The representatives of the Romanian IT company Life is Hard officially opened the trading session of the Bucharest Stock Exchange (BVB), on Tuesday, December 8, 2015, marking the debut of the first software developer on the AeRO market. Life is Hard is the developer of the most important software platform for insurance brokerage and comes on AeRO with an anticipated market capitalization of almost RON 6.9mn (EUR 1.5mn). Via the 24Broker.ro application there were subscribed polices of EUR 160mn in 2014, which is a 30% market stake of all intermediations performed by insurance brokers....more »

President Klaus Iohannis promulgated the law concerning deposit guarantee schemes and the Bank Deposit Guarantee Fund, the Presidential Administration reports cited by Agrepress. The main novelties refer to recognizing two administration regimes for bank deposit guarantee schemes, regulating the law of protective institutional systems and contractual schemes concerning guarantees, (...) regulating the procedure of official recognition of privately-managed deposit guarantee schemes by the National Bank of Romania as the authority designated to supervise such deposit guarantee schemes; introducing the option of deposit guarantee schemes from various European Union member states merging together; imposing an explicit supervision regime on continual bases by the National Bank of the activities of the privately-managed deposit guarantee schemes officially recognised in Romania....more »

The 2016 state budget is drafted with a deficit of 2.95 pct, an economic growth of 4.1 pct of the GDP and a nominal gross domestic product of 746.6 billion lei announced Finance Minister Anca Paliu Dragu. Dragu said the estimation took into ...more »

The president of the National Energy Regulatory Authority, Niculae Havrilet announced that the price of electricity should decrease by 5 to 6 percent starting on 1 January, after the reduction of distribution tariffs and cogeneration bonus while gas will also become cheaper with effect from 1 July 2016. "Electricity tariffs will decrease from 1 January as distribution tariffs will contribute to the decline in the final price” said the head of ANRE. As regards the gas sector, Havrileţ showed that rates will be changed from July 1, 2016....more »

Following a campaign to track down undeclared income of wealthy Romanians, the National Agency for Fiscal Administration (ANAF) found almost 87 million lei that will be subject to taxation. The 336 individuals checked, each with an estimated wealth of over 20 million euro per person were unable to prove the legit source and taxed money. ...more »

Romania's budget for next year drafted by the former Ponta government is built on a deficit of 2.95 percent of GDP and 2.8 percent in cash, based on an economic growth of 4.1percent , fueled by mainly by consumption and investments, while GDP was estimated at 746.6 billion lei. The annual average inflation is forecast at 0.5 percent and the average rate at 4.44 lei / euro....more »

Bucharest, November 12th 2015- The second edition of the Courier Award Gala brought together  companies which are known both nationally and internationally and had, as its principal purpose, the recognition of merits for all those who made an impact in the field. The winners of the evening were: Fan Courier, Sameday Courier, Speedy, Mastercard, Total Technologies, Posta Romana, Ford, DHL International , DPD Romania. ...more »

The designated Romanian Premier, Dacian Ciolos, has recently declared that he would support PSD's proposal to raise salaries for state workers by 10 percent, if such an action would not, in any way, cause the budgetary deficit to go over the thre...more »

A number of Romanian companies that have used EU funds will soon have to return most or all of the money they utilized. ...more »

According to EUROSTAT, Romania has seen the greatest growth in terms of retail trade in September of 2015 compared to the same period of 2014......more »