Articolele autorului Ecaterina Craciun
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IRUM Reghin Unveils 100% Romanian Tractor TAGRO
Reghin-based IRUM plant on Tuesday launched the TAGRO tractor, following a total investment of over EUR6 million. It is the first 100% Romanian tractor produced after a 10-year break in the profile industry. citeşte tot
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Romania Posts Budget Deficit Of RON16.8B, Or 1.77% Of GDP, In Jan-Sept 2018
Romania’s general consolidated budget posted a deficit of RON16.8 billion, or 1.77% of the gross domestic product (GDP), in the first nine months of 2018, finance ministry data showed Tuesday. citeşte tot
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UniCredit Bank, Allianz-Tiriac Sign Partnership For Distribution Of Insurance Policies In Romania
UniCredit Bank, the fourth largest bank in Romania by assets, and Allianz-Tiriac Asigurari, the largest insurance company at the end of the first half of 2018, on Monday said they signed a partnership for the distribution of life and general insurance, by implementing a regional partnership. citeşte tot
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Medicover Romania Revenue Up 20% In January-September 2018, To EUR66M
Swedish-held private medical service provider Medicover, present in Romania with medical division Medicover and medical laboratory division Synevo, reported 20% higher revenue, of EUR66 million, in January-September 2018, compared with the same period a year ago. citeşte tot
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Orange Romania 3Q Turnover Grows 3.5% To EUR287M
Telecom operator Orange Romania said Thursday it had a turnover of EUR287 million in the third quarter of 2018, 3.5% higher compared with the same period last year, driven mainly by growth in fixed-mobile services and mobile data consumption. citeşte tot
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Competition Council Sets Off Inquiry Into Romanian Cement Market
Romania’s Competition Council on Wednesday said it started an investigation into possible anticompetitive agreements on the local cement manufacturing and sale market between the companies Holcim (Romania) SA, CRH Ciment (Romania) SA and Heidelbergcement Romania SA. citeşte tot
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Three-Month Money Market Rate Rises To 3.30%
The three-month money market interest rate used to calculate interests for consumer loans in lei rose to 3.30% a year on Monday, from 3.28% a year on Friday, central bank data show. citeşte tot
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Three-Month Money Market Rate Hits Nearly Two-Month High Of 3.28%
The three-month money market interest rate used to calculate interests for consumer loans in lei on Friday rose to the highest in almost two months, at 3.28% a year, after staying put at 3.17% a year over the last three days, central bank data show. citeşte tot
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Romania Car Market Hits Ten-Year High In January-September 2018
Car sales in Romania grew 20.2% year-on-year in January-September 2018, to 134,831 units, a record high of the past decade, data from the Automotive Manufacturers and Importers Association (APIA) showed Thursday. citeşte tot
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Three-Month Money Market Rate Flat At 3.17%
The three-month money market interest rate used to calculate interests for consumer loans in lei continued to remain unchanged on Thursday, at 3.17% a year, for the third consecutive day, central bank data show. citeşte tot
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Bucharest Airport Company Posts RON808M Revenue And RON320M Gross Profit In Jan-Sept 2017
The Bucharest National Airport Company (CNAB) registered total revenue of RON808.6 million in January-September 2017, up 20.1% on the year, and a gross profit of RON320 million, up 34% on the year. citeşte tot
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Competition Council Clears Takeover Of Veneto Banca Bucharest Division By Intesa Sanpaolo SpA
Romania’s Competition Council has approved the transaction whereby Intesa Sanpaolo SpA has acquired the banking network held by the Bucharest subsidiary of Veneto Banca SpA Italia Montebelluna. citeşte tot
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Standard & Poor's Affirms Romania At BBB-/A-3, With Stable Outlook
Standard&Poor's Ratings Services affirmed its 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Romania, with stable outlook, the Finance Ministry said in a statement on Monday. citeşte tot
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Fitch: Romania's Robust Growth Is Not Risk Free
Romania has posted another quarter of rapid economic growth, but pro-cyclical fiscal policy and rapid wage growth in 2017 have increased overheating risks, Fitch Ratings says. citeşte tot
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APIA: New Car Sales In Romania Up 12.5% In January-July 2017
Total car sales (vehicles and commercial vehicles) in Romania rose 12.5% on the year in January-July 2017, according to statistics released on Monday by the Romanian Automotive Manufacturers and Importers Association (APIA). citeşte tot
