Financial
October 23, 2014 11:00
Banca Transilvania has been approved a credit line of 150 million euro by the European Investment Bank (EIB), amount which will be allocated to projects to be promoted by small and medium-sized enterprises, midcap companies and public entities operating in Romania’s industry, services, agriculture and infrastructure sectors....more »
October 22, 2014 17:07
Romania will improve the absorption of EU funds by next year, Eugen Teodorovici, the Minister of European Funds, anticipating an 80 percent absorption rate allocated as per the financial framework 2007-2013....more »
October 22, 2014 15:20
The South African investment fund has announced an equity raising of roughly 80 million euro through an accelerated bookbuild opened on October 22, 2014, at 09h00 (South African time), NEPI reserving the right to close it at any time.  Also, the size of equity raise could be increased, depending on demand....more »
October 20, 2014 12:32
Standard & Poor’s has affirmed the long and short-terms foreign and local currency credit ratings on Romania at ‘BBB/A-3’, maintaining the outlook stable. The credit rating agency explains through a release that the ratings are supported by “Romania’s low and declining external debt stock, its narrowing general government deficits, and moderate stock of general government debt amid relatively firm growth prospects”....more »
October 08, 2014 13:16
The International Monetary Fund has revised the latest estimation on Romania’s economic progress (2.8 percent in July 2014) to 2.4 as per the World Economic Outlook report released on 7 October. Although anticipating a slower growth rate, the estimation is improved compared to the initial prediction of 2.2 percent. For the next year, though, the IMF maintained the projection, expecting an advance by 2.5 percent of the GDP....more »
October 07, 2014 16:50
The Ministry of Finance issued a draft law for amending the Law no. 297/2004 on the capital market. The bill, which can be checked on the ministry’s website, is aimed at aligning the current legislation to the existing standards in order for Romania be ranked as an emergent capital market, thus increasing external visibility and attracting new investors. This legislative approach is part of a broader initiative of a working group lead by the Bucharest Stock Exchange and which comprises representatives of the domestic capital market, the Financial Supervisory Authority and of the National Bank of Romania....more »
October 06, 2014 16:29
Companies controlled by the Romanian State, such as Hidroelectrica, Bucharest Airports, Oltenia Energy Complex and Constanta Port, will be listed on the stock exchange as per the Government’s related-programme, said Prime Minister Victor Ponta, according to Mediafax....more »
September 30, 2014 15:00
The Board of Romania’s Central Bank, BNR, lowered again the monetary policy rate to 3 percent, a new historic low, after a similar measure taken during the previous meeting when it was reduced from 3.50 to 3.25 percent....more »
September 29, 2014 16:31
Ioana Maria Petrescu, the Minister of Finance, announced that the Government will except the companies operating offshore platforms in the Black Sea from paying the tax on special construction. Hence, companies such as Petrom, Lukoil or ExxonMobil will not pay the 1.5 percent tax introduced this year for the drilling wells they operate. ...more »
September 18, 2014 12:54
The Ministry of Finance announces the start of the first session of the state aid programme aimed at encouraging investment and enhancing regional development by creating new jobs, hence companies looking for obtaining funds through state aid can submit the related requests within September 22 and October 17, 2014, according to a press release of the ministry....more »
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