Economics
Foreign capital companies registered in Romania up by 8.5 percent in January-May 2017
June 19, 2017 15:34
The number of the foreign participation companies registered in Romania January through May is up 8.5 percent, as compared to the similar period of 2016, to 2,406 units, read the data released by the National Trade Register Office (ONRC). The new registered companies have a share capital worth over USD 16.7 million, up 8.7 percent against the January-May 2016 reference period....more »
Atterbury Group buys 50 percent of real estate developer Iulius Group
June 19, 2017 09:55
Investment fund Atterbury Europe acquired 50% of the shares of Iulius Group, one of the largest Romanian real estate developers focusing on shopping centers and office buildings. The transaction between Atterbury Romania and Iulius Group will comprise the operation of Iulius Mall Iasi, Iulius Mall Cluj, Iulius Mall Suceava, Iulius Mall Timisoara, the mixed – use urban regeneration project Openville Timisoara, as well as future development of similar projects in Romania....more »
Romania will steadily increase it's natural gas production over next three years
June 12, 2017 17:19
Romania's natural gas production will increase steadily in the next three years, up to 9 million tons of oil equivalent (toe) in 2020, while imports will steadily decrease, to 700,000 toe also in 2020, shows the prognosis of the energy mix published recently by the National Prognosis Commission quoted by Agepress.  Thus, gas production will go up from 7.48 million toe in 2016 to 7.8 million toe in 2017 (+4.2 pct) to 8.2 million toe in 2018 (+5.1 pct), 8.6 million toe in 2019 (+4.9 pct), and 9 million toe until 2020 (+4.7 pct)....more »
Central Bank Governor: Never in 27 years have I witnessed a greater yet riskier macroeconomic situation
May 23, 2017 11:20
Governor of the National Bank of Romania Mugur Isarescu stated that he has never witnessed in 27 years a better macroeconomic situation in Romania, but at the same time a riskier one, at the "Financial Market Forum" organised by the Romanian Banking Association....more »
Mandatory private pension funds' assets worth 34.75 billion lei
May 23, 2017 11:19
The mandatory private pension funds (Pillar II) had assets worth approximately 34.75 billion lei on April 30, 2017, up 32.15 pct year-over-year, according to the data relesed by the Financial Supervision Authority (ASF). The state securities hold the largest share in the assets, of 21.92 billion lei, respectively 63.09 pct. Shares rank second, with 6.95 billion lei (20.02 pct). Bank deposits rank third in this respect, with 2.56 billion lei and 7.38 pct of the total assets respectively....more »
Romania's economy advances 5.7pct in Q1 2017
May 17, 2017 15:12
Romania's Q1 2017 Gross Domestic Product (GDP) advanced 5.7 percent in unadjusted terms and 5.6 percent in terms adjusted for seasonality, both against the same quarter of 2016, according to flash estimates released by the National Institute of Statistics (INS). The Q1 2017 GDP was 1.7 percent higher in real terms than the Q4 2016 GDP.  INS says the seasonally adjusted series of quarterly Gross Domestic Product was readjusted as a result of the introduction of the estimates for Q1 2017, the revision being insignificant as compared to the version published on April 7, 2017....more »
Romanian farmers submit 884,397 funding applications for 9.541 million hectares
May 17, 2017 15:11
The Agency for Agricultural Payments and Intervention (APIA) has concluded the campaign for the submission of single payment applications, with the area included in the applications by the applicants covering 9,541,389.45 hectares, 214,524.58 m...more »
Traffic increases at Bucharest airports put them among Europe's top five Q1 2017 highest rising
May 15, 2017 17:35
Bucharest City's two airports - Henri Coanda and Aurel Vlaicu - have joined the top five Q1 2017 highest rising airports in terms of passenger traffic increases, according to news from the Airports Council International Europe cited by the Bucharest National Airport Corporation (CNAB) in a press statement. In the group of airports welcoming between 5 and 10 million passengers per year Henri Coanda (OTP) was third, with a 21.5-percent increase, after Reykjavik-Keflavik (Iceland) and Kiev. Bucharest Baneasa (BBU) was first in terms of growth in the group of airports welcoming less than 5 million passengers per year. It was followed by Foggia (Italy), Nis (Serbia), Zadar (Croatia) and Oradea, according to ACI Europe....more »
Banca Comerciala Romana posts Q1 of 2017 net profit of 196.3 million lei
May 09, 2017 16:01
Banca Comerciala Romana posted a net profit of 196.3 million lei (43.4 million euro) in the first quarter of 2017, the bank's representatives announced.  The operating result was 338.0 million lei (74.7 million euro), 2.3 percent higher than the 330.6 lei (74.7 million euro) in the previous year, as an effect of lower operating revenues (under the impact of the settlement of the portfolio of underperforming loans and of lower interest rates) coupled with lower costs.  ...more »
Peli Filip assists Digi Communications for listing RCS & RDS on the Bucharest Stock Exchange
April 28, 2017 11:08
PeliFilip has provided legal advice to Digi Communications N.V. ("DIGI"), the majority shareholder of RCS & RDS SA, regarding the public offering of up to 21,744,108 shares at a bid price expected to be between RON 38 and RON 56 per share and the admission of the shares offered for trading on the Regulated Market at the Bucharest Stock Exchange, International Category. ...more »
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