September 30, 2015 13:45
Romanian Finance Minister, Eugen Teodorovici, declared recently that the country will start negotiations on a new deal to be signed with the International Monetary Fund by the end of this year. The focus of the negotiations will purportedly be on the implementation of structural reforms, and not budgetary deficit issues, Reuters reports. ...more »
September 29, 2015 12:33
Romania's OMV Petrom gas and oil group got approval from its shareholders to be listed on the London Stock Exchange (LSE). The company will issue GDRs (global depository receipts) for this secondary listing. Its Executive Board has the mandate to carry this on until December 31st 2016....more »
September 25, 2015 13:56
Dentons Bucharest office has advised the International Investment Bank in connection with a new project in Romania. The project envisaged a €15 million loan granted to the manufacturer of electrical wirings - Romcab Targu-Mureș.The credit facility will be used for financing the company’s work activities, especially the acquisition of raw materials....more »
September 25, 2015 13:40
National Bank of Romania' s Chief Economist, Valentin Lazea purportedly noted that the country's macroeconomic situation is a good one and this particular stability needs to be maintained....more »
June 10, 2015 12:42
Bucharest City Hall has borrowed 2.2 billion RON through a bond issue listed on the Bucharest Stock Exchange in the largest bond issue ever in Romania started by a municipality....more »
May 29, 2015 12:35
President Klaus Johannis will organize consultations with political parties to identify a national political consensus on Romania's accession to the euro area in order to ensure a smooth process in the adoption of the euro. ...more »
May 06, 2015 16:30
The European Commission has slightly revised its estimates of Romania's economic growth in 2015 to 2.8 per cent, from 2.7 per cent, as estimated in February, according to the Commission's Spring 2015 Economic Forecast. 'Economic growth in Romania is forecast to remain robust in 2015 and 2016, driven by strong private consumption and recovering investment. ...more »
April 29, 2015 14:48
The consolidated general budget ended Q1 2015 with a significantly higher surplus, 4.9 billion lei, 0.7% of GDP respectively, compared to a surplus of 2.3 billion lei, 0.33% of GDP respectively, in the first two months of this year, according to the data released by the Ministry of Public Finance. ...more »
April 09, 2015 16:31
Romania’s exports and imports rose between January and February 28, 2015, with exports recording a faster growth: 3.6 percent year-on-year, whilst imports advanced by 3.3 percent. ...more »
April 08, 2015 17:46
The Romanian Financial Supervisory Authority (FSA) has approved eventually the Regulation regarding the listing on foreign EU markets through the depositary interests of shares listed in Romania, after the first unsuccessful attempt in November 2014. ...more »
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