Financial
March 02, 2015 15:55
The Bucharest Stock Exchange (BVB) has implemented two new settlement cycles, thus trades can be settled through three such cycles starting with March 2, 2015....more »
March 02, 2015 12:26
Fitch Ratings has affirmed Romania's long-term IDR (Issuer Default Rating) at ‘BBB-‘ and local currency IDR at ‘BBB’, respectively, the outlooks remaining stable, indicates a release of the credit rating agency....more »
February 27, 2015 13:12
BCR has reported losses of 2.8 billion lei in 2014 on account of their decision to reduce the non-performing loans portfolio which doubled risk provisions to 4.4 billion lei, thus counterbalancing the 1.9 billion lei operating result....more »
February 26, 2015 16:22
Hidroelectrica will execute in early March the letter of guarantee worth 8 million euro issued by UniCredit Bank Austria on behalf of Andritz Hydro for the refurbishment of five hydropower plants, after having won a dispute against the Austrian company....more »
February 26, 2015 13:02
Banca Transilvania (BT) has appointed A.T. Kearney, a global management consulting firm, to arrange the integration process of Volksbank Romania, the bank announced....more »
February 25, 2015 13:03
Courier company Sameday (Delivery Solutions) and venture capital/private equity fund Carpathia Capital open up road to the new AeRO market, the alternative trading system created by the Bucharest Stock Exchange (BVB) for early-stage companies, start-ups and SMEs, launched under a redesigned and reconstructed concept on February 25, 2015....more »
February 24, 2015 16:31
The decline recorded last year in terms of new loans has continued over January 2015, shows the latest report provided by the National Bank of Romania (BNR) which indicates a 0.3 percent decrease in non-governmental loans compared to December 2014 and a 3.8 percent drop compared to the same month in 2014....more »
February 23, 2015 15:12
Hidroelectrica has achieved gross profits of 140 million lei in January 2015, twice as much as a year ago. The improvement is due to the increasing volume of energy production, corroborated by lower operating costs, explains the hydropower energy producer....more »
February 20, 2015 16:31
The Government has released recently the new draft Tax Code which comprises several ultra-liberal measures, such as a diminution of the VAT, a reduced flat tax, the elimination of the tax on special construction, or lower social security contributions for both employers and employees, which would generate a gross budgetary deficit of over 16 billion lei....more »
February 20, 2015 11:35
Romania's main gas producer, Romgaz, has announced a preliminary net profit of 1.4 billion lei, up by 44 percent year-on-year, whilst its estimated revenues increased to 4.5 billion lei from 3.9 billion lei in 2013....more »
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