Economics
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 »
October 31, 2014 15:43
New Europe Property Investment (NEPI) will take over Promenada mall from Raiffeisen Evolution, the transaction coming to about 150 million euro, according to market sources quoted by Mediafax....more »
October 31, 2014 15:00
Representatives of the Oltenia Energy Complex (CEO) and
China Huadian Engineering today concluded the agreement for creating the joint
venture (an Independent Power Producer, IPP) which will implement the Rovinari
project: the construction of a ...more »
October 31, 2014 13:40
The Indian provider of IT services and solutions has announced plans to strengthen its presence in Romania where aims at growing headcount by 25 percent by the end of next year. Wipro, thus, anticipates that by December 2015 will employ 750 people in its local offices....more »
October 31, 2014 10:38
The head of Italian utility group
Enel, Francesco Starance, yesterday said that the announced sale of the assets
held in Romania and Slovakia, respectively, will be carried out shortly. Speaking
in a parliamentary hearing, he restated that Enel ...more »
October 30, 2014 17:39
Hidro Tarnita SA, the company in charge with the project, is deferring the deadline for submitting the pre-qualification documents required in the first phase of selecting the investors that will engage in implementing the project regarding the 1000 MW pumped-storage hydropower station at Tarnita-Lapustesti....more »
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