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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.

Libra Internet Bank Posts Record Profit Of RON32.5M In 2016

16:56, 04 Apr. 2017

Libra Internet Bank reported a record net profit of RON32.5 million in 2016, while its net assets doubled in the last two years, to RON3.39 billion, the bank said in a statement Tuesday.

Eurostat: Romania Has More Than A Third Of Vineyard Holdings In EU

16:31, 04 Apr. 2017

Romania has more than a third of vineyard holdings in the European Union, namely 855,000 holdings, or 36% of EU total, but the average area per holding stood at only 0.2 hectares in 2015, according to Eurostat.

Romania Ranks First In The EU By Number Of Fast Internet Connections

15:16, 04 Apr. 2017

Mid-2016 statistics place Romania first in the European Union regarding the number of fast internet connections, of at least 100Mbps, Romania’s telecom market regulator ANCOM said in a statement on Tuesday.

BNR Exchange Reference Rates of April 4

13:15, 04 Apr. 2017

Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Eurostat: Romania Registers One Of Lowest Unemployment Rates In The EU

18:47, 03 Apr. 2017

Romania registered one of the lowest unemployment rates, of 5.4%, in February 2017, with the Czech Republic seeing the lowest rate, of 3.4%, and Greece seeing the biggest rate, of 23.1%, according to a report released on Monday by Eurostat, the statistical office of the European Union.

Association: Pork Prices In Romania To Rise 15-30% Starting April

13:37, 03 Apr. 2017

Pork prices in Romania will rise, on average, by 15-30%, starting April, mainly due to an increase in pork exports to Asian countries, mainly to China, Japan and Hong Kong, in 2016, the Romanian Meat Association (ARC) said in a statement on Monday.

Arctic To Create Some 500 New Jobs In Romania

13:46, 31 Mart. 2017

Household appliance maker Arctic on Friday said it is expanding its activity in Romania with a new investment which will create some 500 new jobs.

BNR Exchange Reference Rates of March 31

13:07, 31 Mart. 2017

Following is the Romanian National Bank exchange rate chart for the Romanian leu.

ANRE: Romania To Raise Household Gas Prices By 2% As Of April 1

18:49, 30 Mart. 2017

Romania’s energy watchdog ANRE approved Thursday the regulated prices for the 38 natural gas suppliers operating on the local market, while natural gas prices for household consumers will increase by 2% as of April 1.

Sapunaru, Agrointeligenta: Romanians Should Buy Products Made In Romania To Support Local Economy

16:30, 30 Mart. 2017

Romanians should buy products made in Romania to support the local economy, Nini Sapunaru, head of Agrointeligenta association, told a MEDIAFAX conference about Romanian producers in food industry on Thursday.

BNR Exchange Reference Rates of March 30

13:37, 30 Mart. 2017

Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Michelin Group Invests EUR60M In Michelin Zalau Cord Plant NW Romania

11:16, 29 Mart. 2017

Michelin group will invest EUR60 million in the metallic cord plant Michelin Zalau Cord in Zalau town, northwestern Romania, thus creating 140 jobs and increasing production capacity by 50%, to 60,000 tons of metallic cord per year by 2019, the company said in a statement Wednesday.

Study: Romania Ranks Last In EU By Share Of Online Shoppers In Internet Users

19:24, 27 Mart. 2017

Only two in ten internet users in Romania (18%) shopped online in 2016, the lowest share in the EU, while the average stands at 66%, according to the data from marketing agency Perceptum.

Romanian Smart Bill Posts Sales Of Over EUR1M In 2016

13:36, 23 Mart. 2017

Smart Bill, Romanian provider of billing and management accounting solutions, reported a turnover of over EUR1 million in 2016, one year after the investments from Catalyst Romania and Gecad Group.

Romanian Democrat Liberals Challenge Extended Referendum Schedule In Constitutional Court

17:03, 19 Iul. 2012

Romania's Democratic Liberal Party (PDL) on Thursday filed three challenges with the Constitutional Court against amendments to the ordinances on the referendum and on the duties of the Court, and against a law whereby a referendum's voting schedule is set through a government decision.