Economics
September 08, 2014 13:19
Fitch Ratings has affirmed Romania’s long-term IDR (Issuer Default Rating) at ‘BBB-‘ and local currency IDR at ‘BBB’, the outlooks remaining stable, according to press release of the credit rating agency. At the same time, the issue ratings on senior secured foreign and local currency bonds have been affirmed at ‘BBB-‘ and ‘BBB’, respectively....more »
September 04, 2014 15:18
Prime Minister Victor Ponta announced that the tax on special constructions will be reduced from 1.5 percent to 1 percent of the estimated value of constructions, reads Mediafax. Also, revenues generated by the fiscal measure introduced this year will no longer go to the state budget but will remain at disposal of local authorities....more »
September 04, 2014 12:33
The newest shopping mall in Bucharest, Vulcan Value Center, was open to the public on September 4 after the inauguration ceremony was held a day before. The 25,000 sqm project was developed by the South African fund NEPI, one of the most dynamic real estate investor in Romania....more »
September 03, 2014 16:13
Romania conserves the fifth place in the Deloitte Central Europe Top 500 ranking with 42 companies, of which 11 are new entries, totaling combined turnover of 43 billion euro. Last year’s economic progress has made its mark on the local companies listed in Deloitte’s report both as concerns their number which rose from 35 in 2013 to 42 and in terms of revenues - 43 billion euro compared to 39 billion euro a year before. Petrom maintains its leading position amongst Romanian companies, followed by Automobile Dacia which has replaced Rompetrol Rafinare following a major growth in its revenues....more »
September 02, 2014 13:37
Raiffeisen
Leasing has provided new loans of about 48 million euro in the first half of
the year, reporting a progress by 36 percent compared to the same period of
2013. The company maintained the uptrend in terms of new leasing contracts,
reco...more »
September 02, 2014 12:08
The Do-It-Yourself retailer Praktiker resumes the expansion of its network under the new ownership and opens next week the first store in four years.
...more »
September 01, 2014 16:19
The state aid scheme aimed at supporting the large energy consumers by cutting down up to 85 percent of the green certificates (GCs) on the electricity bills could be approved by the EU Commission within the coming two weeks, Bogdan Chiritoiu, President of the Romanian Competition Council, told to Agerpres....more »
September 01, 2014 14:13
Vodafone Romania is extending the coverage of 4G roaming to 11 new states, namely Austria, Belgium, France, Germany, Norway, New Zeeland, South Korea, Switzerland, Taiwan, the Netherlands and the UK, which add up to the other four countries, Greece, Italy, Portugal and Spain, that have already received the coverage....more »
September 01, 2014 13:12
China National Electric Engineering Corporation (CNEEC) will run a project worth 271 million dollar for the refurbishment of Unit 4 at Deva thermal power plant, also developing the facilities for the operation of Units 3 and 4, reads Mediafax....more »
August 29, 2014 15:43
The property investment company today announced that it has entered into a binding agreement for the acquisition of the EOS Business Park in Bucharest in a transaction coming to 5.85 billion euro. The office building consists of nearly 3,400 leasable sqm and generates operating income of about 600,000 euro per year....more »
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