Financial
November 17, 2014 15:59
Romania’s economy resumed its uptrend in the third quarter of 2014, according to the “flash” estimates released by the National Institute of Statistics (INSSE) which reveal a 1.9 percent growth of the Gross Domestic Product (GDP) in Q3 compared to the previous three months. ...more »
November 12, 2014 14:47
Franklin Templeton, the manager of Fondul Proprietatea (FP), has announced its intention to sale up to 2,047,095, shares, equivalent to a 23.6 stake currently held in Conpet, a state-owned company operating in the field of crude oil transport and listed on the Bucharest Stock Exchange (BVB). ...more »
November 12, 2014 12:55
Hidroelectrica has recorded a gross profit of 943 million lei in the first ten months of 2014, a record level, after a 23.6 percent growth year-on-year, triggered by both increasing energy sales and strict control on prodction costs imposed by the reorganization plan issued by the judiciary administrator, the company announced...more »
November 11, 2014 16:32
Consumer prices increased by 0.2 percent in October 2014 compared to the previous month on higher prices in food and services fields, yet pulling down annual inflation rate from 1.54 percent in September 2014 to 1.44 percent, according to the dat...more »
November 11, 2014 16:01
The European Commission has acknowledged the Sebes-Turda highway project as eligible for funding, the total budget required amounting to about 621.5 million euro. The budget allocated to the first phase, which has already submitted to the Commi...more »
November 10, 2014 12:09
Both exports and imports rose between January and September 30, 2014, with exports recording a faster growth: 7.1 percent in euro-denominated currency (8.1 percent, based on lei-currency), while imports advanced by 6.6 percent (7.6 percent, respectively)....more »
November 06, 2014 17:18
The Bucharest Stock Exchange (BVB) has reported a profit of 9.33 million euro after the first nine months of the year, a 70.9 percent advance year-on-year, while recording an even major increase in operating profit which amounted to 8.83 million euro, 145.3 percent above last year’s level....more »
November 06, 2014 12:51
OMV Petrom has reported declining sales in the first nine months of the year, with revenues dropping by to 16.2 billion lei, while the net profit has narrowed significantly: 2.4 billion lei compared to 3.66 billion in 2013, according to a compa...more »
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 »
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