Economics
October 04, 2017 14:23
Garanti Leasing, part of the financial group Garanti Romania, has signed a loan agreement of 10 million euros with the European Bank for Reconstruction and Development (EBRD), aiming to broaden access to finance for local micro, small- and medium-sized enterprises (MSMEs)....more »
October 03, 2017 09:23
The Bucharest Stock Exchange is still on the waiting list for receiving the emerging market status, as a result of the annual ranking by the London-based FTSE Russell financial assessment agency. Thus, although it had a sequence of listings - MedLife, Digi Communications and AAGES Targu Mures - the BVB remains a border market due to the reduced liquidity...more »
October 02, 2017 17:12
With over 150,000 people and a contribution to exports of 47% in 2016, the automotive industry is one of the main pillars of the Romanian economy, with a total turnover exceeding 20 billion euros....more »
October 02, 2017 17:02
Constanta is the first city in the world to work directly with the World Bank, usually this institution assisting countries. With a duration of 36 months and a value of 900,000 euros, the new agreement will increase the appetite for investment in this city, according to Mayor Decebal Făgădău....more »
October 02, 2017 15:52
ROFMA – The Romanian Facility Management Association – is organizing ROFMEX – Romanian Facility Management Experience Days on 9-11 November, at Romexpo Exhibition Center, Bucharest....more »
September 29, 2017 15:58
The North American company Air Canada will operate direct flights at Henri Coanda Airport in Bucharest starting 2018, connecting Romania to the main Canadian airports: Montreal and Toronto....more »
September 29, 2017 15:45
The number of construction authorizations issued for residential buildings increased by 6.2% in the first eight months of 2017 compared to the same period of the previous year, to 27,605.Most of the authorizations are in the North-East region (+683), according to the National Institute of Statistics (INS).
In the period mentioned, the growth of the number of construction authorization was reflected in the development regions: North-East (+683 permits), Bucharest-Ilfov (+680), Center (+292), South-East (+177) West Oltenia (+120) and West (28)....more »
September 28, 2017 17:09
PeliFilip assisted the International Investment Bank (IIB) regarding its first EUR 60,000,000 bond issue and its third issue of RON-denominated bonds worth RON 300,000,000 at Bucharest Stock Exchange (BVB), the law firm announced on Thursday.
The transaction represents a premiere for the Romanian stock market.
...more »
September 28, 2017 17:05
The Vice-President of the European Commission Maros Sefcovic, currently on an official visit to Romania, said, at the Aspen energy summit, that Romania is rich in natural resources and that it can develop rapidly in terms of renewable energies. Also, Sefcovic hopes that Romania will become energy exporter.
...more »
September 20, 2017 11:00
The Government announced the National Budget amendment and approx. EUR 140 mil. (RON 638 mil) were allocated for State Aid for financing investment projects, which is the maximum amount possible for 2017. In this context, the next phase should be that the Romanian authorities announce the opening of the window for applications very soon....more »
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