07.22.2020

Romania will receive EUR79.9 billion from the European Union for economic recovery and infrastructure development, President Klaus Iohannis announced on Tuesday (July 21). more

07.15.2020

The turning point of the pandemic crisis has passed and bankers remain cautiously optimistic about economic recovery, willing to grant loans and take calculated risks. The banking system expects to more

06.05.2020

The economy is slowly recovering after the almost three months of isolation and businesses are resuming operations, adjusting to the new conditions. more

05.18.2020

As the National Statistics Institute released data on Friday indicating a surprising economic growth of 0.3% in the first quarter compared with the fourth quarter of 2019, economists are surprised, more

05.11.2020

The ice cream division of Unilever, a group which also sells cleaning, personal care or other foods and beverages, has been affected by the COVID-19 pandemic, but its officials are optimistic about more

05.05.2020

Romanian finance minister Florin Citu said Tuesday the government was operating within a scenario that sees the country's economy heading for a V-shaped recovery, returning to growth starting the more

04.22.2020

Non-food retailers, among the most affected by restrictions due to the Covid-19 pandemic, expect their sales will drop by an average 30% by the end of the year, according to a Colliers International more

04.02.2020

Romanian finance minister Florin Cit said Thursday he is optimistic and expects the country's economy to recover as quickly as it collapsed. more

03.16.2020

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02.24.2020

Rompetrol Rafinare (RRC.RO), a member company of KMG International Group, said Monday it has successfully implemented a modern system for recovering liquefied petroleum gas at the Petromidia refinery more

09.07.2018

Only 2% of the companies going insolvent successfully reorganize, which means most jobs in those companies are lost for good. more

01.22.2018

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07.20.2017

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03.09.2017

Romania’s Financial Supervisory Authority (ASF) decided to close the plan-based financial recovery procedure of insurance company Euroins Romania Asigurare-Reasigurare SA, after the latter managed more

11.08.2016

Bucharest Court of Appeals has rejected the appeal filed by insurance company City Insurance, owned by businessman Dan Odobescu, against the decision of the Financial Supervisory Authority (ASF) on more

10.22.2015

The European Commission has decided to refer Romania, the Czech Republic, Luxembourg, the Netherlands, Poland and Sweden to the Court of Justice of the EU over failure to transpose legislation on Bank more

10.14.2015

Romania’s Financial Supervisory Authority (ASF) on Wednesday decided to open financial recovery procedures for insurer Euroins Romania, in a move to improve the company’s financial situation, more

09.30.2015

Romania’s construction sector is recovering after six years of decline but needs infrastructure investments to be able to enjoy a sustainable recovery, says Francois Petry, chief executive officer more

09.14.2015

Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, will find a solution by yearend at the problems identified by Romania's Financial Supervisory Authority more

06.03.2015

Romania’s advertising market started to show signs of strong recovery in 2014 and the online sector saw the highest growth rate, of 10%, of all media, according to the Media Fact Book 2015 study more

05.28.2015

The European Commission has requested Romania, Bulgaria, the Czech Republic, France, Italy, Lithuania, Luxembourg, the Netherlands, Malta, Poland, and Sweden to fully implement the Bank Recovery and more

04.22.2015

Checks and promissory notes worth 2.3 billion lei (EUR520 million) bounced in the first three months of this year, 44% above the level of 1Q, 2014, as banks could not find enough cash in the accounts more

09.12.2014

The financial recovery plan of insurer Carpatica Asig, targeting the return to profitability, requires funds injection of maximum EUR20 million, that will be covered via the share capital increase and more

09.10.2014

Romania’s Financial Supervisory Authority (ASF) approved last week the financial recovery plan of insurer Carpatica Asig, which stipulates the share capital hike via cash contribution, the drawing more

05.30.2014

Some real estate developers continue to build homes and the demand for office space is picking up, while sales of construction materials like polystyrene and bricks have been on the rise since the more