Romania Exempts Coal-Fired Power Plants from 2% Turnover Tax, Caps Electricity Prices until Feb 2022

03.27.2019

Romania's government will keep a 2% tax on turnover for energy producers, exempting state-owned thermal and coal-fired power plants, and will keep a cap on electricity prices until end-February 2022, according to a draft emergency decree published by the finance ministry late Tuesday.

MOL Romania Invests EUR270,000 In Miercurea Ciuc County Emergency Hospital
04.09.2019

MOL Romania, the local division of Hungarian oil group MOL, is investing EUR270,000 in medical equipment that is to be assigned to Miercurea Ciuc... more

Private Healthcare Network Regina Maria Up For Sale

Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal

Romanian Government Softens Bank Tax, Disconnects It from Money Market Rates

Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft

Romania To Postpone Capital Hike Requirements for Private Pension Funds until May 31

Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private

Nuclearelectrica Signs USD $119M Framework Agreement With General Electric

Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /

Blue Air Signs New Agreement With TAROM

Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.

Romania Hotel Industry Turnover At EUR1.2B In 2018; Bucharest, Among Most Dynamic European Markets

The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,

CFA: Financial Analysts’ Confidence In Romania’s Economy Perks Up in February

Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level

Canada’s Molson Coors Group, Bergenbier Owner, Leases 6,000 Sqm Within The Bridge Office Space Project

Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in

Analysis

Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term

The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.