General
February 10, 2017 07:27
The Government decided on Thursday to adopt a memorandum on establishing the Sovereign Development and Investment Fund (FSDI), the Economy Minister Alexandru Petrescu announced.  "Today, we have adopted a memorandum, according to the 2017-2020 governance programme, taking into account the founding of new public investments, the establishment of the Sovereign Development and Investment Fund being an economy stimulation measure, an investment funding instrument in competitive, profitable and sustainable sectors, with a multiplication effect in economy, going to attract capital and financial market sources," Alexandru Petrescu stated, in a briefing at the Victoria Palace....more »
February 10, 2017 07:21
The National Bank of Romania (BNR) forecasts for 2017 an economic growth ranging between 4 pct and 5 pct, but this is in connection with the institution's macro-economic scenario, the central bank's governor Mugur Isarescu on Thursday told a news conference.  "The prediction in our model is confidential (...) it's somewhere between 4 pct and 5 pct. It's unrelated to the budget construction, do not put them in counterpart, we wouldn't want to create another issue in the society!...more »
December 14, 2016 16:20
FAN Courier, expects to end the year with an advance in turnover of 29%, declared the company in a press release.   In a market estimated to pass the threshold of 400 million euros from 385 million euros in 2015, the leader of the courier sector in Romania has allocated for 2016 a budget of 18 million Euros for investments to modernize its fleet, to open a regional hub in Brasov and modernize the Bucharest hub. ...more »
November 28, 2016 14:46
The National Prognosis Commission left unchanged the economic growth estimations for 2016 and 2017 to 4.8 percent, 4.3 percent respectively, compared to the preliminary version of the autumn prognosis on average term, published in September.  According to the prognosis regarding the projection of the 2016-2020 main macro-economic indicators, the CNP estimates for this year a real economic growth of 4.8 percent, to a nominal GDP of 758.5 billion lei, and for 2017 an increase of 4.3 percent to a value of 807.4 billion lei....more »
November 24, 2016 07:02
The Government has passed a second budget revision this year, a positive one as Finance Minister Anca Dragu said, adding that it is a revision that reflects the efficient manner in which public money has been managed, as well as economic growth. "We adopted today a second budget revision this year. It is a positive one, the second positive this year, which is an excellent picture of our efficient management of public money and excellent economic development. We have secured macroeconomic balance, while providing trust and predictability to investors. ...more »
November 14, 2016 15:25
The largest collaboration and promotion platform dedicated to the Central and Eastern Europeean Outsourcing Industry has been launched in Romania by NNC Services and its strategic partner, ProProgressio Foundation in the presence of both partners and of the Romanian Association ANIS (Association of Software and Services Industry). OutsourcingPortal.ro is a project based on a strategic partnership between NNC Services Romania, leader in marketing consulting services for IT and services companies and the Pro Progressio Foundation, developed with the mission to promote, educate and support all the players of the Romanian outsourcing market....more »
November 11, 2016 13:19
The National Bank of Romania (BNR) maintains its inflation estimation for this year at minus 0.4 percent, however it revises upwards the prognosis for next year, to 2.1 percent, from 2 percent, as estimated in August, according to the data of the Quarterly Report on Inflation, presented by BNR Governor Mugur Isarescu.  "For next year, we have a minor upwards revision, by 0.1 percentage points, to 2.1 percent based on the adjusted CORE 2 evolution," Isarescu explained....more »
October 31, 2016 13:13
MJ Maillis, the company known for industrial packaging solutions and complete end of line solutions, sold its production facility located on the Bucuresti – Târgoviște road to the plastics manufacturer Prodplast SA in a transaction of over 1.5 million EUR. Prodplast SA has more than 50 years of experience in the plastics processing field, being one of the leading romanian production facilities in the sector. The first plastics processing plant was established in 1957. The company has 100 % private capital, being quoted at Bucharest Stock Exchange. The seller was assisted in this transaction by law firm Peli Filip. ...more »
September 20, 2016 16:49
Under the slogan "Light Up the City through Yourself", Western city of Timisoara won the competition of becoming the second Romanian city elected European Capital of Culture after Sibiu. The other Romanian cities competing for the title were Bucharest, Baia Mare and Cluj-Napoca....more »
July 18, 2016 16:03
A growth of 17 % compared to 2014 placed Romania on the 6th place in Europe when it comes to jobs created by foreign direct investments (FDI). In 2015 there were 12 000 jobs created by FDIs, according to Ernst & Young European Attractiveness Survey 2016. FDIs in Europe reached their historical maximum – 5.083 projects that generated 217.666 new workplaces. Western Europe is still the most attractive hub, with 77 % of the projects, out of which 51% are hosted by UK, Germany and France....more »
Govnet Next Events