Articolele autorului Oana Gavrila
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Haier Invests EUR50M in Refrigerator Production Unit in Romania
Chinese giant Haier, one of the world's largest white goods manufacturers, will be investing EUR50 million in a production unit in Prahova county, Romania. citeşte tot
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Renault Plans to Launch 100% Electric Dacia Model in 2021-2022
Renault plans to launch a fully electric Dacia model in 2021-2022, the carmaker announced Friday along with its earnings report. citeşte tot
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Orange Posts EUR1.1B Turnover in 2019
Telecom operator Orange Romania posted a turnover of EUR1.112 billion in 2019, 1.2% lower compared with 2018, the company said Thursday. citeşte tot
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EIB Support for Projects in Romania Amounts to EUR865M in 2019
The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided EUR865 million of loans, guarantees, equity and microfinance operations in Romania in 2019. citeşte tot
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Romania's Current Account Gap Widens to EUR10.47B in 2019
Romania's current account balance posted a deficit of EUR10.478 billion in 2019, compared with a deficit of EUR8.86 billion in 2018, central bank data showed Thursday. citeşte tot
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BT Asset Management Cleared to Acquire Pension Fund Certinvest Pensii
BT Asset Management and BT Investments, part of the Banca Transilvania Financial Group, have been cleared by the financial supervisory authority to acquire 100% of Certinvest Pensii, the only local player among private pension funds administrators in Romania. citeşte tot
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Oil Terminal Net Profit Grows Eight Times in 2019, to RON2.4M
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) posted a net profit of RON2.4 million in 2019, eight times higher than in 2018, and its turnover grew 15.1%, to RON168 million. citeşte tot
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Romania's Annual Inflation Rate Slows to 3.6% in January
Romania's annual inflation rate dropped to 3.6% in January from 4% in December 2019, data from the country's statistics board showed Thursday. citeşte tot
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Hidroelectrica Seeks Legal Adviser for Future IPO
Romanian state-owned power producer Hidroelectrica has launched procedures to acquire legal services in view of an initial public offering and is prepared to pay EUR700,000 net of VAT. citeşte tot
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Isarescu: Gold Reserve Repatriation Entails Massive Costs
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Carturesti Opens Bookstore in Timisoara
Bookstore chain Carturesti, owned by Nicoleta Dumitru and Serban Radu, has opened a new unit in downtown Timisoara, western Romania, reaching a total of 37 bookstores in Romania. citeşte tot
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Romania Central Bank Lowers Inflation Forecast to 3% in 2020 from 3.1%
Romania's central bank sees year-end inflation at 3% in 2020 from a previous projection of 3.1%, central bank governor said Tuesday at a briefing on the February Inflation Report. citeşte tot
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EC to Launch Excessive Deficit Procedure on Romania in March, Says Finance Minister
Romania will be placed under excessive deficit procedures in March at the earliest, outgoing finance minister undergo Florin Citu said Monday evening on TV station Realitatea Plus. citeşte tot
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Romania Net Average Salary Grows 5.1% on Month in December 2019
The average net salary in Romania grew 5.1% in nominal terms in December 2019 compared with November, to 3,340 lei (around EUR700), mainly due to end of the year bonuses, data from the country's statistics board showed Tuesday. citeşte tot
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Central Bank Sees Annual Inflation Declining In Early Months of 2020
Romania's central bank expects the annual inflation rate declining significantly in the early months of 2020 and staying in the upper half of the variation band of 1.5%-3.5% until the end of the forecast horizon. citeşte tot
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Ara Shoes To Shut Down Romanian Factory in Salaj in April
German footwear manufacturer Ara Shoes is set to close its Romanian factory in Salaj county, in April and lay off some of its employees in Bihor county, sources told Ziarul Financiar. citeşte tot
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De'Longhi Acquires New Production Plant in Romania
Italian household appliances manufacturing group De'Longhi on Friday announced the acquisition of a production plant in Romania in Madaras, Bihor county. citeşte tot
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Romania Raises RON1.16B Selling Feb 2029 Bonds at 4.17% Average Yield
Romania's finance ministry on Thursday raised 1.163 billion (EUR244 million) selling bonds maturing in February 2029 at an average yield of 4.17%, central bank data showed. citeşte tot
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Romania, Bulgaria Have Lowest Work from Home Rates in EU
Romania and Bulgaria had the fewest number of people working from home in 2018, of 0.4% and 0.3% respectively, compared with a European average of 5.2%, Eurostat data showed Thursday. citeşte tot
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First Home Program Continues in 2020 with RON2B Guarantee Budget
Romania's subsidized mortgage lending program for first time homebuyers will continue in 2020 and has a guarantee budget of RON2 billion, the same as in previous years. citeşte tot
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Revolut Tops 1 Million Users in Romania
British fintech Revolut has more than one million users in Romania after 400% growth in the second half of 2019, making Romania its biggest market after UK, it said in a statement Wednesday. citeşte tot
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Romania's Government Dismissed in No-Confidence Vote
Romania's liberal government was dismissed Wednesday in a no-confidence vote after it took responsibility for changing election legislation for the country's upcoming local elections. citeşte tot
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Romania Forex Reserves Grow to EUR35.5B in January
Romania's foreign exchange reserves grew to EUR35.505 billion at the end of January from EUR32.926 billion at the end of December, central bank data showed Monday. citeşte tot
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Eurostat: Romania Had Highest In-Work Poverty Risk in EU in 2018
Romania was the EU country with the highest in-work at-risk-of-poverty rate in the European Union in 2018, with 15.3% of its employed population at risk, Eurostat data showed Friday. citeşte tot
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MedLife Plans to Build Largest Private Medical Project in Romania
MedLife Medical System, the leading private healthcare provider in Romania, on Wednesday announced plans to develop the largest private medical project in Romania over a period of five years. citeşte tot
