Economics
February 21, 2017 12:37
Despite popular fears which range from job losses to doomsday scenarios, finance professionals welcome the rise of artificial intelligence, automation and robots, according to the latest survey by the Chartered Institute of Management Accountants (CIMA). ...more »
February 20, 2017 10:34
Romania exported in 2016, vehicles and transport equipment worth 22.48 billion euros, by 2.2 billion Euros over the level of the similar period of 2015, according to the centralized data of the National Institute of Statistics (INS).  The vehicles and transport equipment imports stood at 21.09 billion Euros, being higher by 2.34 billion Euros in comparison to the ones in the period January-October 2015, thus registering on this segment a surplus of 1.395 billion Euros....more »
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 »
February 10, 2017 07:14
Romania's trade balance deficit (FOB/CIF) hit 9.957 bln euro in 2016, by 1.591 bln euro higher than in the previous year, shows data released by the National Institute of Statistics (INS). In comparison with 2015, exports and imports increased last year by 5.1 pct and 7.0 pct, respectively. FOB exports totaled 57.385 billion euros, while CIF imports amounted to 6.734 billion euro. The product groups with a significant share in the country's trade were machines and transport equipment (47 pct for exports and 38 pct for imports) and other manufactured products (32.4 percent for exports and 31.0 percent for imports, respectively)....more »
February 10, 2017 07:03
Govnet Conferences organized on February 9 another exclusive Power Breakfast on State Aid, focusing on practical aspects regarding the implementation of State Aid Schemes in Romania. It was a great opportunity for potentially eligible companies to find more about financing of investments from non-reimbursable funds directly from the people involved in the process: representatives of the Directorate for State Aid department in the Ministry of Finance, representatives of companies that already benefited from state aid and consultants that assisted investment projects in the past....more »
February 01, 2017 14:29
The Association of Electricity Suppliers in Romania - AFEER expresses concern about the current situation on the energy market, namely the very large increases in electricity prices on the spot market exchange OPCOM. ...more »
January 26, 2017 16:51
Rented office space nationwide - excluding Bucharest - was 71,560 sqm in 2016, by 53 percent higher than in 2015, shows a specialist survey. Half of this surface was leased in Timisoara, equaling office rental deals in all the other big cities: Iasi, Cluj-Napoca, Brasov, Arad and Pitesti....more »
January 26, 2017 16:46
The number of green certificates traded in January 2017 on the Green Certificates Centralized Market (PCCV) amounted to 6,371 units, a figure seven times bigger than that of the similar period last year, when 906 units were traded, according to data released by OPCOM, Romania's electricity and natural gas market operator.  In January, 56 sales offers and seven buying offers were launched, at a price of 132.404 lei per certificate....more »
January 17, 2017 09:15
Biriş Goran assisted AdamAmerica Europe on the acquisition of Construdava, a 9,400 sqm office building located on Pipera-Tunari Road, in the North-East of Bucharest. The building is fully leased by Metro Systems, internal IT provider of Metro Group in Bucharest, Romania.  Biris Goran advised AdamAmerica on all aspects of the purchase from the building's owners, Commerzbank AG and Aberdeen Asset Management.  The team was spearheaded by Victor Constantinescu, Daniela Lazea, Mariana Signeanu and Radu Jianu on the acquisition documents, along with other members of Biriş Goran on due diligence....more »
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