Romania Approves Memorandum For $2.5M Loan To Fund Justice Quarters Realty Project
yesterday, 19:44
The Romanian Government on Wednesday approved a memorandum of the Finance Ministry for receiving a downpayment of $2.5 million from the International Bank for Reconstruction and Development (IBRD).
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Raiffeisen Bank Finances Ten Projects Within Romanian Shipyard Constanta In 2005-2019 04.12.2019
Raiffeisen Bank financed ten projects within Romanian shipyard Santierul Naval Constanta (SNC), between 2005 and 2019, among which a vessel used in... more
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Banca Transilvania Expects Slowdown In Romania House Price Increases On Short Term 04.12.2019
House prices in Romania will see a slowdown in growth rate in the upcoming period, according to estimates by Banca Transilvania analysts. more
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BT: Share Of Current Account Deficit In GDP May Decrease To 4.2% In 2019, From 4.5% In 2018 04.12.2019
The share held by the current account deficit in the gross domestic product (GDP) may decrease to 4.2% in 2019 from 4.5% in 2018, against the... more
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Delgaz Grid Invests RON7M In Equipment For Detecting Gas Leaks From Distribution Grids 04.12.2019
Delgaz Grid, the natural gas and electricity distribution company of Germany’s E.ON Group in Romania, budgeted investments of over RON7 million... more
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Romania’s Current Account Deficit Grows 33% YoY In January-February 2019, To EUR568M 04.12.2019
Romania's current account balance posted a deficit of EUR568 million in January-February 2019, compared with EUR425 million deficit recorded in the... more
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Four Insurers Account for 75% of Comprehensive Car Insurance Sales 04.12.2019
About 75% of the sales of comprehensive car insurance on the local market come from four major companies – Omniasig, Alllianz-Tiriac, Groupama... more
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L’Oréal Romania: 2018 Our Best Year Ever 04.12.2019
L’Oréal Romania, which imports and distributes cosmetics but also has its own retail operations, had its best year ever in 2018. Sales saw... more
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Economy Is Growing, 2019 Is a Good Year to Optimize Profitability 04.12.2019
Despite the legislative changes that confused the business sector in early 2019, the business of companies continues to grow. Companies are,... more
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Immofinanz Reports EUR48.2M Rental Income From Its Romanian Properties In 2018 04.11.2019
The 15 properties owned by Austrian-held real estate developer Immofinanz in Romania generated rental income of EUR48.2 million in 2018, accounting... more
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NN Pension Funds Hold Over 5% In Transelectrica - The Equivalent Of RON80.4M Holding 04.11.2019
Pension funds managed by NN, the largest private pension fund administrator in Romania, have increased their holding in state-run power grid... more
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Prime Kapital Announces Silk District Project In Iasi; Works May Start Until End-2019 04.11.2019
Real estate developer and investment firm Prime Kapital, established by two of former managers of NEPI Rockcastle, plans to start works on the Silk... more
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Romanian PM Dismisses National Tax Agency’s Deputy Chairman 04.11.2019
Romanian Prime Minister Viorica Dancila on Thursday sacked the deputy chairman of the country’s National Agency for Fiscal Administration (ANAF),... more
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Eurostat: Foreign-Controlled Enterprises Account For 44% Of Value Added In Romania’s Economy 04.11.2019
In 2016, 27,662 of enterprises in Romania were foreign-controlled, accounting for 44% of the value added in the non-financial business economy,... more
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Romanian Construction Market Sees Positive Trend In 2018 And 2019 04.11.2019
Romania’s construction market grew 5.6% year-on-year in 2018 and the number of housing units built throughout 2018 was 12% higher compared with... more
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Eurostat: House Prices In Romania Up 5.3% YoY In 4Q/2018 04.11.2019
House prices in Romania grew by 5.3% in the fourth quarter of 2018, compared with the same quarter of 2017, and by 0.8% compared with the third... more
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OTP AM Management Romania To Pay Out Dividend Of RON3.55/Unit To OTP Real Estate & Construction 04.11.2019
OTP Asset Management Romania will distribute to OTP Real Estate & Construction investors registered on April 1, 2019, a dividend of RON3.55 per... more
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AROBS Transilvania Expands into HR Software Market 04.11.2019
AROBS Transilvania, one of the largest actors on the local IT solutions market, has entered the market of software platforms for human resources... more
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Preh Romania Expects 22% Higher Revenue In 2019 04.11.2019
Automotive component manufacturer Preh Romania, a supplier of Porsche, Mercedes, Audi and BMW, budgeted EUR270 million revenue for this year, 22%... more
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BCR Puts Heritage Building in Piata Universitatii, Bucharest, Up for Sale 04.11.2019
Banca Comerciala Romana has put for up sale the palace in Piata Universitatii in Bucharest that once housed Generala insurance company and has been... more
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SVN International Corp Opens Realty Consulting Office In Bucharest; Eyes EUR4M Turnover In 1st Year Of Operations 04.10.2019
U.S. real estate consulting firm SVN International Corp, with operations in eight countries and regions globally, has opened an office in... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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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,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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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.
