Economics
November 24, 2016 07:02
The Government has passed a second budget revision this year, a positive one as Finance Minister Anca Dragu said, adding that it is a revision that reflects the efficient manner in which public money has been managed, as well as economic growth. "We adopted today a second budget revision this year. It is a positive one, the second positive this year, which is an excellent picture of our efficient management of public money and excellent economic development. We have secured macroeconomic balance, while providing trust and predictability to investors. ...more »
November 24, 2016 06:46
Romania's leasing industry could attain in 2017 its medium- term growth potential of 15 pct, while the value of financed assets could exceed 2.3 billion euro, president of the Financial Companies Association (ALB) Bogdan Speteanu said on Wednesday at the annual conference of the industry. "Speaking of expectations for the leasing industry in 2017, I would say that we will attain our growth potential. In recent years we came to the conclusion that a figure around 15 percent represents a sustainable growth for the leasing market. In the current context and considering the macroeconomic forecasts for next year, and also in connection with Romania's economic growth rate which hopefully will further stay on tops of the EU charts (...) we consider that a 15 percent growth is realist ic. Next year we hope to see the leasing market go towards 2.3 billion euro," Bogdan Speteanu told the 12th ALB Romania national conference organised together with Govnet Conferences....more »
November 15, 2016 15:19
PeliFilip advised Anchor, the real estate and development group, with respect to the merger of the Romanian group companies owning and operating București Mall and Plaza Mall. The process was designed as a merger through absorption, under which the entire patrimony of the Plaza Mall shopping centre was transferred to București Mall. The preliminary steps of the merger were initiated in March 2016, with the merger becoming effective in October 2016.  ...more »
November 14, 2016 15:25
The largest collaboration and promotion platform dedicated to the Central and Eastern Europeean Outsourcing Industry has been launched in Romania by NNC Services and its strategic partner, ProProgressio Foundation in the presence of both partners and of the Romanian Association ANIS (Association of Software and Services Industry). OutsourcingPortal.ro is a project based on a strategic partnership between NNC Services Romania, leader in marketing consulting services for IT and services companies and the Pro Progressio Foundation, developed with the mission to promote, educate and support all the players of the Romanian outsourcing market....more »
November 11, 2016 13:21
Romania's national passenger railway carrier CFR SA and the European Commission - via its Innovation and Networks Executive Agency (INEA) have signed a funding contract for the upgrading of the Apata-Cata railway portion worth a total 440 milli...more »
November 11, 2016 13:19
The National Bank of Romania (BNR) maintains its inflation estimation for this year at minus 0.4 percent, however it revises upwards the prognosis for next year, to 2.1 percent, from 2 percent, as estimated in August, according to the data of the Quarterly Report on Inflation, presented by BNR Governor Mugur Isarescu.  "For next year, we have a minor upwards revision, by 0.1 percentage points, to 2.1 percent based on the adjusted CORE 2 evolution," Isarescu explained....more »
November 10, 2016 09:52
The pay increase passed on Monday by Parliament will determine a growth of Romania's budgetary deficit to rd 3.5pct of the Gross Domestic Product in 2017, way higher than the International Monetary Fund's recommendation of 2pct of the GDP, on Wednesday said IMF resident representative for Romania and Bulgaria Alejandro Hajdenberg.  This will trigger a cut in investment spending or additional taxes, added Hajdenberg quoted by Agepress.  Within the IMF mission of March 2016, and also based on the subsequent updates, he said, IMF reached the conclusion that given the circumstances Romania's deficit will exceed 3pct of the GDP in 2017 - rd 3.2pct of the GDP. After this pay increase, maintaining the deficit at 3pct of the GDP would be harder, Hajdenberg told AGERPRES on Wednesday, adding that the IMF estimates a net impact of the pay increase of 0.3 - 0.4 percentage points of the GDP....more »
October 31, 2016 13:13
MJ Maillis, the company known for industrial packaging solutions and complete end of line solutions, sold its production facility located on the Bucuresti – Târgoviște road to the plastics manufacturer Prodplast SA in a transaction of over 1.5 million EUR. Prodplast SA has more than 50 years of experience in the plastics processing field, being one of the leading romanian production facilities in the sector. The first plastics processing plant was established in 1957. The company has 100 % private capital, being quoted at Bucharest Stock Exchange. The seller was assisted in this transaction by law firm Peli Filip. ...more »
October 31, 2016 09:43
The company Serapis Integrated Facility Management is co-founder of a new alliance that provides integrated facility management in 8 different countries in Central and Eastern Europe. The alliance was created by five partners that ensure the leadership, in Europe, with the purpose to offer integrated facility management services, adapted to clients according to business demands. The services, addressing the management and infrastructure of technical facilities and adjacent services, target global corporate clients at the regional and European level....more »
October 17, 2016 11:41
Casa de Insolvenţă Transilvania, in charge with the bankruptcy of Swan Property, announced the sale of insolvent office park Swan Office & Technology Park to Smartown Investments for EUR30.3 million, a price higher with 50 percent than the price approved by creditors. CITR declared it has promoted the office project to more than 150 investors in Romania and abroad, as well as to the clients in the company’s portfolio, according to data published in an activity report of CITR. ...more »
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