EBRD Ready to Support Infrastructure Development in Romania
09.20.2018
The European Bank for Reconstruction and Development (EBRD) stands ready to scale up its investment in Romania, the bank’s president, Suma Chakrabarti, said during a two-day visit to Bucharest on September 17-18.
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President: Romania Will Not Accede To The Eurozone Too Soon 10.18.2018
Romanian President Klaus Iohannis said Thursday that Romania’s adoption of the euro will not happen soon due to internal delays, though also... more
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New Lending Restrictions Applicable Starting January 1, 2019 10.18.2018
New lending rules limiting the allowed indebtedness ratio on mortgage and consumer loans will be applicable starting January 1, 2019, the central... more
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Romanian Central Bank Caps Indebtedness Ratio for Consumer, Mortgage Loans 10.17.2018
Romania's central bank board on Wednesday approved new lending rules, limiting the indebtedness ratio allowed for consumer loans and mortgage loans. more
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SMEs May Access EUR29M in State Aid for IT Projects Starting December 10.17.2018
Small and medium-sized enterprises (SMEs) and micro-enterprises will be able to access funds totaling over EUR29 million for development, research... more
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AmCham: New Pension Bill Mustn't Create Budget, Macroeconomic Imbalances 10.17.2018
AmCham Romania, an organization consisting of 430 companies, expressed concern Wednesday over the government's recent approval of a new pension... more
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WB Report: Romania Ranks 67th Among 157 Countries By Human Development Potential 10.11.2018
Romania places 67th among 157 countries regarding the human development potential, in a ranking compiled by the World Bank. more
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ASF: Number Of Insurance Contracts Against Natural Disasters Inched Up 1% In 1H/2018 10.09.2018
The number of contracts of insurance against natural disasters inched up 1% in the first half of 2018, to nearly RON1.7 million, and underwritten... more
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BT Analyst: Household Saving Rate Seen Rising In Coming Quarters 10.08.2018
The household saving rate is expected to increase in coming quarters, amid a maturing post-crisis economic cycle and the intensification of risk... more
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Finance Minister: VAT Collection To Be “Aggressively” Pursued Until The End Of 2018 10.05.2018
Romanian Finance Minister Eugen Teodorovici said Friday that Romanian tax agency ANAF must “aggressively” pursue VAT collection to narrow the... more
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Romanian PM Announces 5% VAT For Accommodation, Restaurants And Theme Parks 10.04.2018
Romanian Prime Minister Viorica Dancila announced on Thursday that the Government will set a 5% value added tax rate for accommodation, restaurant... more
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Foreign Investors Call for Fewer Emergency Decrees, Consultations on Legislation 10.04.2018
The Romanian Government should not use the emergency ordinances procedure for amending fundamental legislation, especially without a real and... more
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FP: Sovereign Fund Bill Leaves State Companies at the Discretion of Political Interference and Abuse 10.03.2018
Investment fund Fondul Proprietatea (FP) said in a statement Wednesday it was highly concerned by the bill setting up the general framework... more
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Offshore Bill Modified By MP Committee, Sets Higher Tax Rates For Additional Income 10.02.2018
Romanian Lower Chamber MPs modified on Tuesday several provisions of the pending bill which regulates Black Sea offshore exploitations, changing... more
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Tierra Scavi, SA&PE Construct To Build Two Sections of Craiova-Pitesti Expressway 10.01.2018
Tierra Scavi and the consortium SA&PE Construct are the two builders for the first two sections of an expressway linking Craiova to Pitesti in... more
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Romanian Senate Passes Offshore Gas Bill, Rejects President Re-Examination Request 09.25.2018
Romania’s Senate passed again on Monday a bill regulating offshore gas exploitations in the Black Sea, in the form amended earlier in the day by... more
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EC: Romania Had Biggest VAT Gap in EU in 2016, of 35.88% 09.21.2018
Romania posted the highest VAT gap in the European Union in 2016, of 35.88%, according to a study released Friday by the European Commission. more
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EBRD Lends EUR25M to Modernize Water and Wastewater Services in Romania 09.17.2018
The European Bank for Reconstruction and Development (EBRD) has granted a EUR25 million loan to Romania’s regional operator of water and... more
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WB: 55% Of Romania’s Housing Units Built Before 1970, 35% Need Urgent Repairs 09.12.2018
55% of Romania’s housing units were built before 1970 and 35% of the country’s 8.5 million housing units need urgent repairs, as per a survey... more
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Eurostat: Romania, Among EU States Allotting Lowest Amounts Of Funds For Culture 09.12.2018
Romania is among the EU states whose government allot a lesser amount of their GDP for recreational, cultural and religious activities, according... more
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ASF: Average Contribution To Pillar II At RON157.46 In June 2018 09.10.2018
On the mandatory private pension segment Pillar II, the average contribution of participants with contributions transferred in June 2018 stood at... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
