Financial
June 04, 2014 15:24
INSSE (the National Institute of Statistics) today confirmed the 3.8 percent increase of the Gross Domestic Product in the first quarter of 2014, compared to the same period last year, already announced by the “flash” estimates released in mid-May. Also, the GDP in Q1 was, in real terms, 0.1 percent higher than in the last quarter of the past year....more »
May 30, 2014 17:20
Electrica announced today its intention to launch an Initial Public Offering of new ordinary shares in the share capital and global depositary receipts (GDRs) to be listed on the Bucharest Stock Exchange (the shares) and on the London ...more »
May 27, 2014 14:33
Loans granted by credit institutions to household or companies in Romania went up by 0.2 percent (down 0.1 percent in real terms) in April 2014 compared to the previous month, totaling about 218.3 billion lei, as shows the data released by the National Bank of Romania. ...more »
May 23, 2014 14:55
Upon validating the Country Partnership Strategy (CPS) for Romania for 2014-2017, the World Bank Group Board of Directors approved yesterday a 750 million euro budget support loan, the first of a series of such operations loans as per the new CPS, the Romanian Ministry of Finance announces. ...more »
May 21, 2014 13:02
During yesterday’s meeting, the Romanian Government approved an emergency ordinance and a government decision to eliminate 10 taxes and non-fiscal tariffs, while other 17 will be merged. For the remaining 65 there will be issued ministerial orders or decisions of the presidents of institutions to eliminate, so as the legislative measures come to effect by July 1, 2014, the Ministry of Public Finance announces....more »
May 19, 2014 11:23
After taking over Romanian International Bank (RIB) last year, the Polish group Getin Holding enlarges its business portfolio in Romania by acquiring the domestic division of Volksbank Leasing International, in a transaction which includes VB Le...more »
May 15, 2014 16:56
Foreign Direct Investments maintain the upward trend, recording a 30.1 percent advance year-on-year in the first quarter in 2014, amounting to 570 million euro, shows a report released today by the National Bank of Romania....more »
May 15, 2014 13:25
Rompetrol Rafinare yesterday posted the financial results for Q1 2014, indicating a consolidated turnover of 1.3 billion dollar, up by 48 percent year-on-year and a 9.3 billion dollar operating result compared to a negative value of 120,000 doll...more »
May 15, 2014 11:22
The economic advance continued in the first quarter of 2014 according to the “flash” estimates released today by the National Institute of Statistics (INSSE) which reveal a 3.8 percent growth of the Gross Domestic Product, compared to the same period last year, both for the unadjusted and for the seasonally adjusted series....more »
May 14, 2014 12:24
The leasing division of Garanti Romania has concluded a 5-year loan arrangement for a 7.5 million euro with the Black Sea Trade and Development Bank (BSTDB). Garanti Leasing will use the credit to support its lending operations in the SMEs (Small and Medium Enterprises) sector, is stated by a press release....more »
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