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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Romania Tax Agency Collects Over RON112B in Tax Revenue in 1H/2018 07.20.2018
Romania's tax agency ANAF collected over RON112 billion in tax revenue ion the first half of the year, 13.5% higher compared to the same period... more
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Government Approves EUR1B Funds For Investments In Cultural Objectives 07.19.2018
Romania’s Government has passed on Thursday an emergency decree granting funds worth EUR1 billion for multiannual investments in historical... more
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European Commission Refers Romania To EU Court Of Justice Regarding Money Laundering Directive 07.19.2018
The European Commission announced on Thursday that it referred Romania, together with Greece and Ireland, to the EU Court of Justice for failing to... more
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Natural Gas Prices Grow 5.83% for Household Consumers as of Aug 1 07.19.2018
The price of natural gas for household consumers will be raised by 5.83% as of August 1, Romania's energy regulator ANRE said Thursday. more
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Eurostat: Over 38% of Romanians Are at Risk of Poverty and Social Exclusion 07.17.2018
Over 38% of Romania's population is exposed to risks of poverty and social exclusion, 15.3 points above the EU average of 23.5%, Eurostat data... more
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Schweighofer Still Driving Destruction of Ancient Forests in Romania, EIA Investigation Finds 07.17.2018
A new investigation from the Environmental Investigation Agency (EIA) shows Austrian timber giant Holzindustrie Schweighofer, one of the largest... more
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Economy And Salaries On The Rise, Half Of Young People Plan On Leaving The Country 07.16.2018
Romania remains a country of contrasts, because, even though the economy and salaries are on the rise, and the job supply is greater than demand,... more
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Romania Supports Anti-VAT Fraud EU Directives 07.13.2018
Romania’s Finance Ministry announced that it supported two proposed EU directives designed to fight against VAT fraud during Friday’s ECOFIN... more
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World Bank: Romania’s Population Density Slumps To 1968 Level 07.10.2018
Romania registered a population density of only 85 people per sq. km in 2017, reaching a level similar to that of 1968 and seeing a continuous... more
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Prosecutor General Names Interim Chief Of National Anticorruption Directorate 07.09.2018
Romania’s Prosecutor General Augustin Lazar has delegated on Monday prosecutor Anca Jurma as interim chief-prosecutor of the National... more
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Romanian President Dismisses Country’s Top Anticorruption Prosecutor 07.09.2018
Romanian President Klaus Iohannis signed on Monday a decree dismissing top anticorruption prosecutor Laura Codruta Kovesi from office, enforcing a... more
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Romanian President Must Pay RON1.2M In State Damages For Illegal Rent, Says Finance Minister 07.06.2018
Romanian Finance Minister Eugen Teodorovici said Friday that President Klaus Iohannis must pay the state RON1.2 million, representing the rent he... more
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Romanian Parliament Passes Amendments To Criminal Code 07.04.2018
Romania’s Lower Chamber passed on Wednesday, as a deciding body, a controversial bill which modifies the country’s Criminal Code. more
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President Challenges Sovereign Investment Fund Bill At Constitutional Court 07.04.2018
Romanian President Klaus Iohannis challenged at the Constitutional Court, on Wednesday, a law passed by the Parliament regarding the creation of... more
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Ilfov County Council Sues Ministry Of European Funds Seeking EUR260M Compensation 07.03.2018
The Ilfov County Council announced on Tuesday that it filed a lawsuit against Romania’s Ministry of European Funds, claiming that its delay to... more
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Raiffeisen Bank Launches New Edition of Grant Program for NGOs 07.02.2018
Raiffeisen Bank is launching the eighth edition of its “Raiffeisen Comunitati” grant program and will grant non-reimbursable financing of... more
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Government Wants South Bucharest Airport Built Within Public-Private Partnership 06.28.2018
Romanian Prime Minister Viorica Dancila announced on Thursday that the Government intends to initiate multiple projects within a public-private... more
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Former Energy Minister Sentenced To Prison For Influence Peddling 06.28.2018
Romania's Supreme Court on Thursday sentenced former energy minister Constantin Nita to four years in prison for influence peddling. The ruling is... more
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Romanian Government Survives No-Confidence Motion 06.27.2018
A no-confidence motion filed against Romanian Prime Minister Viorica Dancila has failed on Wednesday, falling 77 votes short of the threshold... more
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Thousands Protest Outside Parliament During No-Confidence Motion Against Romanian PM 06.27.2018
At least two thousand people protested on Wednesday afternoon in front of Bucharest’s Palace of the Parliament, asking for the resignation of the... 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.
