Economics
November 06, 2018 15:09
The Baylor Marea Neagră Foundation, represented by NNDKP, may continue to donate the medicines necessary for treating severe conditions after having won a court dispute against the Romanian fiscal authorities.  The Romanian fiscal bodies ref...more »
November 02, 2018 13:28
Bank, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania, for refinancing the existing facilities, extending the financing period, rearranging the related terms and conditions, and to raise the funding limit to a threshold of around 66 million euros. The additional credit limit of 10 million will be in the form of a facility in term and will be used by MedLife, together with other company's own cash, for possible new market opportunities. ...more »
October 30, 2018 16:41
CITR, the leader of the Romanian insolvency market, presented a summary of the company's 10-year activity, with some data on the market's evolution since the onset of the crisis. Romania recorded 16,499 new insolvencies in 2008, while the estimate for the end of this year is about 8,300, or half of the number registered ten years ago. At the same time, between 2016-2018, the number of companies entering insolvency annually became constant, between 8,300-8,600. In the same period, the number of impact companies (with assets exceeding € 1 million) that went into insolvency stabilized between 175-200....more »
October 29, 2018 10:44
The Romanian High Court of Cassation and Justice (HCCJ) suspended by final ruling the Central Tax Commission decision that qualifies, from a fiscal standpoint, the wind turbine tower as a building, thus taxing it as a regular building. Berechet R...more »
October 19, 2018 14:54
The National Bank of Romania adopted the Regulation amending the Regulation no. 17/2012 on lending conditions. According to the new provisions, the maximum level of indebtedness will be 40% of the net income on loans in lei a...more »
October 11, 2018 11:52
The Black Sea Trade and Development Bank (BSTDDB) and Garanti Bank Romania will provide USD 25 million loan to Alum, Tulcea - the sole alumina producer in Romania and one of the largest in Central and Eastern Europe, which is part of ALRO Group. BSTDB’s financing amounts to USD 20 million, while the remaining amount will be provided by Garanti Bank. The funding will be mainly used to continue the Company’s investments aimed at reducing its carbon footprint, which have begun a decade ago....more »
October 08, 2018 14:09
Factoring in deals whose disclosed total value equals EUR 809 million, the market more than doubled compared to the EUR 391 million during the second quarter. According to Deloitte estimates, the total market value, including deals whose value remains undisclosed, was between EUR 1.4 and 1.6 billion, up more than 15% compared to the third quarter of 2017....more »
September 27, 2018 12:41
The bond offer issued by Elefant Online SA, one of the largest online retailers in Romania, was successfully completed, being overwritten by 32 % from baseline. The company thus attracted 7.65 million lei. The "private placement" offer had an initi...more »
September 26, 2018 15:23
The most recent results of the FIC Business Sentiment Index (carried out in September 2018) brings some important insights on both workforce and fiscal related topics. Still there is a continued dichotomy between FIC members expecting higher revenues and business growth in the short-term but being concerned about the lack of infrastructure and stability of the regulatory framework. FIC maintains its position that, in due time, the lack of predictability and of investments will reduce the economy’s competitiveness and long-term growth potential....more »
September 25, 2018 15:59
DPD Romania, one of the largest express delivery and parcel delivery companies on the local market, has launched the DPD Collect service, an eco-friendly, fast and flexible solution for delivering and dispatching parcels following a investment of 1...more »
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