Economics
February 12, 2014 12:45
BRD still continues the decline in terms of overall financial results, reporting loss for the second year in a row. While the bank ended 2012 with some 332 million lei loss, last year figures indicate even higher loss of 385 million lei....more »
February 11, 2014 13:40
The Bucharest Stock Exchange (BVB) recorded last year an advance of 40 percent in its turnover, compared with 2012, which came to about 5.4 million euro (24.3 million lei). Additionally, the net profit rose to approximately 2.23 million euro (10 million lei), a growth of 10.9 percent over the previous year. ...more »
February 10, 2014 15:46
Harnessing hydropower energy is the best alternative for the development of Romania’s energy sector. An alternative which has been neglected, since no new major projects have been carried out over the past years, as investments have been restricted to the completion of some old projects, such as Racovita Hydroelectric Power Plant whose construction works started 24 years ago. ...more »
February 07, 2014 09:56
The Association of Generic Medicines Producers from Romania together with the Romanian Association of International Medicines Producers demand the regulatory authorities an urgent review on how the increasing deficit of the health system is financed....more »
February 06, 2014 16:02
Last year, the South African investment group managed to significantly extend its real estate portfolio in Romania where is one of the most dynamic developers. NEPI completed the acquisition and development of several properties in both retail and office real estate sectors....more »
February 05, 2014 16:31
Nokia Corporation sold all its shares in Nokia Romania to Nokia Finland Oy, a transaction worth nearly 19 million euro, part of the process of preparing the mobile phone division for the transfer towards Microsoft approved last November, Mediafax informs....more »
February 05, 2014 11:54
Moody’s Investors Services has an improved outlook on Romania’s national power grid company rating, changing it to Ba2 stable from Ba2 negative. According to Transelectrica, the criteria on the basis of which the bond credit rating company made the review concerned the diversification of funding sources, the better liquidity ratio, as well as the financial progress recorded last year....more »
February 04, 2014 16:15
The deregulation process of the gas market for industrial consumers will be carried out by July, 2014, earlier than initially established, according to Andrea Schaechter, Head of the IMF Mission in Bucharest, Agerpress informs....more »
February 04, 2014 15:15
Romania’s Central Bank Board
lowered again the monetary policy rate to 3.5 percent, after a similar decision
taken during the first meeting of the year when it was reduced to 3.75 percent.
According to a BNR notification, the new rate will be ...more »
February 04, 2014 13:14
The International Monetary Fund expects a 2.2 percent economic growth for Romania in 2014, below the level reached last year, 2.8 percent, the highest since the beginning of economic crisis. The estimation has been communicated by Andrea Schaechter, Head of the IMF Mission whose visit in Bucharest ends these days...more »
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