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Competition Council Fines Siveco And Intrarom A Total EUR1.75M
Romania’s Competition Council fined two IT companies a total RON8 million (nearly EUR1.75 million) for rigging a public acquisition procedure organized by the agriculture paying agency APIA in 2008 to award a frame agreement for services aimed at extending and developing the computer system. citeşte tot
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Eurostat: Romania Had One Of Lowest Government Debts In EU In 1Q/2017
Romania saw a slight decline in the ratio of government debt to GDP, in the first quarter of 2017, among European Union member states, thus, boasting some of the most favourable positions, Eurostat data showed Thursday. citeşte tot
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Japanese Companies In Great Britain May Relocate Their Businesses To Romania
Japanese companies in Great Britain want to move their businesses to Romania, in the context of Brexit and due to the economic growth registered by Romania, but are calling on the government to ensure a predictable economic environment, government sources told MEDIAFAX on Wednesday. citeşte tot
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APIA: New Car Sales Up Over 17% In January-June 2017
New car sales in Romania rose 17.1% on the year in January-June 2017, which also includes vehicles, with an increase of 21.7%, according to estimations released on Wednesday by the Romanian Automotive Manufacturers and Importers Association (APIA). citeşte tot
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Eurostat: Romania Posts Third Lowest Inflation In EU In June 2017
Romania posted the third lowest annual inflation rate in the European Union in June, of 0.7%, after Denmark (0.4%), according to data published Monday by Eurostat, the statistical office of the EU. citeşte tot
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CTP Gets EUR75.8M Financing From EBRD And BCR For Two New Warehouses
CTP Romania, one of the biggest developers of logistics and industrial space on the local market, will get EUR75.8 million financing from the European Bank for Reconstruction and Development (EBRD) and Banca Comerciala Romana (BCR) to expand logistics park CTPark Bucharest West by two new warehouses citeşte tot
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Romanian Parliament Endorses Mihai Tudose Cabinet
Romania's new Cabinet, led by Mihai Tudose, on Thursday received the Parliament's endorsement with 275 votes in favor and 102 votes against. citeşte tot
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Romania Plans To Introduce Differentiated Corporate Income Tax
Romania's proposed finance minister Ionut Misa said Thursday the government plans to introduce a differentiated tax on income for all companies, in three gradual stages, of 1%, 2% and 3%, respectively. citeşte tot
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Canada’s Gabriel Resources Sues Romania For $4.4B
Canadian project developer Gabriel Resources is suing Romania for a record C$5.7 billion (the equivalent of 4.4 billion American dollars) before the World Bank’s International Center for Settlement of Investment Disputes (ICSID). citeşte tot
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ANCOM: Average Fixed Broadband Internet Download Speed In Romania Up 78% On Year In 2016
Romanians enjoyed national average download speeds of 26 Mbps for internet data and download speeds of 95 Mbps for fixed broadband internet data in 2016, which translates into an increase of 78%, according to ANCOM application used to test the quality of internet service, called Netograf.ro. citeşte tot
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Cetelem Study: 32% Of Romanians Say Their Purchasing Power Fell In 2016
Romanians believe 2016 was stable in terms of purchasing power: 46% of respondents, higher by five percentage points than in 2015, said their purchasing power remained the same as in the previous year, according to a pan-European survey by Cetelem. citeşte tot
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Nokia Invests EUR73M In Expanding Its Campus In Timisoara
Nokia on Tuesday said it will be expanding its campus in western city of Timisoara with the biggest research and development (R&D) center in the Romanian telecom industry and the total investment exceeds EUR73 million. citeşte tot
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Romanian Leu Hits New Record Low, Of 4.5957 Vs Euro, Amid Lingering Political Tension
The Romanian leu depreciated further against the euro by midday Tuesday and the central bank set the leu’s reference rate versus the euro at 4,5957 units, the lowest level since July 2012, amid lingering political tension locally and an unfavourable context globally. citeşte tot
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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 ManpowerGroup Employment Outlook Survey. q citeşte tot
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Romania Ranks Fifth Worldwide By 2017 Flight Price Index
Romania ranks first in terms of short-haul flights, with a cost of EUR2.79 per 100 km for low-cost services and places fifth worldwide (domestic and external flights), according to the survey 2017 Flight Price Index, carried out by web portal kiwi.com. citeşte tot
