IMF report shows Romania's economy fragilities
The Romanian economy is growing strongly, unemployment has fallen to a record low, and the financial sector is improving shows the report issued by the International Monetary Fund ( IMF). An IMF staff team visited Bucharest during March 6-16 t more »
DPD Romania estimates 20% growth for 2018 and announces investments in two new logistics centers
Following last year's EUR 1.5 million investment in expanding its logistics capacity and software, DPD Romania, one of the largest express and parcel companies in the local market, estimates a 20% increase in turnover in 2018 and over 11 million parcels shipped during the year. In 2017, the company maintained an upward trend, with a turnover reported at the end of the year of 26.8 million. For 2018, the company will invest around 1 million euros in various business areas, including the opening of two logistics centers in Arad and Craiova. more »
March 08, 2018 09:19
DPD Romania, one of the largest courier and express delivery companies on the local market, has launched Express Regional, a fast delivery service for envelopes and door to door parcels anywhere in Bulgaria, Hungary and Greece....more »
March 06, 2018 14:43
Garanti Leasing, part of Garanti Romania, finances 20 Renault Zoe cars, with over EUR 300,000, as part of its strategy to actively support sustainable entrepreneurial projects, as well as other initiatives that have a positive impact on the community and the environment....more »
March 06, 2018 14:42
Bucharest Stock Exchange (BVB) went up by 9% in the first two months this year, as BET, the main index of the local capital market, closed February 2018 at 8,452 points, the second largest closing value recorded by BET during the January-February period this year. The increase posted by the Bucharest Stock Exchange is the largest among main indices of the capital markets of the European Union, Reuters data show....more »
March 01, 2018 14:36
While non-performing loan portfolio disposals picked up in 2016 with just over EUR 7 billion face value of completed deals in the CEE region (based on publicly available deal information), the enhanced debt sales market activity continued in 2017, according to the sixth edition of Deloitte's report on non-performing bank loans (NPL)....more »
February 28, 2018 12:01
The Government hails the partnership relation between EBRD and Transgaz, valuable company in the gas industry in Romania. The signing of the loan agreement of BRUA pipeline is a confidence signal sent to investors with respect to business opportunities that Romania is offering, Vice Prime Minister Viorel Stefan stated on Friday, in London, on the signing ceremony of the loan agreement between Transgaz and EBRD, worth 278 million lei (EUR 60 million dedicated to building the Romanian section of the BRUA  natural gas pipeline)....more »
February 28, 2018 11:52
Nestor Nestor Diculescu Kingston Petersen (NNDKP), one of the largest independent law firms in the CEE region, based in Bucharest, Romania, and Cornerstone Communications, CEE-present Investors’ relations and transactions-wise enabler agency, enter into an alliance. ...more »
February 15, 2018 11:59
Purcari Wineries, a leading CEE wine producer, lists today on the Bucharest Stock Exchange, under the WINE symbol, following a successful IPO of 49% of its shares. The offering was well received, with retail investors oversubscribing mor...more »
February 14, 2018 12:34
Hategan Attorneys through the Tax Department won in the first instance at the Timis Court, an important lawsuit against ANAF, DGFP Timis, representing one of the largest developers of renewable energy projects in the West. Thus, the Timis Tribunal decided that several components of the photovoltaic park can not be considered as constructions, thus avoiding the increase of the building tax due. This court judgment could have a major impact on the renewable energy industry....more »
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