Economics
January 09, 2014 15:17
The European Investment Fund (EIF) has signed four new JEREMIE agreements in Romania with Banca Transilvania, BRD – Groupe Societe Generale, ProCredit Bank and Raiffeisen Bank. Based on this arrangements, other 120 million euro will be available to SMEs under the new Portfolio Risk Sharing Loan instrument, thus SMEs benefitting from much lower interest rates as well as reduced collateral requirements for new loans destined to investments or working capital....more »
January 09, 2014 13:07
The positive evolution the export field recorded in 2013 reflects into a continuous decline in trade deficit which kept narrowing in November 2013, too, as per the latest report released by the National Institute of Statistics (INSSE). According to preliminary estimations of INSSE, the trade deficit dropped to about 389 million euro in November 2013, 9 percent lower compare with the same month in 2012. Also, there’s a 36 percent decrease in trade deficit considering the overall period analyzed – January 1, 2013 – November 30, 2013....more »
January 08, 2014 15:32
Romania’s Central Bank Board decided to cut down again the monetary policy rate during the first meeting of the year. Thus, starting January 9, 2014 the monetary rate will reach a new historic low – 3.75 percent per year....more »
January 07, 2014 16:44
US technologies manufacturer Honeywell has reached a definitive agreement with Federal-Mogul Corporation in order to sell its Friction Material Division. The transaction worth about $155 million should be completed in the second half of this year, according to a press release sent to Govnet....more »
January 06, 2014 11:26
The Romanian subsidiary of the Russian oil group Lukoil received from ANRE, the National Regulatory Authority for Energy, the construction permit for a solar park at the Petrotel-Lukoil oil refinery in Ploiesti....more »
January 02, 2014 13:04
Bucharest Municipal Court published on its website the decision of insolvency of Carrefour Romania based on a request of some of the retailer’s suppliers – GSL Loistic, a Bucharest-based distributor of diapers and accessories for children and adults....more »
December 20, 2013 14:17
Swan Office & Technology Park office building has been put up for sale by its official receiver for a starting price of 42,7 million euro, according to Mediafax. The office complex located in Pipera-Tunari was developed by Swan Property which is controlled by investment fund Chayton Capital, insolvent since January 2013...more »
December 20, 2013 11:52
Almost 24 years after construction started, Hidroelectrica inaugurated yesterday the Racovita Hydroelectric Power Plant, although, it will be effectively operational as from the beginning of the next year, upon a testing period. It is the 27th power plant already inaugurated out of 30 other power production facilities included in the project concerning the hydro-energetic development on the Olt river....more »
December 19, 2013 13:57
Piraeus Bank group has completed the sale of its subsidiary, ATE Bank Romania, to Dorinel Umbrarescu upon eventually getting all the required approvals, a press release of the Greek bank informs....more »
December 18, 2013 15:36
The asset-quality in Romania’s banking sector will continue deteriorating in 2014, according to a Fitch Rating analysis which also indicates that it will determine additional impairment provisions which will put pressure on regulatory capital. Banks are likely to remain weak in terms of profitability next year, as the operating environment will remain difficult and the economic recovery, fragile, yet it should slightly increase over 2013, as non-performing loans (NPL) start to stagnate....more »
Previous
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
Next
