Economics
February 26, 2015 13:02
Banca Transilvania (BT) has appointed A.T. Kearney, a global management consulting firm, to arrange the integration process of Volksbank Romania, the bank announced....more »
February 25, 2015 13:03
Courier company Sameday (Delivery Solutions) and venture capital/private equity fund Carpathia Capital open up road to the new AeRO market, the alternative trading system created by the Bucharest Stock Exchange (BVB) for early-stage companies, start-ups and SMEs, launched under a redesigned and reconstructed concept on February 25, 2015....more »
February 24, 2015 16:39
Oracle Romania has rented 10,000 sqm in Sky Tower office building in the Barbu Vacarescu – Floreasca area, one of Bucharest's landmarks, thus recording the first large real estate transaction of the year....more »
February 24, 2015 16:31
The decline recorded last year in terms of new loans has continued over January 2015, shows the latest report provided by the National Bank of Romania (BNR) which indicates a 0.3 percent decrease in non-governmental loans compared to December 2014 and a 3.8 percent drop compared to the same month in 2014....more »
February 23, 2015 15:12
Hidroelectrica has achieved gross profits of 140 million lei in January 2015, twice as much as a year ago. The improvement is due to the increasing volume of energy production, corroborated by lower operating costs, explains the hydropower energy producer....more »
February 23, 2015 14:47
Chevron announced it is giving up the shale gas operations in Romania, after a similar decision was taken with respect to Poland, thus exiting the European shale gas market, reads the Wall Street Journal....more »
February 20, 2015 16:31
The Government has released recently the new draft Tax Code which comprises several ultra-liberal measures, such as a diminution of the VAT, a reduced flat tax, the elimination of the tax on special construction, or lower social security contributions for both employers and employees, which would generate a gross budgetary deficit of over 16 billion lei....more »
February 20, 2015 14:55
Hidroelectrica, represented by its judicial administrator Euro Insol, won the lawsuit against Elsid Titu, as the Bucharest Court rejected the appeal filed by the latter against the enforcement of a force majeure clause in relation to the electricity supply contract with Hidroelectrica....more »
February 20, 2015 11:35
Romania's main gas producer, Romgaz, has announced a preliminary net profit of 1.4 billion lei, up by 44 percent year-on-year, whilst its estimated revenues increased to 4.5 billion lei from 3.9 billion lei in 2013....more »
February 19, 2015 16:52
Rompetrol Rfainare, Rompetrol Downstream, KazMunayGas Trading and KMG Rompetrol intend to access a syndicated revolving loan worth 390 million euro which will be partially used to refinance previous loans and to support the current operations and activities of the companies, according to an informing sent to the Bucharest Stock Exchange....more »
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