Economics
April 04, 2018 14:12
Banca Transilvania became the owner of the majority shareholding (99.15%) owned by Eurobank Group at Bancpost, respectively of the shares held in ERB Retail Services IFN and ERB Leasing IFN. With the completion of the transaction between Eurobank Group and BT, the integration of these entities into the Banca Transilvania Financial Group begins....more »
March 27, 2018 15:17
The Schweighofer Group, one of the leading European woodworking companies, makes a strategy change and sells its subsidiary Cascade Empire S.R.L. (Cascade Empire), as well as the Forest Management Division, Ocol Silvic Cascade Empire S.R.L., to the Swedish GreenGold Group....more »
March 20, 2018 12:35
The Romanian economy is growing strongly, unemployment has fallen to a record low, and the financial sector is improving shows the report issued by the International Monetary Fund ( IMF). An IMF staff team visited Bucharest during March 6-16 t...more »
March 16, 2018 14:06
Following last year's EUR 1.5 million investment in expanding its logistics capacity and software, DPD Romania, one of the largest express and parcel companies in the local market, estimates a 20% increase in turnover in 2018 and over 11 million parcels shipped during the year. In 2017, the company maintained an upward trend, with a turnover reported at the end of the year of 26.8 million. For 2018, the company will invest around 1 million euros in various business areas, including the opening of two logistics centers in Arad and Craiova....more »
March 08, 2018 09:19
DPD Romania, one of the largest courier and express delivery companies on the local market, has launched Express Regional, a fast delivery service for envelopes and door to door parcels anywhere in Bulgaria, Hungary and Greece....more »
March 06, 2018 14:43
Garanti Leasing, part of Garanti Romania, finances 20 Renault Zoe cars, with over EUR 300,000, as part of its strategy to actively support sustainable entrepreneurial projects, as well as other initiatives that have a positive impact on the community and the environment....more »
March 06, 2018 14:42
Bucharest Stock Exchange (BVB) went up by 9% in the first two months this year, as BET, the main index of the local capital market, closed February 2018 at 8,452 points, the second largest closing value recorded by BET during the January-February period this year. The increase posted by the Bucharest Stock Exchange is the largest among main indices of the capital markets of the European Union, Reuters data show....more »
March 01, 2018 14:36
While non-performing loan portfolio disposals picked up in 2016 with just over EUR 7 billion face value of completed deals in the CEE region (based on publicly available deal information), the enhanced debt sales market activity continued in 2017, according to the sixth edition of Deloitte's report on non-performing bank loans (NPL)....more »
February 28, 2018 12:01
The Government hails the partnership relation between EBRD and Transgaz, valuable company in the gas industry in Romania. The signing of the loan agreement of BRUA pipeline is a confidence signal sent to investors with respect to business opportunities that Romania is offering, Vice Prime Minister Viorel Stefan stated on Friday, in London, on the signing ceremony of the loan agreement between Transgaz and EBRD, worth 278 million lei (EUR 60 million dedicated to building the Romanian section of the BRUA  natural gas pipeline)....more »
February 28, 2018 11:52
Nestor Nestor Diculescu Kingston Petersen (NNDKP), one of the largest independent law firms in the CEE region, based in Bucharest, Romania, and Cornerstone Communications, CEE-present Investors’ relations and transactions-wise enabler agency, enter into an alliance. ...more »
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