General
February 02, 2015 12:17
The Bucharest Stock Exchange (BVB) will introduce an alternative solution, named “auction model”, to the existing trading model, that will be applied for a list of selected shares traded on the regulated market which meet the related criteria, announces a press release....more »
January 30, 2015 15:54
The Competition Council has imposed financial penalties totaling nearly 13 million lei (2.9 million euro) on four companies for rigging the auctions organized by Romgaz within June 2, 2008 and October 12, 2009 to award the oil and gas drilling works in Romania....more »
January 29, 2015 16:00
Romania's economy will grew by 2.7 percent this year, according to Coface's estimations, the credit insurance company expecting a growth of maximum 2.5 percent of the GDP (Gross Domestic Product) for 2014, above the 2.2 percent forecast presented last fall....more »
January 28, 2015 15:24
The European Commission released the report on Romania's progress throughout the past year in terms of judicial reform and fight against corruption, under the Co-operation and Verification Mechanism (CVM), revealing a positive evolution towards the goals of the CVM, although there is still need of consistent improvement....more »
January 28, 2015 12:22
Romania has improved its economic freedom score in Heritage Foundation's global ranking, advancing five positions over the previous year to the 57th place, achieving its highest score ever. Our country got 66.6 points, 1.1 points more than in the 2014 Index, above the world average, “reflecting improvements in freedom from corruption, labor freedom, and the management of government spending that outweigh a decline in business freedom”, states the report issued in cooperation with the World Street Journal....more »
January 27, 2015 13:24
Deloitte Romania has strengthened its team by co-opting Lars Wiechen as Partner in Financial Advisory Services, position from which he is primarily responsible for leading the Valuation & Modelling service line in Romania, according to a press release....more »
January 26, 2015 15:19
The Romanian market remained at 2013's level with mergers and acquisitions transactions worth about 1.2 billion euro last year, whereas globally, deal values boosted close to those recorded in 2007, the biggest M&A year on record, according to a PwC Romania analysis. ...more »
January 23, 2015 14:50
The IT services company Endava has opened its fourth development center in Romania, in Pitesti, where it will hire about 50 IT professionals by the end of 2015, while in the next three years the number of employees is expected to double. Nearly 40 percent of the new hires will be recruited through an internal programme designed for IT graduates, according to a press release....more »
January 22, 2015 11:04
Schneider Electric received the Stewardship Award for Efficiency Initiative in the Commercial End-User category at the 2014 Platts Global Energy Awards, recognizing its efforts to conserve and manage energy consumption at more than 300 company facilities around the world through its Energy Action Program, according to a press release....more »
January 21, 2015 17:19
In the four years since floating on the Bucharest Stock Exchange, Fondul Proprietatea's shares boosted their value by almost 85 percent, given the price on January 20, 2015 (and by 78 percent at 2013 year-end), explained Greg Konieczny, the representative of Franklin Templeton, the Fund Manager of Fondul Proprietatea. ...more »
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