Economics
January 08, 2015 12:41
The retail turnover volume recorded a growth rate above 7 percent in the first eleven months of the past year stimulated by rising sales of non-food products, food, beverages and tobacco, indicates a report of the National Institute of Statistic...more »
January 07, 2015 16:41
Romania has committed to use all the CHF181 million (150 million euros) non-reimbursable funds granted by Switzerland for helping our country to develop, amount which will be allocated to more than 250 projects already approved, announces the Ministry of Finance....more »
January 07, 2015 14:08
Romania’s central bank, BNR, lowered again the monetary policy rate to 2.5 percent, a new historic low, which will be effective starting with January 8, 2014, announces a press release of the bank....more »
January 07, 2015 12:16
The new Minister of Economy, Mihai Tudose, met with representatives of the judicial administrators of Oltchim, RomInsolv and BDO Business Restructuring who presented the timetable for reorganizing the insolvent chemical plant and which fixes March 7, 2015 as the deadline for approving the reorganization plan....more »
January 06, 2015 17:16
Over 50 milk factories, about one third of the production facilities on the Romanian market, were closed last year due to lower domestic demand and rising production costs according to Dorin Cojocaru, president of APRIL, Romania’s Dairy Industry Association, who talked to Mediafax....more »
January 06, 2015 16:13
Industrial production prices continued the decline in November 2014 with a drop by 0.1 percent compared to the previous month, price decreases being recorded both for the local market (-0.2 percent) and for the non-domestic market (-0.1 percent)....more »
January 06, 2015 15:33
The value of domestic real estate deals boosted last year when the transactions including office, retail or industrial properties came to about 1.1 billion euro, an advance by 220 percent compared to 2013 when the reported value was 351 million euro, according to CBRE, reads Mediafax....more »
January 05, 2015 16:21
The National Bank of Romania’s foreign exchange reserves increased at the end of 2014 to 32.216 billion euro from 31.467 billion euro in November, while in 2013 they came to 32.525 billion euro....more »
January 05, 2015 15:07
The euro dropped to its lowest level since 2006 on rumors that the European Central Bank will launch a bond-buying programme, the uncertain outcome as regards Greece’s possible exit from the Euro zone also affecting the euro’s index, reads Reuters....more »
January 05, 2015 12:43
The EU structural and cohesion funds’ absorption rate rose to nearly 52 percent (51.81%) in 2014, according to the statistics released by the Ministry of European Funds which indicate an absorption rate 3.5 times higher than at the end of 2012....more »
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