Trade Registry: Over 5,700 Firms in Romania Went Insolvent In January-August 2017

today, 14:10

The number of companies going insolvent in January-August 2017 rose by 5.5% (393 firms), to 5,758 firms, compared with the year-earlier period, with the biggest increase, of 82%, being registered in Bistrita Nasaud County and the biggest decrease, of 41%, in Salaj County, according to Trade Registry data.

PwC Romania: 72% Of Firms Say They Need At Least 6 Months To Implement VAT Split Payment System
today, 15:01

Almost three quarters of companies participating in a survey conducted by PwC Romania believe they need at least six months to implement the VAT... more
- 97.5% of SMEs Expect Split VAT Will Hurt Their Business
- Foreign Investors Council Criticizes Split VAT
- Romania To Make Split VAT Mandatory As Of January 1, 2018
- Romanian Govt Expects RON6B in VAT Collections In 3 Years With Split VAT
Romania Raises RON75M in Non-Competitive Tender for Oct 2020 Bonds
today, 13:59

Romania's finance ministry on Friday raised an additional 75 million lei (EUR16.32 million) at a supplementary, non-competitive tender for bonds... more
Romanian Finance Ministry To Allow Individuals To Buy Treasury Bonds
today, 13:12

Romania's finance ministry will launch a program allowing individuals to buy state paper directly through the state treasury at an interest but... more
Zacaria Develops First Private Industrial Park In Craiova
today, 12:56

Real estate developer Zacaria on Friday said it is developing the first private industrial park in Craiova, called Southern Industrial Park, which... more
Insolvent Dafora Medias To Resume Trading On Bucharest Stock Exchange
today, 12:41

Romanian drilling company Dafora Medias (DAFR.RO), which has been insolvent for two years, will resume trading on the Bucharest Stock Exchange on... more
Tarom Extends Mandate Of Interim General Manager Florin Susanu
today, 12:06

The Executive Board of state-run airline Tarom has extended the mandate of deputy general manager Florin Susanu by one month, until October 15,... more
Rising Consumer Spending Takes Logistics Space Occupancy Rate To All-Time High
today, 10:25

Logistics space has reached maximum occupancy, following the rise in consumer spending by about eight percent in the last few months. Therefore,... more
Press Review - September 22, 2017
today, 09:12

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Five Companies Among Top 15 In Food And Beverage Industry Changed Owners In Past Few Years
today, 00:00

Five major food and beverage companies among the 15 businesses with the highest growth in sales in the past five years have changed owners. Two of... more
Private Equity Firm Bancroft Plans To Exit Dumagas In Two Or Three Years
today, 00:00

Dumagas, one of the largest freight carriers in Romania, saw growth of 20% in the volume of freight in the first eight months and plans to increase... more
JLL Apoints Mike Atwell Head of Capital Markets for CEE and Czech Republic
yesterday, 15:41

Real estate consulting firm JLL has appointed Mike Atwell to lead its capital markets business in the Central and Eastern European region and in... more
Fondul Proprietatea Seeks to Sell 1.45B Shares in OMV Petrom
yesterday, 15:32

Romanian investment fund Fondul Proprietatea (FP.RO) has announced it plans to sell a 1.454 billion existing shares in oil and gas company OMV... more
C&W: Modern Retail Space Stock In Romania’s Big Cities Seen Growing By 500,000 Sqm In Next 3 Years
yesterday, 14:37

The stock of modern retail space in Romania’s 23 biggest cities, each with a population of over 90,000 inhabitants, is expected to grow by... more
Romania Sells RON500M of Oct 2020 Bonds at 1.91% Average Yield
yesterday, 14:04

Romania's finance ministry on Thursday raised a planned 500 million lei (EUR108.74 million) selling bonds maturing in October 2020 at an average... more
ACAROM: Registrations Of New Commercial Vehicles In Romania Rose 3.2% In January-August 2017
yesterday, 13:48

The number of new commercial vehicles registered in Romania rose 3.2% in January-August 2017, to 15,333 units, according to data provided by the... more
Romanian Banca Transilvania Grants EUR100M EU-Guaranteed Loans to SMEs
yesterday, 13:33

Romanian lender Banca Transilvania will grant up to EUR100 million in EU-guaranteed loans to small and medium-sized enterprises (SMEs) under an... more
Enterprise Investors Completes Fundraising For Polish Enterprise Fund VIII
yesterday, 12:35

Private equity firm Enterprise Investors (EI) on Thursday said it had completed the fundraising process for its ninth fund, Polish Enterprise Fund... more
Top Ten FMCG Companies Posted RON1.7B Profit In 2016
yesterday, 10:37

The ten most profitable companies in the fast-moving consumers goods industry posted more than 1.7 billion lei (almost EUR400 million) net profits... more
Consumers Become Growth Driver Of Car Market Again
yesterday, 10:33

Sales to individuals have become a growth driver for the sales of new cars again, seven months after the environment stamp duty was dropped, so now... more
Press Review - September 21, 2017
yesterday, 09:07

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BCR CEO: Romania Must Provide Confidence For Erste And BCR To Buy Risk

Romania is going through a favorable time for its economy, for business, customers are better prepared but we must not let ourselves be

BRD-Groupe Société Générale And UniCredit Bank Grant Over EUR177M Loan To A&D Pharma

BRD-Groupe Société Générale and UniCredit Bank is granting a syndicated loan worth over EUR177 million to pharmaceutical group A&D

Study: Romanian Entrepreneurs More Optimistic About Their Businesses Than European Average

Nearly half (49%) of Romanian entrepreneurs said they started their own business to feel more secure about their own future, according

C&W Echinox: Bucharest Logistical and Industrial Space Stock Grew Tenfold in 13 Years

The modern logistic and industrial space stock in Bucharest grew nearly ten times in the past 13 years, to nearly 1.2 million square

OMV Petrom Invests EUR5M In Modernizing Test Center At Petrobrazi Refinery

OMV Petrom, the largest oil and gas producer in Southeastern Europe, on Wednesday said it invested nearly EUR5 million in modernizing

Giant Bond Issue On Bucharest Stock Exchange As Globalworth Seeks To Raise EUR550M

BT Capital Partners, a top five broker in Romania, has been entrusted with the listing of the Globalworth bonds on the Bucharest Stock

Timken Opens $60M Bearing Plant in Ploiesti

US company Timken opened a new bearing factory in Romania Tuesday, near Ploiesti, following an investment of $60 million.

NEPI To Inaugurate Shopping City Ramnicu Valcea By End-2017

South-African investment fund New Europe Property Investment (NEP.RO), the largest player on the Romanian real estate market, has

ManpowerGroup: Romanian Employers Forecast Steady Job Gains In Q3/2017

28% of Romanian employers plan to add to their payrolls in the July – September 2017 timeframe, according to the Q3 edition of the

Brisegroup Budgets EUR7M Investments In Building And Upgrading Silos

Brisegroup, one of the largest grain traders and farm input wholesalers in Romania, plans to invest EUR7 million in the completion of a

Continental Plans To Boost Staff Numbers In Romania By 1,500 In 2017

Continental, one of the world’s largest car parts manufacturers, said it plans to increase the number of employees in Romania, by

Analysis

Banks Get EUR600M on Lower Reserve Ratios But Loan Interests Could Rise

Banks have around EUR600 million following the central bank's cutting of required ratios on foreign currency liabilities by two percentage points, but interests on loans could rise following international trends, despite higher market liquidity.