Financial
September 17, 2014 14:20
Darius Valcov, the new Minister Delegate for Budget signed an agreement with the World Bank for receiving technical support in a project aimed at improving public investment management....more »
September 16, 2014 15:18
Nuclearelectrica’s Board of Directors convened this week approved the update of the revenues and expenses budget indicators for the current year. Accordingly, the nuclear power producer estimates a gross profit of about 124 million lei (213.5 percent higher than the profit foreseen in the budget approved on July 31, 2014) and a net profit of nearly 98 million lei (+254.8 percent compared to the previous budget framework)....more »
September 15, 2014 13:10
Romania is yet to see a revival in terms of foreign direct investment which kept the downward trend, dropping by 13.8 percent in the first seven months of 2014. According to the latest report released by Romania’s Central Bank, the volume of direct investment of non-residents in Romania totaled about 1.3 billion euro, in July 2014 the FDI inflows coming to only 100 million euro, volume similar to the one recorded in the previous month....more »
September 15, 2014 11:58
Remus Borza, Hidroelectrica’s judiciary administrator, forecasts profit of over 1 billion lei in 2014, after reporting gross profit of nearly 720 million lei at eight months....more »
September 12, 2014 16:03
The European Investment Bank (EIB) is granting a 100 million loan euro to CEC Bank Romania to co-finance projects to be carried out by SMEs, mid-caps and public sector companies in the industrial and services sectors, including tourism and infrastructure, announces the EIB....more »
September 11, 2014 10:35
The Bucharest Stock Exchange announces lower trading fees for regulated market, Rasdaq, ATS and Unlisted segment, in line with the strategy of reforming the local capital market by aligning to European standards so as to eliminate the barriers in its further development....more »
September 10, 2014 14:40
Volksbank Romania will inaugurate ten business centers in Romania by the end of the year to assure improved accessibility to corporate services and support development of the local business environment....more »
September 09, 2014 18:17
Exports level hits record-high in July 2014 amounting to 4.8 billion euro (21 billion lei) after a 12.7 percent increase over the previous month - 6.6 percent increase year-on-year, respectively (5.6 percent advance in lei-denominated currency), according the preliminary estimations of the National Institute of Statistics (INSSE). ...more »
September 08, 2014 13:19
Fitch Ratings has affirmed Romania’s  long-term IDR (Issuer Default Rating) at ‘BBB-‘ and local currency IDR at ‘BBB’, the outlooks remaining stable, according to press release of the credit rating agency. At the same time, the issue ratings on senior secured foreign and local currency bonds have been affirmed at ‘BBB-‘ and ‘BBB’, respectively....more »
September 04, 2014 15:18
Prime Minister Victor Ponta announced that the tax on special constructions will be reduced from 1.5 percent to 1 percent of the estimated value of constructions, reads Mediafax. Also, revenues generated by the fiscal measure introduced this year will no longer go to the state budget but will remain at disposal of local authorities....more »
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