Economics
December 04, 2014 14:30
Romania continues to be one of the main grain import sources for the Egyptian government that purchased additional 120,000 tonnes of wheat in a tender held on December 3, 2014, paying about 32.4 million dollar....more »
December 04, 2014 12:50
The domestic economy has seen declining investments in the three quarters ended September 30, 2014 as compared to the corresponding period last year, the latest report released by the National Institute of Statistics (INSSE) indicating a decrease by 5.9 percent. ...more »
December 03, 2014 15:34
The US information technology research and advisory company Gartner has placed Deloitte in a leadership position in its Magic Quadrant for Global Risk Management Consulting Services, based on ability to execute and completeness of vision, criteria which ranked Deloitte member firms’ risk management consulting servicesas the most advanced....more »
December 03, 2014 14:30
Romania’s Gross Domestic Product (GDP) increased by 3.1 percent within the first nine months of the year, based on the seasonally adjusted series and by 2.8 percent for unadjusted series, while in Q3 2014 the economy advanced by 1.8 percent over the previous quarter, and by 3 percent, respectively as compared to the same period last year, indicates a report released by the National Institute of Statistics (INSSE)....more »
December 03, 2014 12:15
Alpha Bank has acquired the insolvent residential compound developed by Indian group Asmita and British investment fund Convergence Development Limited on account of a debt of around 40 million euro. In 2006, the bank provided an 80 million euro loan for the real estate project which required initial investment of about 120 million euro....more »
December 02, 2014 16:47
Industrial production prices in Romania dropped by 0.4 percent in October 2014 compared to the previous month, prices decreases being recorded both for the domestic market (-0.1 percent) and for the non-domestic market (-0.9 percent)....more »
December 02, 2014 14:44
The first ten months of 2014 marked a growth in both tourist arrivals and overnight stays for Romania’s hospitality industry, according to the data released by the National Institute of Statistics (INSSE). ...more »
November 28, 2014 15:41
Romania will receive over 441 million euro in the period 2014-2020 to fight against poverty, as the European Commission has approved its operational programme to use the new Fund for European Aid to the Most Deprived (FEAD). The money will be used to provide food to those most in need, as well as school supplies to children in difficulty, reads a press release of the Commission....more »
November 28, 2014 12:01
The Romanian Financial Supervisory Authority (FSA) has not approved the Regulation regarding the listing on foreign EU markets through the depositary interests of shares listed in Romania, because it did not meet the majority of required votes, announces Fondul Proprietatea, also pointing out that no argumentation in the support of this decision has been presented....more »
November 27, 2014 16:33
The European Bank for Reconstruction and Development is releasing a 23 million euro loan for the confectionery factory Turkey’s ETI will establish in Craiova, Romania, announces a press release. The total cost of the investment, a greenfield one, will be 40 million euro, the candy manufacturer having also been granted a 6 million euro aid by the Romanian State....more »
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