Financial
January 09, 2014 13:07
The positive evolution the export field recorded in 2013 reflects into a continuous decline in trade deficit which kept narrowing in November 2013, too, as per the latest report released by the National Institute of Statistics (INSSE). According to preliminary estimations of INSSE, the trade deficit dropped to about 389 million euro in November 2013, 9 percent lower compare with the same month in 2012. Also, there’s a 36 percent decrease in trade deficit considering the overall period analyzed – January 1, 2013 – November 30, 2013....more »
January 08, 2014 15:32
Romania’s Central Bank Board decided to cut down again the monetary policy rate during the first meeting of the year. Thus, starting January 9, 2014 the monetary rate will reach a new historic low – 3.75 percent per year....more »
January 02, 2014 13:04
Bucharest Municipal Court published on its website the decision of insolvency of Carrefour Romania based on a request of some of the retailer’s suppliers – GSL Loistic, a Bucharest-based distributor of diapers and accessories for children and adults....more »
December 19, 2013 13:57
Piraeus Bank group has completed the sale of its subsidiary, ATE Bank Romania, to Dorinel Umbrarescu upon eventually getting all the required approvals, a press release of the Greek bank informs....more »
December 13, 2013 15:22
Foreign direct investments (FDI) in Romania amounted to nearly 1.82 billion euro after ten months this year, dropping by 8.2% over the same period in 2012, according to a report released by the Central Bank. However, there’s an improvement give...more »
December 13, 2013 11:21
Romania’s central bank, BNR, is considering a diminution of the required reserve ratio in 2014 both for lei-denominated liabilities and for foreign currency liabilities, but according to Mugur Isarescu, Governor of BNR, there is nearly 2 billion of excess liquidity on the money market....more »
December 12, 2013 14:39
Proprietatea Fund (FP) sold the entire stake of the shares held in Transgaz for more than 68 million euro (303.5 million lei), according to the information available on the Bucharest Stock Exchange (BVB) website. Its stake is equivalent to almost 15% of Transgaz capital, whose major shareholder is the Ministry of Public Finance....more »
December 12, 2013 14:27
Oltchim’s judicial administrators, Rominsolv and BDO Business Restructuring  will proceed on February 3, 2014 with the selection of the commitment offer for the acquisition of all the shares Oltchim S.A. owns in Oltchim SPV....more »
December 12, 2013 11:10
After the euphoria of the first trading days of Romgaz shares, when all investors sought to secure their profits obtained from the significant discounts they benefitted from during the IPO subscription, the trading volume of Romgaz shares on Bucharest Stock Exchange (BVB) exceeded the volume of traded Green Depository Receipts (GDRs) on London Stock Exchange....more »
December 10, 2013 13:47
Exports level reaches record high in October 2013 when the FOB (Free On Board) exports amounted to 4.7 billion euro. According to the preliminary estimations of INS (the National Institute of Statistics), CIF (Cost, Insurance & Freight) imports reached about 5.35 billion euro during the evaluated period....more »
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