Economics
April 30, 2014 13:20
Banca Transilvania has posted a gross profit of 123.5 million lei (net profit is about 103.4 million lei), 23 percent higher in comparison with the figures corresponding to Q1 in 2013, with total assets coming to almost 33 billion lei....more »
April 30, 2014 12:06
Banca Comerciala Romana ended the first quarter with a net profit of 1 million lei (about 200.000 euro), while in Q1 last year the bank posted a net loss of 10.2 million lei (2.3 milllion euro), according to a financial report released today. Although, there was a decline in total assets by 6.8 percent to 65.8 billion lei (some 14.76 billion euro) compared to March 31, 2013, BCR maintains leading market share by assets. ...more »
April 29, 2014 14:36
The medical services operator announces the opening in Galati of the tenth hyperclinic in its portfolio which is also the first one in the South East region in Romania. An investment worth 800.000 euro, the new unit with a surface of 1.000 sqm includes 16 surgeries where patients can benefit from a wide range of medical services....more »
April 29, 2014 11:56
The Extraordinary General Meeting of Shareholders of Fondul Proprietatea (FP) yesterday approved the secondary listing on the London Stock Exchange, as previously recommended by Franklin Templeton, the Fund’s manager. By this initiative which should be carried out by the end of the year, FP aims at broadening the foreign investor base, increasing demand, as well as expanding coverage of investment banks or brokers....more »
April 29, 2014 11:10
Stefan Frangulea, formerly Director of the Sales Management Division within BCR Pensions, has been appointed as Manager of Hidroelectrica’s Strategy and International Cooperation Department, from the new position being in charge with coordinating the privatization strategy and selling the small hydropower plants from the company’s portfolio....more »
April 28, 2014 16:17
The Netherlands Romanian Chamber of Commerce (NRCC), in close collaboration with the Embassy of The Netherlands, celebrated last Friday, April 25, the Orange Night – an event dedicated to the birthday of King Willem-Alexander of The Netherlands, the first King’s Day in history, as previously the Dutch throne had been occupied exclusively by queens....more »
April 28, 2014 12:31
Moody’s Investors Service has changed the outlook on Romania’s Baa3 government bond rating to stable from negative following improved fiscal and current account metrics and lower risks to growth and balance of payments from Euro area in 2013, also affirming the P-3 short term rating on government bond, according to a press release....more »
April 25, 2014 11:19
Benevo has obtained the construction permit for Victoria City Center, project that was initially scheduled to start at the beginning of the year, thus the company announces that construction works will eventually begin this July after the contracting of a construction company planned for the following month. Its opening is expected next year, in October....more »
April 24, 2014 14:38
Dona pharmacy network has started a rebranding process that will be implemented over the coming 4-5 years and for which assigned a budget of 15 million euro. Apart from the 240 units across the country which will be redecorated and improved, its...more »
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