Financial
January 26, 2015 13:38
Hidroelectrica has posted a turnover of 3.4 billion lei in 2014, the highest ever, likewise the related profit, the electricity producer's obtaining a gross profit of 1.2 billion lei (net profit of 967 million lei). The state-owned enterprise increased its revenues by 10.5 percent compared to the previous year, while it boosted its profit by 33 percent year-on-year....more »
January 23, 2015 12:50
After announcing the list with the Authorized Advisors for the AeRO market, the Bucharest Stock Exchange (BVB) invited them to open Friday's January 23rd trading session. The AeRO market is the equity segment of the BVB’s alternative trading system, designed for listing of early stage companies, start-ups and SMEs, offering them a mechanism to access the necessary capital for development and growth purposes. It is based on the BVB alternative trading system existing since 2010 and it will be launched under a redesigned and reconstructed concept on February 25, 2015....more »
January 20, 2015 15:26
Oltchim anticipates a significant improvement in its financial evolution corresponding to 2014, the second year of insolvency, when the preliminary results indicate a turnover 25 percent higher year-on-year, increasing exports and an improved EBITDA, according to a press release of the state-owned company....more »
January 19, 2015 15:43
The European Bank for Reconstruction and Development has maintained the forecasts as regards Romania's economy which is expected to advance by 2.8 percent in 2015, indicates the latest regional report of the financial institution....more »
January 16, 2015 14:40
Bucharest-based Raiffeisen Leasing, the subsidiary of Austria’s Raiffeisen Bank International has been provided a 132 million lei (about 30 million euro) loan by the European Bank for Reconstruction and Development, funds which will be on-lent to micro, small and medium-sized enterprises (MSMEs) to finance leases of equipment, trucks, trailers and commercial vehicles, according to a press release of the financial institution....more »
January 14, 2015 12:28
The law no. 11/2015 enforcing the emergency ordinance that provides the reduction of the tax on special construction by 33 percent will come into effect as from January 16, 2015 after being published in Romania’s Official Gazette three days earlier....more »
January 13, 2015 14:47
After 11 months in 2014, the level of foreign direct investment (FDI) in Romania is still below the volume recorded in the previous year, though the decline slowed downed following inflows of 531 million euro in November, according to a release of Romania’s Central Bank, BNR....more »
January 09, 2015 13:27
Romania’s exports increased by 6.5 percent year-on-year between January and November 2014, while imports had a lower growth rate of 6 percent, leading to a trade deficit of 5.3 billion euro, higher by 97.1 million euro compared to the previous year, announces the National Institute of Statistics (INSSE)....more »
January 08, 2015 12:41
The retail turnover volume recorded a growth rate above 7 percent in the first eleven months of the past year stimulated by rising sales of non-food products, food, beverages and tobacco, indicates a report of the National Institute of Statistic...more »
January 07, 2015 16:41
Romania has committed to use all the CHF181 million (150 million euros) non-reimbursable funds granted by Switzerland for helping our country to develop, amount which will be allocated to more than 250 projects already approved, announces the Ministry of Finance....more »
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