The foreign direct investments (FDI) have reached in 2013 the highest level of the past four years, confirming the positive evolution mostly seen in the second half of the year when exports actually boomed. According to a report released by Romania’s Central Bank (BNR), the investments of non-resident in our country came to 2.71 billion euro – almost 27 percent more than in 2012....more »

OMNIASIG Vienna Insurance Group added 53.1 million lei to its social capital which now amounts to nearly 440 million lei. The increase has been approved during the General Meeting of Shareholders held last October 8 and has been performed by issuing some 15.2 million new nominative and dematerialized shares, having a nominal value of 3.5 lei each....more »

BRD still continues the decline in terms of overall financial results, reporting loss for the second year in a row. While the bank ended 2012 with some 332 million lei loss, last year figures indicate even higher loss of 385 million lei....more »

The Bucharest Stock Exchange (BVB) recorded last year an advance of 40 percent in its turnover, compared with 2012, which came to about 5.4 million euro (24.3 million lei). Additionally, the net profit rose to approximately 2.23 million euro (10 million lei), a growth of 10.9 percent over the previous year. ...more »

Moody’s Investors Services has an improved outlook on Romania’s national power grid company rating, changing it to Ba2 stable from Ba2 negative. According to Transelectrica, the criteria on the basis of which the bond credit rating company made the review concerned the diversification of funding sources, the better liquidity ratio, as well as the financial progress recorded last year....more »

Romania’s Central Bank Board lowered again the monetary policy rate to 3.5 percent, after a similar decision taken during the first meeting of the year when it was reduced to 3.75 percent. According to a BNR notification, the new rate will be ...more »

The International Monetary Fund expects a 2.2 percent economic growth for Romania in 2014, below the level reached last year, 2.8 percent, the highest since the beginning of economic crisis. The estimation has been communicated by Andrea Schaechter, Head of the IMF Mission whose visit in Bucharest ends these days...more »

The Credit Guarantee Program for SMEs engaged 20 banks which submitted their applications within the given period whose deadline was last Thursday, January 30, The National Fund for Credit Guarantee for Small and Medium Enterprises announced through a media release, Agerpres informs....more »

Raiffeisen Leasing today announced that managed to carry out the procedures for taking over the leasing portfolio from ING Lease which includes assets exceeding 30 million euro and about 60 corporate clients. The transaction has been completed on the basis of an agreement concluded in October 2013....more »

Oltenia Energy Complex (CEO) today signed a financing agreement with the European Bank for Reconstruction and Development meant to facilitate the refurbishment of the unit 6 of the Turceni thermal power station, Agerpres informs....more »