Economics
January 16, 2015 14:40
Bucharest-based Raiffeisen Leasing, the subsidiary of Austria’s Raiffeisen Bank International has been provided a 132 million lei (about 30 million euro) loan by the European Bank for Reconstruction and Development, funds which will be on-lent to micro, small and medium-sized enterprises (MSMEs) to finance leases of equipment, trucks, trailers and commercial vehicles, according to a press release of the financial institution....more »
January 14, 2015 16:35
Industrial production in Romania went up between January and November 2014 over the same period last year, increasing both as gross series, by 6.3 percent, and as series adjusted by number of working days and seasonality, by 7.5 percent, announces the National Institute of Statistics (INSSE)....more »
January 14, 2015 15:20
The World Bank has revised its initial estimation on Romania’s economic progress, anticipating and advance by 2.9 percent of the Gross Domestic Product this year, according to the Global Economic Prospects report published on January 14, 2015. In June 2014, the financial institution forecasted a higher growth, of 3.2 percent, however, the growth rate recorded over the past year, which was below initial expectations, determined a revision of the forecast....more »
January 14, 2015 12:28
The law no. 11/2015 enforcing the emergency ordinance that provides the reduction of the tax on special construction by 33 percent will come into effect as from January 16, 2015 after being published in Romania’s Official Gazette three days earlier....more »
January 13, 2015 17:13
The Romanian Competition Council has sanctioned Metro, Real, Selgros, and Mega Image, as well as 21 of their suppliers with fines totaling approximately 35 million euro (154 million lei) in the investigation on the food retail market which revealed that the companies were involved in price fixing agreements between 2005 and 2009. The competition authority announces that the anticompetitive practices detected concern both agreements setting the reselling price and their actions with respect to sales promotions....more »
January 13, 2015 14:47
After 11 months in 2014, the level of foreign direct investment (FDI) in Romania is still below the volume recorded in the previous year, though the decline slowed downed following inflows of 531 million euro in November, according to a release of Romania’s Central Bank, BNR....more »
January 13, 2015 12:36
Romania’s building industry has slowed its decline in November 2014, the latest report released by the National Institute of Statistics indicating increases both compared to the previous month and to November 2013, albeit overall, construction work dropped by more than 9.5 percent year-on-year in the first eleven months of 2014....more »
January 12, 2015 14:49
The office space take-up in Romania’s major cities, including Bucharest, increased by 9.9 percent last year, reaching about 346,000 sqm, according to a report by Esop Consulting, reads Mediafax. While in Bucharest the leasing activity grew by only 5.57 percent compared to 2013, in the rest of the country the office space subject of such transactions advanced by 61 percent....more »
January 09, 2015 14:44
Polish hotel group Obris signed with Accor the agreement on the purchase of 46 hotels in Central Europe and concluded the master license agreement, the total price of the transaction amounting to 142.3 million euro....more »
January 09, 2015 13:27
Romania’s exports increased by 6.5 percent year-on-year between January and November 2014, while imports had a lower growth rate of 6 percent, leading to a trade deficit of 5.3 billion euro, higher by 97.1 million euro compared to the previous year, announces the National Institute of Statistics (INSSE)....more »
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