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Raiffeisen Bank Lent Over EUR350M To SMEs Under JEREMIE Program

16:47, 25 Apr. 2017
Romanian lender Raiffeisen Bank granted loans of more than EUR350 million to small and medium-sized enterprises (SMEs) via the Joint European Resources for Micro to Medium Enterprises (JEREMIE) program, the lender said in a statement Tuesday.

BNR Exchange Reference Rates of April 25

13:10, 25 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

OMV Starts Arbitration Proceedings Against Romanian State For Recovering EUR34M Environmental Costs

19:54, 24 Apr. 2017
Austria's OMV, owner of OMV Petrom (SNP.RO), initiated arbitration proceedings against the Romanian state at International Court of Arbitration in Paris for recovering environmental costs worth EUR34 million, OMV said in its 2016 annual report.

Coldwell Banker: Over 25,000 Homes Under Construction In Romania’s Main Cities

14:11, 24 Apr. 2017
Over 25,000 housing units are under various stages of development and are due to be delivered in 2017 in Romania’s main regional residential markets, such as Bucharest – Ilfov, Cluj – Napoca, Sibiu, Brasov and Constanta, according to a study by real estate consulting firm Coldwell Banker Romania.

Praktiker Romania Owner Buys Company’s Stores In Ploiesti And Constanta

13:48, 24 Apr. 2017
Businessman Omer Susli, owner of do-it-yourself retailer Praktiker Romania, bought the stores it operated in Ploiesti and Constanta cities, through a loan from CEC bank.

BNR Exchange Reference Rates of April 24

13:18, 24 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Bucharest Appeals Court OKs Merger Between Banca Comerciala Carpatica And Patria Bank

11:27, 24 Apr. 2017
The Bucharest Court of Appeals approved the merger between Banca Comerciala Carpatica and Patria Bank, on April 21, allowing the two banks to complete, in the coming period, the procedural and operational stages needed for the implementation of the merger, Patria Bank said in a statement on Monday

BNR Exchange Reference Rates of April 21

16:21, 21 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Enel Launches Natural Gas Supply Services For Residential Customers In Romania

14:49, 21 Apr. 2017
Italian utility group Enel has entered the Romanian natural gas supply market for residential customers, who can opt for a single electricity and natural gas supplier, the company said in a statement Friday.

Dent Estet Turnover Up 20% To EUR6.8M In 2016

13:54, 20 Apr. 2017
Dental clinic chain Dent Estet reported a turnover of EUR6.8 million in 2016, up 20% on the year, due to the increase of the number of patients and the requests for complex treatments, dental prosthesis and implantology.

BNR Exchange Reference Rates of April 20

13:47, 20 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

BNR Exchange Reference Rates of April 19

14:23, 19 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Eurostat: Romania Posts Lowest Annual Inflation Rate In EU In March 2017

14:16, 19 Apr. 2017
Romania posted the lowest annual inflation rate, of 0.4%, in the European Union in March 2017, while the EU's average rate stood at 1.6% from 2% in February, EU’s statistics office Eurostat said Wednesday.

Vast Resources Acquires Control Over Sinarom Mining Group SRL, Owner Of Manaila Polymetallic Mine

14:13, 19 Apr. 2017
UK-based mining company Vast Resources PLC, listed on the London Stock Exchange, has acquired 49.9% of the shares of SC Sinarom Mining Group, from Chinese businessman Ni Jinming.

Dacia Registrations In EU Up 9.9% In January-March 2017

12:49, 19 Apr. 2017
New registrations of Dacia cars in the European Union rose 9.9% to 111,126 units in January-March 2017, while Renault’s cars ranked third by the number of new registrations after VW and PSA groups.

BNR Exchange Reference Rates of April 18

14:42, 18 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Albalact To Be Delisted From Bucharest Stock Exchange

11:35, 18 Apr. 2017
The shares of dairy producer Albalact will be withdrawn from trading on the Bucharest Stock Exchange, starting Tuesday, April 18, after the company had been acquired by French group Lactalis.

BNR Exchange Reference Rates of April 14

13:16, 14 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

BNR Exchange Reference Rates of April 13

13:58, 13 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

OMV Petrom Hydrocarbon Production Flat On Year In 1Q/2017

16:59, 11 Apr. 2017
The total hydrocarbon production of Romania's OMV Petrom (SNP.RO), majority owned by Austria's OMV, stagnated at 170,000 barrels of oil equivalent (boe) per day in the first quarter of 2017, the same level reached in the fourth quarter of 2016, according to preliminary data released by the company o

Destatis – Labor Costs Rose 10.6% In Romania In 2016, The Highest Growth Rate In The EU

15:14, 11 Apr. 2017
Labor costs rose over 10% in Romania in 2016, reaching EUR5.40 per hour, which translates into the highest growth rate in the European Union, placing Romania 27th among the EU28, according to data by Germany’s Federal Statistical Office (Destatis).

Digi Communications Mulls Listing On Bucharest Stock Market

15:01, 11 Apr. 2017
Digi Communications, provider of telecommunications services in Romania and Hungary, on Tuesday said it plans to launch an initial public offering (IPO) of Class B ordinary shares for the public, in Romania, and towards some institutional and professional investors.

