Economics
June 19, 2014 12:17
E-commerce has been rapidly advancing in recent years, the trend being preserved in 2014, too, when the accelerated growth rate has been maintained, according to online payment processor PayU. The data processed within the first five months of the year shows a 30 percent increase in terms of transactions with Romanian e-tailers followed by online payment. Also, based on its estimations, there are about 70 online orders being placed every minute, totaling some 10,800 lei (nearly 2,500 euro)....more »
June 18, 2014 16:17
Following approval of the World Bank's Board of Executive Directors earlier this year, Ioana-Maria Petrescu, the Minister of Public Finance, Liviu Voinea, the Minister Delegate for Budget and Elisabetta Capannelli, Country Manager at the World Bank’s Romanian Office concluded the agreement for two loans coming to 1 billion euro to be provided by the International Bank for Reconstruction and Development (IBRD). The amount is divided into a 750 million euro Development Policy Loan (DPL) and a 250 million euro financing destined to support the health sector reform project....more »
June 18, 2014 09:33
About half of the employees of Orange Romania will move to the new office park developed by Skanska in northern Bucharest, the Floreasca area, where rented 13,700 sqm, announces the Swedish construction group....more »
June 17, 2014 15:29
Apa CTTA Alba, the company controlling wastewater treatment operations in the Alba County, secures the internal electricity consumption in the new wastewater treatment station in Alba Iulia by integrating a cogeneration plant in the project scheduled for completion in March 2015....more »
June 17, 2014 14:17
Fondul Proprietatea announced the agreement to sell an agreggate of 19,243,000 existing shares in Romgaz, company with a market cap of some 13.7 billion lei. The transaction follows an accelerated bookbuild offering of a 4.99 percent stake announced yesterday by the fund.
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June 16, 2014 15:31
The International Finance Corporation, part of the World Bank Group, is lending 35 million euro to Garanti Bank, amount which will be allocated to finance small and medium-sized enterprises in Romania. Of the total amount, the bank announced that 20 million euro is destined to support enterprises in this categories run by female entrepreneurs....more »
June 16, 2014 13:27
Philips Healthcare has a new general manager as of today, Alexandru Popescu being appointed at the helm of the south-eastern operations of the world’s leading group in healthcare....more »
June 16, 2014 10:32
Electrica launched the IPO for 51 percent of its share capital, the largest initial public offering ever on the Bucharest Stock Exchange which is being run between June 16 and June 25, 2014....more »
June 13, 2014 14:33
The expected decrease by 5 percent of the social insurance contribution (CAS) will be eventually effective starting October 1, five months later than the initial target, Victor Ponta yesterday announced, also mentioning that the IMF and the EU Commission have not agreed with this fiscal measure....more »
June 13, 2014 10:45
The global healthcare company GlaxoSmithKline will be closing the production facility in Brasov on not succeeding its sale as expected, so its operations will be transferred to Poland and Spain by the end of 2015 when the production is foreseen to be fully stopped. The decision affecting 236 employees who will lose their jobs has been taken after ten months since GSK announced that the Europharm plant will be left outside its global production network of solid oral products....more »
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