Ecaterina Craciun

Eurostat: Romania Posts Lowest Annual Inflation Rate In The EU, In April 2017

14:34, 17 Mai 2017
Romania posted the lowest annual inflation rate, of 0.6%, in the European Union, in April 2017, and one of the lowest monthly inflation rates, of 0.2%, according to data published on Wednesday by Eurostat, the statistical office of the European Union.

GfK: Romania’s Durable Goods Market Up Nearly 6% In 1Q/2017

14:22, 16 Mai 2017
The Romanian durable goods market rose nearly 6% on the year in January-March 2017, and the electronics and small appliances sectors saw double-digit growth rates, according to a GfK report.

Vodafone Romania Reports 2.7% Higher Service Revenue, Of EUR707M, In 2016-2017 Fiscal Year

11:35, 16 Mai 2017
Vodafone Romania, the second largest player on the local mobile telephony market, on Tuesday said it registered service revenue of EUR707.2 million in the 2016-2017 fiscal year (April 1, 2016 – March 31, 2017), up 2.7%, in organic terms, compared with the same period in the previous fiscal year.

EximBank Reports Nearly EUR110M Turnover From Factoring Operations In 2016

14:54, 15 Mai 2017
Romania’s state-run lender EximBank registered a turnover of nearly EUR110 million from factoring operations in 2016, up 76% on the year, climbing two spots versus 2015, to the second position, among exports factors in Romania.

Stihl Romania Invests EUR6M In Logistics And Technical Training

13:57, 15 Mai 2017
Stihl Romania, the local division of German power tool producer Stihl, on Monday announced a EUR6 million investment in expanding its space in Otopeni, a 3,000-square meter surface area used for the development of its business, and in expanding by 300 sqm the space used to train its technical staff.

Alro Posts Adjusted Net Profit Of RON93M In 1Q/2017

12:03, 15 Mai 2017
Aluminum producer Alro Slatina (ALR.RO) registered an adjusted net profit of RON93 million, in January-March 2017, compared with RON41 million in the year-earlier period, and its turnover rose to RON634 million, from RON564 million in the first quarter of 2016.

EC Expects Romania’s Inflation Rate To Rise Gradually, Budget Deficit To Reach 3.5% Of GDP

18:57, 11 Mai 2017
Romania’s inflation rate is expected to rise and the budget deficit is seen widening due to tax cuts and higher public spending and the unitary pay bill is a huge risk for fiscal estimations, the European Commission said in its spring forecast released on Thursday.

A Román Nemzeti Bank devizaárfolyamai 2017. május 11-én

15:57, 11 Mai 2017
A Román Nemzeti Bank devizaárfolyamai 2017. május 11-én

BNR Exchange Reference Rates of May 11

15:49, 11 Mai 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

EC Cuts Romania’s 2017 GDP Growth Forecast To 4.3%

13:13, 11 Mai 2017
The European Commission (EC) has revised downward its forecast on Romania’s 2017 economic growth by 0.1%, to 4.3% from 4.4%, below the Romanian Government’s projection of 5.2%, and kept its GDP growth forecast of 3.7% for 2018, the Commission said in its spring forecast.

OMV Petrom’s Net Profit Doubles To RON618M, Sales Rise 27% In 1Q/2017

11:14, 11 Mai 2017
Romania's OMV Petrom (SNP.RO), majority owned by Austria's OMV, registered a net profit of RON618 million in the first quarter of 2017, double from RON288 million in the year-earlier period, the company said in its financial report on Thursday.

EBRD Revises Up Romania’s 2017 GDP Growth Forecast To 4%

18:18, 10 Mai 2017
The European Bank for Reconstruction and Development (EBRD) has raised by 0.3% its economic growth forecast for Romania, to 4% for 2017, according to EBRD’s latest Regional Economic Prospects report released on Wednesday.

Enel To Install Over 150,000 Smart Meters In Muntenia Sud, Dobrogea And Banat In 2017

15:36, 09 Mai 2017
Electricity distribution companies of Enel group will install over 150,000 smart meters in 2017, in the regions where they operate in Romania – Muntenia Sud, Dobrogea and Banat, Enel said in a statement on Tuesday.