Fiscal Council President On Pay Law: Budget Deficit Could Reach 5.7% Of GDP In 2018

13:19, 11 Apr. 2017
The impact of the unitary pay law over the budget deficit is double versus that presented by the government, reaching RON50-60 billion; thus, budget deficit could reach 5.7% of GDP in 2018, according to Fiscal Council president Ionut Dumitru.

Black Sea Oil&Gas Awards Drilling Rig Contract For Two Offshore Wells In Black Sea

10:28, 11 Apr. 2017
Black Sea Oil & Gas and its co-venture partners announced Tuesday the awarding of a contract for the drilling of two offshore exploration wells located in the XV Midia Shallow Block, Romanian Black Sea continental shelf, to the local offshore drilling services provider GSP Offshore SRL.

Enel Buys Additional Stake Of 13.6% In E-Distributie Muntenia And Enel Energie Muntenia For EUR400M

17:18, 10 Apr. 2017
The acquisition of a further 13.6% of the share capital of the electricity distribution and sales companies operating in the Romanian region of Muntenia was finalized for a consideration of about EUR400 million, Italian utility group Enel said in a statement Monday.

Mazda Sales In Romania Up 17% To 371 Units In January-March 2017

13:25, 10 Apr. 2017
Sales of Japanese automaker Mazda on the Romanian market surged 17% on the year in the first three months of 2017, to 371 units sold, the company said in a statement Monday.

Competition Council Clears Takeover Of Elgan Automotive KFT And Elgan Automotive SRL By Globalworth

13:14, 10 Apr. 2017
Romania’s Competition Council has approved the transaction whereby Globalworth Real Estate Investments Limited is acquiring Elgan Automotive KFT S.C. and Elgan Automotive S.R.L.

BNR Exchange Reference Rates of April 10

13:13, 10 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Energy Expert: Fuel Price Hike Could Jeopardize Romania’s Economic Growth

17:24, 07 Apr. 2017
The price increase of crude oil and oil products, after the recent chemical attack in Syria, could jeopardize Romania’s economic growth, as a fuel price hike would trigger a chain reaction in the economy, according to energy expert Ionut Purica.

Traffic On Timisoara International Airport Up 70% To 355,832 Passengers In 1Q/2017

14:57, 07 Apr. 2017
Timisoara International Airport, in western Romania, saw an increase of 70% in passenger traffic on the year in the first three months of 2017, to 355,832 passengers.

BNR Exchange Reference Rates of April 7

13:10, 07 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Bucharest Stock Exchange Launches Online Petition For National Investment Day

19:02, 06 Apr. 2017
Bucharest Stock Exchange, the most important institution of the local capital market, launches an online petition that Romanians can sign to express support for enforcing a National Investment Day.

Eurostat: Romania And Bulgaria See Lowest Hourly Labor Costs In EU In 2016

17:44, 06 Apr. 2017
Romania (EUR5.5) and Bulgaria (EUR4.4) registered the lowest hourly labor costs in the European Union in 2016, while the highest hourly labor costs were registered in Denmark (EUR42) and Belgium (EUR39.2), according to Eurostat data.

Elena Ungureanu, VISA: The 18% Hike Of Currency In Circulation Is Alarming

15:18, 06 Apr. 2017
The number of contactless payments rose fourfold and the value of transactions rose fivefold in 2016, but the 18% increase of currency in circulation is alarming, Elena Ungureanu, deputy country manager VISA Romania, stated Thursday.

BNR Exchange Reference Rates of April 6

14:15, 06 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Romania To Borrow EUR60M From IBRD To Improve Legal Services

19:17, 05 Apr. 2017
Romania will contract a loan of EUR60 million from the International Bank for Reconstruction and Development (IBRD) to finance a project aimed at enhancing legal services, according to a bill ratifying the agreement, which was adopted by the government on Wednesday.

EximBank And Agricover Credit Extend RON100M Loan Agreement By Two Years

18:57, 05 Apr. 2017
EximBank and Agricover Credit are extending, for two years, a loan agreement worth RON100 million, which was concluded in 2015 to ensure the resources needed to develop new financial products and services for farmers, according to a statement released on Wednesday.

EY: 31% Of Romanian Companies Say Business Environment Is Affected By Corruption

15:03, 05 Apr. 2017
According to EY EMEIA Fraud Survey, 51% of respondents across Europe, the Middle East, India and Africa (EMEIA), still perceive that corrupt practices happen widely in business in their country despite sporadic progress in tackling bribery and corruption.

Colliers: Romanian Retail Space Market To Grow By 180,000 Sqm In 2017

14:16, 05 Apr. 2017
Retail space market will increase by 180,000 square meters in Romania in 2017, while most of the projects will be strip mall-type projects that will be delivered in secondary and tertiary cities, such as Prima Shops Oradea, according to real estate consulting company Colliers International.

Eurostat: Romania Retail Trade Posts Fourth Highest Growth In EU In February

16:59, 04 Apr. 2017
Romania posted the fourth highest annual growth in retail trade in the European Union in February 2017, of 7.5%, overtaken by Slovenia (16.8%) and Luxembourg (12.9%), Eurostat data showed Tuesday.