Economics
November 06, 2014 17:18
The Bucharest Stock Exchange (BVB) has reported a profit of 9.33 million euro after the first nine months of the year, a 70.9 percent advance year-on-year, while recording an even major increase in operating profit which amounted to 8.83 million euro, 145.3 percent above last year’s level....more »
November 06, 2014 14:08
The Competition Council has approved the takeover of Promenada Mall by NEPI from Raiffeisen Evolution, the transaction worth 148 million euro being the largest ever recorded in Bucharest involving a single property....more »
November 06, 2014 12:51
OMV Petrom
has reported declining sales in the first nine months of the year, with
revenues dropping by to 16.2 billion lei, while the net profit has narrowed
significantly: 2.4 billion lei compared to 3.66 billion in 2013, according to a
compa...more »
November 05, 2014 16:07
MedLife’s turnover in the first half of the year amounted to 38.3 million euro, an advance by 12 percent compared to the same period of 2013. The growth rate of the medical services operator outpaced the average rate in the market which was about 8-9 percent, MedLife expecting to exceed, for the first time, 2.5 million patients in 2014....more »
November 05, 2014 13:15
OMV Petrom has implemented a 2.1 million euro project aimed at increasing energy efficiency in 345 of its filling stations, where it replaced the conventional lighting systems with a new LED based system, announces a press release....more »
November 05, 2014 12:25
The European Commission has reviewed the latest prognosis on Romania’s GDP progress which indicated a growth rate of 2.8 percent this year, the autumn 2014 forecast anticipating an advance by only 2 percent. The revised estimation follows the economic slowdown recorded in the first half of the year resulted from the strong deceleration in the second quarter (1.2 percent y-o-y). ...more »
November 04, 2014 14:50
Romania’s central bank, BNR, has dropped the monetary policy rate by 0.25 percent to 2.7 percent, a new historic low which will be effective starting November 5, 2014, according to a press release. This measure follows successive reductions applied subsequent to monthly meeting of BNR’s Board....more »
November 04, 2014 13:43
The Romanian market saw decreasing activity in the M&A field in the first half of 2014, contradicting the trend noticed within the CSE region, where most of the countries recorded higher volume in terms of mergers and acquisitions as compared with the same period last year, indicates EY’s M&A Barometer Romania H1 2014....more »
November 03, 2014 17:12
The Financial Supervisory Authority has approved a series of changes proposed by
the Bucharest Stock Exchange (BVB) to its Rulebook for Market Operators so as
to increase the visibility and trading
turnover on the regulated market, i...more »
November 03, 2014 15:28
Driven by low vacancy rates, increasing demand and increasing pre-lease transactions, prime yield has seen a compression by 0.25 percent, reaching 7.75 percent, which makes Bucharest one of the most attractive office market for investors, shows a report issued by CBRE Romania....more »
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