BNP Paribas: Developer WDP Buys 50,000-Sqm Warehouse In Industrial Park Pitesti

14:56, 09 Mai 2017
WDP (Warehouses De Pauw), one of Europe’s leading industrial developers, is buying a 50,000-sqm land plot in industrial park Oarja-Pitesti, and BNP Paribas Real Estate brokers the transaction, BNP said in a statement.

Constanta, Fourth City In Romania With Home Prices Above EUR1,000/Sqm

14:04, 08 Mai 2017
Constanta becomes the fourth large city in Romania where home prices exceed the threshold of EUR1,000 per square meter, with the Imobiliare.ro index registering an increase of 2.1% in April, to EUR1,013 per sqm, from EUR992 per sqm, according to a statement released on Monday.

Hili Ventures Acquires ART Business Centre Through Premier Capital

16:44, 05 Mai 2017
Maltese group Hili Ventures has acquired, through its division Premier Capital, the building ART Business Centre, from FBC Exclusiv Company, according to law firm Suciu Popa, which assisted the transaction.

BRD Group Net Profit 4.5-Fold Higher In 1Q/2017, At RON330M

12:13, 04 Mai 2017
BRD group on Thursday said it ended the first quarter of 2017 with a net profit of RON330 million, 4.5-fold higher than in the year-earlier period, due to a net cost of positive risk, underpinned by improved net interest income and a tight grip on operating expenses.

Autovit.ro: Romania’s Auto Market Had, In First 3 Months, The Most Dynamic Quarter In Last 8 Years

23:44, 03 Mai 2017
Romania’s auto market registered, in January- March 2017, the most dynamic quarter of the last eight years, according to an analysis by Romanian car fair operator Autovit.ro.

Bucharest Stock Exchange’s BET Index Places 2nd In The EU, After 16.1% Rise In Jan-April 2017

23:43, 03 Mai 2017
The BET index, which tracks the twelve most liquid shares on the Bucharest Stock Exchange (BVB), rose 16.1% in January-April 2017, placing it second in the EU, after Poland’s index which increased by 22.02%, according to BVB’s April report released on Wednesday.

Dacia 2016 Turnover Up 8.35% To EUR4.6B

19:03, 26 Apr. 2017
Renault-owned carmaker Automobile Dacia registered a turnover of EUR4.6 billion (RON20.765 million) in 2016, up 8.35% from EUR4.2 billion in 2015, according to the management report released on Wednesday.

Study: Only 3% Of Total Romanian Companies Are The Engine Of Country’s Economy

15:22, 26 Apr. 2017
Only 3% of total Romanian companies represent the engine of the country’s economy and half of them are in dire straits, according to the third edition of a study by insolvency practitioner Casa de Insolventa Transilvania (CITR) Group regarding the evolution of impact companies between 2013 and 2015.

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.

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

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.

GfK: Two Thirds Of Romanians’ Expenses Target Foods

13:13, 18 Apr. 2017
2016 was another good year for the industry of fast moving consumer goods (FMCG), both from retailers and producers’ perspective. It was the second consecutive year when Romanians had an increased appetite for more expensive products and higher expenses, according to a study by GfK Romania.

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.

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.

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.

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.

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.

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.

Romanian Acting PM Catalin Predoiu Heads First Govt Meeting Monday – Sources

16:55, 06 Feb. 2012
The Romanian Government convenes Monday at 5 p.m. in an informal meeting to be headed by acting Prime Minister Catalin Predoiu, people close to the matter told MEDIAFAX.

Romanian Insurer Certasig To Assign EUR500,000 For Stake In Future PAID

16:21, 31 Mart. 2009
Romanian insurance company Certasig plans to assign at least EUR500,000 to join the shareholding structure of the future insurance-reinsurance company PAID (Insurance Pool against Natural Disasters), and Certasig shareholders are to discuss the proposal by the end of April.