Economics
May 23, 2018 12:09
Ford has announced that it will produce a second model in the Craiova auto plant, which means new investments of 200 million Euros, as well as the creation of 1,500 new jobs. The new model will be added to the production of the current generation of the Ford EcoSport small-class SUV.
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May 18, 2018 14:36
Globalworth Real Estate Investment Limited, one of the leading real estate investment companies in Central and Eastern Europe, in partnership with BT Capital Partners, the financial group of Banca Transilvania, announces the second admission to tradi...more »
May 15, 2018 12:48
Romanian firm Rottco Consult, one of the top 10 players in the Romanian fuel distribution market, has initiated the procedures for starting insolvency proceedings. The measure was taken as a result of a complex market situation with a significant negative impact on ensuring the flow of working capital, such as: non-payment and / or delays in payment of debts from debtors plus debtors who entered the procedure insolvency / bankruptcy; delays in prolonging committed credit lines; early repayment of loans, as requested by bank creditors; unilaterally reducing payment times from some suppliers; suspension after the submission of the bidding offer of the acquisition of the majority stake of the company by an investor....more »
May 15, 2018 12:41
Medicover one of Romania's leading providers of medical and diagnostic services, signed an agreement to acquire the majority stake in Pelican Hospital, the leading provider of health services in Oradea. Medicover thus becomes the major private health...more »
May 07, 2018 15:40
Investments in the Black Sea oil and gas sector will generate revenues of over 26 billion USD to the state budget by 2040, representing an additional 40 billion USD to the country’s GDP. Moreover, the impact on the labor market translates into creating and annually maintaining an average of over 30,000 jobs. These conclusions are based on an independent Deloitte Central Europe report entitled "The contribution of Black Sea oil and gas projects to the development of the Romanian economy", which was performed at the request of the Romanian Black Sea Titleholders Association (RBSTA)....more »
May 07, 2018 15:24
Financial Group Banca Transilvania and Autonom Services announced the conclusion of the sale-purchase agreement for 100% of BT Operational Leasing (BTOL) shares. Following this agreement, Autonom reaches 500 employees, around 5,000 corporate client...more »
May 02, 2018 18:28
The scale of bribery and corruption has shown no improvement globally since 2012, despite the unprecedented level of enforcement activity and introduction of new corporate criminal liability laws in that time. This is according to the15th EY Global Fraud Survey, which surveyed 2,550 professionals across 55 countries....more »
April 24, 2018 16:42
Garanti Bank granted a RON 9.3 million investment loan and working capital facility to Anima, part of Medlife Group, for the development of its network of clinics....more »
April 17, 2018 15:43
On the background of a falling unemployment and highest GDP growth in Central and Eastern Europe, Romanian CFOs enjoy an overall positive business climate yet they focus more on consolidation rather than on expansion of their businesses, according to the ninth edition of the Deloitte CFO Survey collecting the input of some of the largest players in the Romanian economy.
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April 16, 2018 15:24
The National Statistics Institute (INS) reported in a press statement that the Gross Domestic Product estimated for Q4 2017 amounted to 258887.4 million lei current prices, up in real terms by 6.7 percent as against Q4 2016....more »
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