Ecaterina Craciun

IRUM Reghin Unveils 100% Romanian Tractor TAGRO

14:22, 30 Oct. 2018
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.

Romania Posts Budget Deficit Of RON16.8B, Or 1.77% Of GDP, In Jan-Sept 2018

12:46, 30 Oct. 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.

UniCredit Bank, Allianz-Tiriac Sign Partnership For Distribution Of Insurance Policies In Romania

16:25, 29 Oct. 2018
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.

Medicover Romania Revenue Up 20% In January-September 2018, To EUR66M

16:36, 26 Oct. 2018
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.

Orange Romania 3Q Turnover Grows 3.5% To EUR287M

12:07, 25 Oct. 2018
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.

Competition Council Sets Off Inquiry Into Romanian Cement Market

15:20, 24 Oct. 2018
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.

Three-Month Money Market Rate Rises To 3.30%

13:07, 22 Oct. 2018
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.

Three-Month Money Market Rate Hits Nearly Two-Month High Of 3.28%

12:18, 19 Oct. 2018
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.

Romania Car Market Hits Ten-Year High In January-September 2018

13:20, 18 Oct. 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.

Three-Month Money Market Rate Flat At 3.17%

11:50, 18 Oct. 2018
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.

Bucharest Airport Company Posts RON808M Revenue And RON320M Gross Profit In Jan-Sept 2017

11:42, 30 Oct. 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.

Competition Council Clears Takeover Of Veneto Banca Bucharest Division By Intesa Sanpaolo SpA

17:58, 25 Oct. 2017
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.

Standard & Poor’s Affirms Romania At BBB-/A-3, With Stable Outlook

18:28, 09 Oct. 2017
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.

Fitch: Romania’s Robust Growth Is Not Risk Free

18:45, 24 Aug. 2017
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.

APIA: New Car Sales In Romania Up 12.5% In January-July 2017

20:19, 14 Aug. 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).

Competition Council Fines Siveco And Intrarom A Total EUR1.75M

19:28, 27 Iul. 2017
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.

Eurostat: Romania Had One Of Lowest Government Debts In EU In 1Q/2017

17:01, 20 Iul. 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.

APIA: New Car Sales Up Over 17% In January-June 2017

19:37, 19 Iul. 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).

Eurostat: Romania Posts Third Lowest Inflation In EU In June 2017

17:50, 17 Iul. 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.

CTP Gets EUR75.8M Financing From EBRD And BCR For Two New Warehouses

14:27, 10 Iul. 2017
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

Romania Plans To Introduce Differentiated Corporate Income Tax

16:09, 29 Iun. 2017
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.

Canada’s Gabriel Resources Sues Romania For $4.4B

15:45, 29 Iun. 2017
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).

ANCOM: Average Fixed Broadband Internet Download Speed In Romania Up 78% On Year In 2016

14:44, 29 Iun. 2017
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.

Cetelem Study: 32% Of Romanians Say Their Purchasing Power Fell In 2016

18:29, 22 Iun. 2017
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.

Nokia Invests EUR73M In Expanding Its Campus In Timisoara

15:31, 20 Iun. 2017
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.

Romanian Leu Hits New Record Low, Of 4.5957 Vs Euro, Amid Lingering Political Tension

14:31, 20 Iun. 2017
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.

ManpowerGroup: Romanian Employers Forecast Steady Job Gains In Q3/2017

13:00, 13 Iun. 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

Romania Ranks Fifth Worldwide By 2017 Flight Price Index

12:32, 02 Iun. 2017
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.

BNR Exchange Reference Rates of June 2

12:31, 02 Iun. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

EY Survey: Romania Ranks Fourth In Europe By FDI Job Creation In 2016

15:10, 31 Mai 2017
Romania ranks sixth in Europe, in a ranking of countries boasting the highest number of new jobs created through foreign direct investments (FDI) in 2016, according to the 2017 edition of the EY European attractiveness survey.

Posta Romana Posts Gross Profit Of EUR3.8M In 2016

13:40, 31 Mai 2017
Romania's state-owned postal operator Posta Romana kept a positive trend and registered a gross profit of RON17.2 million (EUR3.8 million) in 2016.

Romania, Among Last In The EU By Inland Freight Transport In 2015

14:54, 26 Mai 2017
Romania ranks among the last in the European Union regarding inland freight transport, with less than 2,000 tons-kilometers per inhabitant, in 2015, according to data published on Friday by Eurostat, the statistical office of the European Union.

UniCredit Leasing Ensures Operating Lease For Two TransMontana Locomotives

13:12, 26 Mai 2017
UniCredit Leasing Fleet Management provided operating lease services for two TransMontana electric locomotives manufactured by Softronic-Softrans Craiova, which will be operated for freight transport, in Romania, by Deutsche Bahn Cargo.

Romania Posts RON1.35B Budget Surplus In January-April 2017

19:56, 25 Mai 2017
Romania's general consolidated budget posted a surplus of RON1.35 billion in January-April 2017, or 0.17% of the gross domestic product (GDP), finance ministry data showed Thursday.

Bosch Ends 2016 Fiscal Year, In Romania, With 22% Higher Turnover, Of RON1.5B

19:17, 25 Mai 2017
German Group Bosch ended the 2016 fiscal year with a turnover of nearly RON1.5 billion (EUR332 million) in consolidated sales in Romania, seeing a significant increase of 22% compared with the previous year, according to company data.

Competition Council Clears Takeover Of Fidelis Energy’s Client Portfolio By RWE Energie

19:12, 25 Mai 2017
Romania’s Competition Council has approved the transaction whereby electricity and natural gas supplier RWE Energie acquires the client portfolio of Fidelis Energy.

Fady Chreih: Regina Maria To Carry Out 18 Development Projects In 2017

18:19, 24 Mai 2017
Regina Maria, the second largest player on the Romanian private medical services market, has 18 ongoing development projects for 2017, which target expansions, relocations and modernization of existing locations, as well as greenfield projects, Chief Executive Officer Fady Chreih said on Wednesday.

Ghetea, CEC Bank: Risks Related To SME Lending Decreased From Previous Years

15:40, 22 Mai 2017
Risks related to the funding of small and medium-sized enterprises (SMEs) in Romania have decreased compared with the previous years, as the “market is cleaner” after the bulk of SMEs have vanished after the financial crisis, Radu Gratian Ghetea, president of state-owned lender CEC Bank.

Competition Council To Complete Inquiry Into Insurance Companies

14:46, 18 Mai 2017
Romania’s Competition Council is set to complete, in a few months’ time, an investigation targeting local insurance companies suspected of exchanging information in order to raise the price of the products they sell, antitrust regulator head Bogdan Chiritoiu said on Thursday.

Hun Lee Takes Over As President Of Samsung Electronics Romania

16:20, 17 Mai 2017
Hun Lee is the new president of Samsung Electronics Romania and will be tasked with managing operations on the Romanian and Bulgarian markets.