Economics

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 »

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 »

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 »

The trade deficit increased by 11.2% (766.5 million euros) in the first seven months of this year compared to the same period last year, reaching 7.577 billion euros, National Institute of Statistics (INS) announced....more »

The Ministry of Public Finance announced that starting Monday, September 10, 2018, investors can apply for funding through State Aid schemes, aimed to stimulate investments with a major impact on the economy.
The applications for financing agreement, together with the supporting documents, shall be sent to the General Register of the Ministry of Public Finance, mentioning on the envelope: "The implementation unit of the state aid scheme established by H.G. no. 807/2014 "....more »

President Klaus Iohannis urges the Government to urgently adopt all measures to stop the increase in the number of outbreaks of African swine fever and to compensate the affected producers as quickly as possible....more »

According to DPD Romania, one of the largest courier and express delivery companies on the local market, Romanians sent over 48% more parcels abroad in the first 7 months of the year, compared to the same period of last year.
Most of the parcels shipped from Romania abroad were delivered to Bulgaria, Hungary, Germany, Italy and the United Kingdom, accounting for about 91% of all parcels dispatched abroad. As regards the volume of parcels received by Romanians from abroad, their weight increased by 24%. Most of these come from Bulgaria, the Netherlands, Germany, the UK and Poland, which generated over 80% of total imports in the first 7 months of the year....more »

Globalworth, the most important investor in Central and Eastern Europe, has received a 46 million euro loan from the Romanian Commercial Bank (BCR), which will be invested in developing the Renault Bucharest Connected office project....more »

The law firm Popovici, Niţu, Stoica & Asociaţii assisted the buyer, namely Dedeman in taking over The Bridge project for an estimated transaction value of 200 million euros. The team of lawyers was led by Valentin Creata and Ioana Sampek, bot...more »

Gregory's, the largest network of coffee & Greek delis from Greece, announces its entry into the Romanian market with the opening of a unit in the northern area of Bucharest. The unit, operational from the beginning of July, offers its customers a wide variety οf coffee and food selections.
...more »
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