Financial
March 13, 2015 14:57
Romania’s exports increased by 6.4 percent year-on-year in January 2015, while imports had a lower growth rate of 4.1 percent, leading to a trade deficit of 176.4 million euro, 76.2 million euro smaller compared to the previous year, announc...more »
March 10, 2015 16:39
Retailers accommodated by AFI Palace Cotroceni, except for Auchan hypermarket, obtained in 2014 higher sales revenues, up by 5 percent versus the previous year, although the number of visitors remained stable....more »
March 10, 2015 10:20
Romanian International Bank received in February 2015 inflows of 14 million lei (about 3 million euro) from its major shareholder, Getin Holding. At the same time, the bank's funds have been consolidated through a subordinated loan of 1.8 milli...more »
March 04, 2015 16:20
Romania has been reimbursed by the EU Commission funds exceeding 460 million euro since the beginning of the year, amount corresponding to the payment applications submitted in 2014, announced the Ministry of European Funds....more »
March 03, 2015 16:23
Although declining as compared to December 2014, retail turnover grew by 6.3 percent year-on-year, as gross series, and by 6.8 percent as seasonally adjusted series, according to a report of the National Institute of Statistics (INSSE) which d...more »
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 »
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