Economics
January 09, 2015 14:44
Polish hotel group Obris signed with Accor the agreement on the purchase of 46 hotels in Central Europe and concluded the master license agreement, the total price of the transaction amounting to 142.3 million euro....more »
January 09, 2015 13:27
Romania’s exports increased by 6.5 percent year-on-year between January and November 2014, while imports had a lower growth rate of 6 percent, leading to a trade deficit of 5.3 billion euro, higher by 97.1 million euro compared to the previous year, announces the National Institute of Statistics (INSSE)....more »
January 08, 2015 16:51
MedLife has initiated the acquisition of a majority stake of 55 percent of the shares in SAMA Health Care Center and Ultratest group, headquartered in Craiova, one of the major medical operators in the Oltenia region....more »
January 08, 2015 14:58
OTP Bank Romania has finalized the acquisition of Millennium Bank Romania, a transaction worth 39 million euro announced in June 2014. As a result of taking over of the bank, formerly part of Banco Comercial Portugues, the market share of OTP Bank Romania will expand to about 2 percent and the newly merged bank is expected to move up to the 13th position among the banks operating in Romania....more »
January 08, 2015 12:41
The retail turnover volume recorded a growth rate above 7 percent in the first eleven months of the past year stimulated by rising sales of non-food products, food, beverages and tobacco, indicates a report of the National Institute of Statistic...more »
January 07, 2015 16:41
Romania has committed to use all the CHF181 million (150 million euros) non-reimbursable funds granted by Switzerland for helping our country to develop, amount which will be allocated to more than 250 projects already approved, announces the Ministry of Finance....more »
January 07, 2015 14:08
Romania’s central bank, BNR, lowered again the monetary policy rate to 2.5 percent, a new historic low, which will be effective starting with January 8, 2014, announces a press release of the bank....more »
January 07, 2015 12:16
The new Minister of Economy, Mihai Tudose, met with representatives of the judicial administrators of Oltchim, RomInsolv and BDO Business Restructuring who presented the timetable for reorganizing the insolvent chemical plant and which fixes March 7, 2015 as the deadline for approving the reorganization plan....more »
January 06, 2015 17:16
Over 50 milk factories, about one third of the production facilities on the Romanian market, were closed last year due to lower domestic demand and rising production costs according to Dorin Cojocaru, president of APRIL, Romania’s Dairy Industry Association, who talked to Mediafax....more »
January 06, 2015 16:13
Industrial production prices continued the decline in November 2014 with a drop by 0.1 percent compared to the previous month, price decreases being recorded both for the local market (-0.2 percent) and for the non-domestic market (-0.1 percent)....more »
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