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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.

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.

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...

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...

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...

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...

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 ...

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...

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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...

Government reduces VAT for agricultural services, seeds, pesticides and fertilizers to nine per cent

VAT for agricultural services, seeds, pesticides and fertilizers is set to decrease from 20 per cent to nine per cent, announced Prime Minister Dacian Ciolos in late June, most probably starting...

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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...

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...

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...

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...

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...

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...

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...

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...

Energy price for households to increase as of 1 January

The price of energy for consumers who are powered in universal service will increase as of 1 January, while the peak energy consumption, between 18:00 hrs and 22:00 hrs will be more expensive by...

The increase of the final gas price for the population, determined by higher acquisition costs, says ACUE

As a result of the increase of the cost of gas purchases paid by suppliers to the natural gas producers, ANRE decided, according to the methodology in force, to raise the final gas price for the...

Electrica Group launches its first sustainability report

Electrica Group, leader in the distribution and supply of electric energy in Romania, is launching a sustainability report for 2016, which serves as the first non-financial report of the company...

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Daily Info
Socar has opened the second filling station in Brasov and reaches a total of 39 stations
Socar has opened its 39th filling station in Romania. This is the second filling station to be launched under Socar brand in Brasov city, one of the Romanian tourism centers.

Hornbach opens an online store with over 27,000 products in Romania
Hornbach officially launches their online store in Romania, where customers can choose from over 27,000 products.

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 the Council of the...

Colliers Romania appoints Laurentiu Lazar as new managing partner
Laurentiu Lazar will take over as the new managing partner of the real estate consultancy company Colliers International Romania, effective as of March. Ilinca Paun, the current managing partner, will remain me...

Skanska Romania appoints Aurelia Luca as new managing director
Skanska Property Romania, the local division of one of the largest real estate developers, announces changes at the top of management in Romania. Marcin Lapinski, Managing Director for Skanska Property Romania ...