Economics
May 19, 2014 11:23
After taking over Romanian International Bank (RIB) last year, the Polish group Getin Holding enlarges its business portfolio in Romania by acquiring the domestic division of Volksbank Leasing International, in a transaction which includes VB Le...more »
May 16, 2014 16:02
The German-based logistics company, Rhenus Logistics moved its operations to Mercury Logistics Park, near the Bucharest-Pitesti highway, where rented 14,000 sqm, becoming the largest real estate transaction so far in 2014, according to GS Capital Advisory which provided advisory services to Rhenus, states ZF....more »
May 15, 2014 16:56
Foreign Direct Investments maintain the upward trend, recording a 30.1 percent advance year-on-year in the first quarter in 2014, amounting to 570 million euro, shows a report released today by the National Bank of Romania....more »
May 15, 2014 15:42
Sales volumes of drugs have declined in the first quarter of the year, the Romanian market recording sales worth nearly 669 million euro (based on distribution price), down 4 percent compared to the same period in 2013, according to research company Cegedim, informs Mediafax. The drop was lower considering the lei currency – 1.5 percent to 3 billion lei....more »
May 15, 2014 13:25
Rompetrol Rafinare yesterday posted the financial results for Q1 2014, indicating a consolidated turnover of 1.3 billion dollar, up by 48 percent year-on-year and a 9.3 billion dollar operating result compared to a negative value of 120,000 doll...more »
May 15, 2014 11:22
The economic advance continued in the first quarter of 2014 according to the “flash” estimates released today by the National Institute of Statistics (INSSE) which reveal a 3.8 percent growth of the Gross Domestic Product, compared to the same period last year, both for the unadjusted and for the seasonally adjusted series....more »
May 14, 2014 16:09
Investors are showing increasing confidence in investing in the Eastern European region, approaching levels similar to those recorded within 2003 and 2007, reveals Deloitte’s latest survey – Deloitte CE Private Equity Confidence. Some 60 percent of respondents - twice as many as in the previous research and the maximum in the past two years - expect a revival in terms of deal activity, hence the economic downturn might eventually come to an end....more »
May 14, 2014 12:24
The leasing division of Garanti Romania has concluded a 5-year loan arrangement for a 7.5 million euro with the Black Sea Trade and Development Bank (BSTDB). Garanti Leasing will use the credit to support its lending operations in the SMEs (Small and Medium Enterprises) sector, is stated by a press release....more »
May 13, 2014 16:49
Ion-Toni Teau took over the CEO position within Transelectrica, after the Transmission and System Operator and Stefan Doru Bucataru, who formerly held this function had mutually terminated the agreement, is announced by a company release. Teau had been previously the President of Transelectrica’s Supervisory Board and the mandate in the new position ends once the period for which Bucataru was initially appointed expires....more »
May 13, 2014 15:24
Following last year’s performance when OMV Petrom recorded a profit of over 4.82 billion lei – the biggest in history, the first quarter of 2014 has brought a decline in both revenues and profit. The company has today posted the financial results corresponding to Q1 showing sales revenues  of 5.3 billion lei, 9 percent below the value recorded within the same period of 2013, mainly due to lower sales volumes of crude oil, gas and electricity and a lower crude price environment. Net profit has also narrowed, dropping by 19 percent Year-on-Year – from 1.33 billion lei to nearly 1.08 billion lei....more »
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