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Financial

Romanian IT company “Life is Hard” listed on BVB AeRO market

The representatives of the Romanian IT company Life is Hard officially opened the trading session of the Bucharest Stock Exchange (BVB), on Tuesday, December 8, 2015, marking the debut of the first software developer on the AeRO market. Life is Hard is the developer of the most important software platform for insurance brokerage and comes on AeRO with an anticipated market capitalization of almost RON 6.9mn (EUR 1.5mn). Via the 24Broker.ro application there were subscribed polices of EUR 160mn in 2014, which is a 30% market stake of all intermediations performed by insurance brokers.
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Financial

New regulations for bank deposit guarantees to be implemented

President Klaus Iohannis promulgated the law concerning deposit guarantee schemes and the Bank Deposit Guarantee Fund, the Presidential Administration reports cited by Agrepress. The main novelties refer to recognizing two administration regimes for bank deposit guarantee schemes, regulating the law of protective institutional systems and contractual schemes concerning guarantees, (...) regulating the procedure of official recognition of privately-managed deposit guarantee schemes by the National Bank of Romania as the authority designated to supervise such deposit guarantee schemes; introducing the option of deposit guarantee schemes from various European Union member states merging together; imposing an explicit supervision regime on continual bases by the National Bank of the activities of the privately-managed deposit guarantee schemes officially recognised in Romania.
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Financial

Several Romanian firms that used EU money might have to return it

A number of Romanian companies that have used EU funds will soon have to return most or all of the money they utilized. 
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Financial

Romania sees greatest retail sale growth out of all EU countries this September

According to EUROSTAT, Romania has seen the greatest growth in terms of retail trade in September of 2015 compared to the same period of 2014...
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Financial

Financing opportunities through state aid in Romania

During this particular period, when companies are in the middle of the budgeting process for the following year , the state aid event was a great opportunity to get an overview on this incentive and learn more about financing investments on non-reimbursable funds through the State Aid Schemes for 2014-2020 in Romania .

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Financial

MasterCard and O'Fresh's contactless cards promote new method of paying for vending goods

MasterCard has recently introduced the contactless card payment system for Vending Zone's O'Fresh vending machines and has subsequently seen much better results than originaly expected, as 30 percent of consumers opted for this method of paying.
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Financial

New changes to Romania's Fiscal Code

On the 27th of October 2015, the Romanian Government approved, changes which are to be applied to the New Fiscal Code, which will enter into force starting January 2016.
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Financial

It may be difficult for Romania to absorb EU funds

Marius Nica, Romanian Minister of European Funds declared recently(1) that the country's EU fund absorption rate was estimated at around 65 percent and that by the end of the year it would probably reach 70 percent.
  • COMPANY
  • GOVNET MEDIA COM SR
  • J40/296/2015
  • 33968659
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