Economics
October 29, 2014 15:07
Romania jumps 25 places in Doing Business 2015, the annual report issued by the World Bank Group which ranks the global economies based on the overall ease of doing business. The recently released edition ranks our country the 48th amongst 189 countries, a major advance compared to the previous edition in which Romania was placed in the 73rd position. ...more »
October 28, 2014 14:40
Exxon Mobil and OMV Petrom have started drilling a new exploration well on a new prospect in the Neptun Block offshore Romania, according to a press release of OMV’s domestic subsidiary....more »
October 28, 2014 13:26
The leasing division of the financial group Garanti Romania has been provided a 7 million euro loan by the International Finance Corporation (IFC), member of the World Bank Group, funds which will be used to finance small and medium sized enterprises. ...more »
October 24, 2014 15:39
Bucharest Airports National Company (BANC), saw increasing air traffic on the two airports it operates, in September 2014, as the number of passengers (approximately 829,000) increased by 9 percent over the same month of the previous year....more »
October 23, 2014 16:55
Azomures has concluded a 75 million euro loan agreement for the modernization of its two ammonia plants. The funds were secured from a syndicated loan granted by BCR in cooperation with UniCredit Tiriac Bank and will enable the Romanian chemical fertilizers producer based in Targu Mures to carry out one of the most important investment project included in the programme aimed at modernizing the production facilities....more »
October 23, 2014 15:33
The Romanian Government raised 1.5 billion euro in a ten-year euro-denominated bond, the first ever with an interest rate below 3 percent (2.981 percent). In comparison, the last similar bond issue in April 2014 was closed with an interest rate of 3.701 percent....more »
October 23, 2014 12:40
The Egyptian government purchased additional 60,000 tonnes of wheat from Romania in a tender held earlier this week, paying about 15.52 million dollar, following similar transactions carried out in August and September....more »
October 23, 2014 11:47
New Europe Property Investment has run an equity raising of approximately 100 million euro through an accelerated book build on the Johannesburg Stock Exchange, funds which will be used to finance three recently announced acquisitions - Aurora Shopping Mall and Alba Iulia Strip Mall in Romania in Romania and Kragujevac Plaza Shopping Mall in Serbia, as well as future development and extension pipeline, along with possible further acquisitions....more »
October 23, 2014 11:00
Banca Transilvania has been approved a credit line of 150 million euro by the European Investment Bank (EIB), amount which will be allocated to projects to be promoted by small and medium-sized enterprises, midcap companies and public entities operating in Romania’s industry, services, agriculture and infrastructure sectors....more »
October 22, 2014 17:07
Romania will improve the absorption of EU funds by next year, Eugen Teodorovici, the Minister of European Funds, anticipating an 80 percent absorption rate allocated as per the financial framework 2007-2013....more »
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