Economics
March 04, 2015 12:40
The entire Board of Directors of TAROM has resigned, Gabriel Dumitrascu, Chairman of the company's Board, told HotNews.ro. Their decision came after approving the 2015 budget, Dumitrascu, also resigning, explained....more »
March 03, 2015 17:13
Romanian cosmetic manufacturer Farmec has invested more than 10 million lei over the past year in modernization work, enhancing its products portfolio.  Accordingly, the company headquartered in Cluj-Napoca grew its sales, leading to a tu...more »
March 03, 2015 16:23
Although declining as compared to December 2014, retail turnover grew by 6.3 percent year-on-year, as gross series, and by 6.8 percent as seasonally adjusted series, according to a report of the National Institute of Statistics (INSSE) which d...more »
March 03, 2015 12:23
The five preliminary offers submitted during the pre-qualification stage for the 1-billion euro hydropower project located in Tarnita-Lapustesti belong to Chinese investors. ...more »
March 02, 2015 17:00
Romania has submitted 14 projects valued at almost 1.2 billion euro for accessing European funds under the “Connecting Europe Facility” programme, announced the Romanian Ministry of European Funds....more »
March 02, 2015 15:55
The Bucharest Stock Exchange (BVB) has implemented two new settlement cycles, thus trades can be settled through three such cycles starting with March 2, 2015....more »
March 02, 2015 12:26
Fitch Ratings has affirmed Romania's long-term IDR (Issuer Default Rating) at ‘BBB-‘ and local currency IDR at ‘BBB’, respectively, the outlooks remaining stable, indicates a release of the credit rating agency....more »
February 27, 2015 15:47
Romania's retail market was characterized by an accelerated expansion last year when recorded investments of hundreds of millions euro as a result of transactions between major players in this business and of store network development, as well ...more »
February 27, 2015 14:28
The EU Commission opened the Macroeconomic Imbalance Procedure for Romania which joins other 15 countries under the EU's surveillence. ...more »
February 27, 2015 13:12
BCR has reported losses of 2.8 billion lei in 2014 on account of their decision to reduce the non-performing loans portfolio which doubled risk provisions to 4.4 billion lei, thus counterbalancing the 1.9 billion lei operating result....more »
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