National Strategy currently being debated, where Romania faces new challenges regarding the energy market, The Diplomat - Bucharest organized in late November the "Investments for ensuri...

Romania, Czech investors' reliable partner

Romania is not inch-perfect, but it still counts as a good destination on the foreign investor's map, as confirmed by the Czech community present at the second edition of the roundtable "Czech Investments in Ro...