General
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 »
July 04, 2016 10:41
According to an emergency ordinance promoted by the Government, the operators are accountable for the waste generated by their primary, secondary and tertiary packaging, excepting the waste generated by packaging at the sales point of their products. For these, the operators that overpack individually packed products in order to sell or redistribute it, are responsible.  Also, the operators that lease under any form, with professional title, the packaging, are responsible for the waste....more »
July 01, 2016 15:23
After a year where the company's profit dropped to 320 000 euro comparing to 9.4 million euro the previous year, and 21.3 million euro revenue from 64.4 million euro, businessman Valer Blidar, manager of Astra Vagoane Calatori in Arad, decided to start production for electric buses and trolleybuses and hopes to double the revenue by the end of the year.  “We launched two production lines, one for electric buses, and one for electric trolleybuses. I recently came back from France, where I signed a agreement with a large component producer that we will be collaborating with”, says Valer Blidar. ...more »
June 16, 2016 15:58
Ana Hotels, the largest hospitality company in Romania considering its revenue (28.3 million EUR in 2015, and 2.9 million EUR profit), is announcing investments worth 20 million EUR in its properties in Bucharest.  The plan includes complete renovation of the rooms in Athenée Palace Hilton starting 2017, and also erecting a new hotel building with approx. 70 rooms, and a 900 sqm conference hall, both next to Hilton. ...more »
Govnet Next Events