Financial
August 25, 2014 16:53
The number of companies which became insolvent in the first seven months of 2014 dropped by nearly 13.4 percent to 15,124 from 17,458 in the corresponding period last year, according to Medifax which cites data from the National Office of Trade Register....more »
August 22, 2014 15:56
Raiffeisen Bank Romania announces declining net profit of 45 million euro for the first six months of 2014, in the similar period of the past year the bank registering 60 million euro profit after tax....more »
August 21, 2014 21:34
Praktiker has improved the financial results in the first half of this year, reporting operating profit of nearly 12 million lei triggered by the restructuring process launched after the Do-It-Yourself company was took over by Turkish businessman Omer Susli....more »
August 21, 2014 20:40
Bank of Cyprus announces the transfer of the interest held in the Society of Grand Hotel Companies which owns JW Marriott hotel in Bucharest to Austrian group Strabag in a transaction estimated at 95 million euro. The sale is expected to be carried out by the end of September, 2014, yet, in case of a delay, its completion shall be no later than late-October, 2014...more »
August 18, 2014 14:07
Following last year’s performance when Romania’s gross domestic product grew beyond expectations, the provisory data published by Eurostat and further confirmed by the National Institute of Statistics moderates the optimism about the domestic economy which recorded two consecutive drops of the GDP. Romania entered, therefore, in technical recession, as the GDP declined by 0.2 percent in Q1 2014 over the previous quarter and by 1 percent in Q2 2014 compared to Q1, respectively....more »
August 18, 2014 11:52
Romania has seen a decline in foreign direct investment inflows in the first six months of 2014 which fell by 10.3 percent year-on-year. According to the latest report of Romania’s Central Bank, the volume of direct investment of non-residents in Romania totaled nearly 1.2 billion euro, a marginal advance compared to the previous analyzed period between January 1 and May 31, 2014, when FDI came to almost 1.1 billion euro....more »
July 14, 2014 21:18
Romania has attracted larger amounts of foreign direct investment between January 1 and May 31, 2014 compared to the similar period of the previous year, resulting into an advance by 13.9 percent year-on-year. Hence, the volume of direct investment of non-residents in Romania amounted to 1,091 billion euro, as shown in a report released today by the National Bank of Romania...more »
July 10, 2014 14:04
Consumer prices went down by 0.3 percent in June 2014 compared to the previous month on cheaper food and services, pulling down annual inflation rate to a new historic low of 0.66 percent, according to the data released by the National Institute of Statistics (INSSE). ...more »
July 09, 2014 11:21
Building materials manufacturer Adeplast recorded an increasing turnover of 134 million lei (some 30.4 million euro) in the first half of the year, an advance by 35 percent year-on-year, according to Agerpres which cites a company informing. The export segment was one of the growth engines, accounting for nearly 4.5 percent of the reported revenues after an increase of 184 percent compared to H1 2013....more »
July 09, 2014 10:12
Fondul Proprietatea (FP) has completed the bookbuilding process for private placement on the Bucharest Stock Exchange, announced on July 8, 2014, of all securities held in Transelectrica. According to an informing from Franklin Templeton, the fund’s manager, the final number of offered shares is 9,895,212, equivalent to a 13.5 stake, valued at 21.5 lei each (approximately 4.88 euro per share)....more »
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