Economics
March 14, 2017 11:17
The industry turnover increased by 9.1 pct, in nominal terms, in January as compared to the same month of the previous year, but decreased by 5.6 pct compared with December 2016, reads a press release of the National Statistics Institute (INS) and quoted by Agepress. "The industry turnover fell by 5.6 pct in January 2017 compared to the previous month, following the drops in the manufacturing industry (-5.7 pct) and the mining industry (-3.3 pct). The following decreases were recorded in the large industrial groups: the consumer goods industry (-16.0 pct), the energy industry (-14.1 pct), the intermediary goods industry (-3.5 pct) and the durable goods industry (-1.6 pct). The capital goods industry has grown by 1.1 pct, reads the document....more »
March 09, 2017 14:55
Romanians in 2016 built 52,206 housing units, up 5,222 from 2015, most of which were recorded in the North-West development region, according to data released by the National Statistics Institute (INS). Compared with 2015, the highest percentage of the new housing units in 2016 was recorded in the urban areas (53.4 percent) while new such units in the countryside declined 46.6 percent. ...more »
March 09, 2017 14:53
Net investment carried out last year in Romania's national economy stood at 70.281 billion lei, declining 3.3 percent from 2015, according to data released on Wednesday by the National Institute of Statistics (INS). In Q4 2016, net investment in the national economy totalled 23.804 billion lei, by 14.9 percent lower than in the same quarter of 2015....more »
March 08, 2017 14:54
The internet service penetration rate in Romania stands at 89 percent and connectivity around 60 percent, the National Authority for Administration and Regulation in Communications - ANCOM President Catalin Marinescu told a specialist conference oquoted by Agerpress....more »
March 06, 2017 14:07
More than 14,000 physicians and 28,000 medical nurses have left Romania in 2009-2015, many of whom ending by working in different fields, said Viorel Husanu, president of the SANITAS Bucharest trade union, in an interview with Agerpress. In his opinion, the main problems the medical system is confronted with start with the excessive politicising. It came to even hire a section's head or a head nurse on political terms. Once the government is changed, they are sacked too. Then comes the underfunding, adds Husanu. ...more »
March 01, 2017 14:20
Romanian M&A reached an eight-year high in deal volume with 45 deals, a spike of 41% year- on-year in volume, and a 60% jump in value with a combined deal value of €1.99bn shows a study released by Wolf Theiss and Merger Market.
The strong performance in 2016 came in spite of the political uncertainty generated by a parliamentary election in December, an indicator of the country’s growth potential, whichever party is in power. In fact, expansionist scal policy has played a central role in accelerating domestic demand, a key growth driver. A value-added tax cut from 24% to 20% in 2016 will be followed by a reduction to 19% in 2017, while there have been three increases in the minimum wage in 18 months....more »
March 01, 2017 14:14
With closed transactions of 3.5 billion EUR during 2015 and 2016, Romania has been the champion of the Central European region at non-performing loan (NPL) sales portfolios, according to Deloitte’s annual NPL Study.
The CEE region has experienced an increased interest of NPL investors and a higher bank activity due to improvement of economic conditions, coupled with an increase in provisioning following the AQR exercises in several of the CEE countries. The largest number of completed deal volumes took place in Romania (37%), followed by Hungary (24%), Poland (11%) and Slovenia (9%)....more »
February 22, 2017 11:44
Globalworth Real Estate Investments Limited, the real estate investment company targeting opportunities in the broader SEE and CEE regions with a focus on Romania, announces that it has signed the acquisition of a warehouse facility 100% leased to Dacia, Romania's largest corporate, on a long term basis.
The facility is located 100km west of Bucharest near the Bucharest - Pitesti highway, one of Romania's principal warehouse and industrial corridors and is 28km away from Dacia's main plant in Mioveni, Arges County....more »
February 21, 2017 13:07
Recolamp, a non-profit organization founded by General Electric, Osram and Philips Romania in 2007, collected and recycled 658 tons of lighting equipment waste in 2016.
Last year, the association represented 187 Romanian producers of whom it took over the legal responsibility on the management of waste from electrical and electronic equipment put on the market - Category 5 - lighting equipment, according to the classification of GEO 5/2015. Thus, on behalf of its participants, Recolamp managed to fulfill legal the collection target of 40% of the average producers' sales in the last 3 years....more »
February 21, 2017 12:37
Despite popular fears which range from job losses to doomsday scenarios, finance professionals welcome the rise of artificial intelligence, automation and robots, according to the latest survey by the Chartered Institute of Management Accountants (CIMA). ...more »
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