Economics
New NBR rules on debt leverage for consumer and mortgage loans
The National Bank of Romania adopted the Regulation amending the Regulation no. 17/2012 on lending conditions. According to the new provisions, the maximum level of indebtedness will be 40% of the net income on loans in lei a more »
BSTDB and Garanti Bank finance ALUM’ environmental program with USD 25 million
The Black Sea Trade and Development Bank (BSTDDB) and Garanti Bank Romania will provide USD 25 million loan to Alum, Tulcea - the sole alumina producer in Romania and one of the largest in Central and Eastern Europe, which is part of ALRO Group. BSTDB’s financing amounts to USD 20 million, while the remaining amount will be provided by Garanti Bank. The funding will be mainly used to continue the Company’s investments aimed at reducing its carbon footprint, which have begun a decade ago. more »
October 08, 2018 14:09
Factoring in deals whose disclosed total value equals EUR 809 million, the market more than doubled compared to the EUR 391 million during the second quarter. According to Deloitte estimates, the total market value, including deals whose value remains undisclosed, was between EUR 1.4 and 1.6 billion, up more than 15% compared to the third quarter of 2017....more »
September 27, 2018 12:41
The bond offer issued by Elefant Online SA, one of the largest online retailers in Romania, was successfully completed, being overwritten by 32 % from baseline. The company thus attracted 7.65 million lei. The "private placement" offer had an initi...more »
September 26, 2018 15:23
The most recent results of the FIC Business Sentiment Index (carried out in September 2018) brings some important insights on both workforce and fiscal related topics. Still there is a continued dichotomy between FIC members expecting higher revenues and business growth in the short-term but being concerned about the lack of infrastructure and stability of the regulatory framework. FIC maintains its position that, in due time, the lack of predictability and of investments will reduce the economy’s competitiveness and long-term growth potential....more »
September 25, 2018 15:59
DPD Romania, one of the largest express delivery and parcel delivery companies on the local market, has launched the DPD Collect service, an eco-friendly, fast and flexible solution for delivering and dispatching parcels following a investment of 1...more »
September 10, 2018 10:10
The trade deficit increased by 11.2% (766.5 million euros) in the first seven months of this year compared to the same period last year, reaching 7.577 billion euros, National Institute of Statistics (INS) announced....more »
August 29, 2018 12:31
The Ministry of Public Finance announced that starting Monday, September 10, 2018, investors can apply for funding through State Aid schemes, aimed to stimulate investments with a major impact on the economy. The applications for financing agreement, together with the supporting documents, shall be sent to the General Register of the Ministry of Public Finance, mentioning on the envelope: "The implementation unit of the state aid scheme established by H.G. no. 807/2014 "....more »
August 29, 2018 12:15
President Klaus Iohannis urges the Government to urgently adopt all measures to stop the increase in the number of outbreaks of African swine fever and to compensate the affected producers as quickly as possible....more »
August 23, 2018 15:10
According to DPD Romania, one of the largest courier and express delivery companies on the local market, Romanians sent over 48% more parcels abroad in the first 7 months of the year, compared to the same period of last year. Most of the parcels shipped from Romania abroad were delivered to Bulgaria, Hungary, Germany, Italy and the United Kingdom, accounting for about 91% of all parcels dispatched abroad. As regards the volume of parcels received by Romanians from abroad, their weight increased by 24%. Most of these come from Bulgaria, the Netherlands, Germany, the UK and Poland, which generated over 80% of total imports in the first 7 months of the year....more »
Govnet Next Events