Articolele autorului Oana Gavrila
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Dacia Sells Over 55,000 Vehicles in Romania in 2019
Romanian carmaker Dacia, owned by France's Renault, sold 55,463 vehicles in Romania in 2019, slightly higher compared with 54,593 vehicles in 2018, it said in a press release Friday. citeşte tot
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Pillar II Pension Funds Post Average Yield of 11.8% in 2019
Mandatory private pension funds in Romania (Pillar II) had an average yield of 11.8% in 2019, the highest in the past nine years, the Romanian association for private pensions APAPR said in a statement Thursday. citeşte tot
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Romania's Annual Inflation Rate Hits 4% in December
Romania's annual inflation rate climbed to 4% in December 2019 from 3.8% in November, data from the country's statistics board showed Tuesday. citeşte tot
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Banca Transilvania Plans To Acquire Microinvest in Republic of Moldova
Banca Transilvania, Romania's largest lender by assets, plans to acquire 100% of the share capital of Microinvest, which specializes in financing small businesses and is the leader of the non-banking financing market in the Republic of Moldova. citeşte tot
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Patria Credit IFN Gets EUR2.5M EFSE Loan to Fund Farmers
Patria Credit, the non-banking financial institution owned by Patria Bank Group, which funds farmers and farming micro-enterprises, received a EUR2.5 million loan from the European Fund for Southeast Europe (EFSE), it said in a press release Tuesday. citeşte tot
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Hidroelectrica Seeks Equity Adviser in View of IPO
Romanian state-owned power producer Hidroelectrica has launched procedures to acquire equity advisory services for an estimated RON8.4 million in view of an initial public offering. citeşte tot
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Developer One United Properties Relocates HQ to North Gate Offices in Bucharest
Romanian real estate developer One United Properties, owned by Andrei Diaconescu and Victor Capitanu, will occupy over 15% of the office space in the North Gate office project in Bucharest. citeşte tot
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Romania Drafts 2020 Budget on 3.59% Deficit, 4.1% GDP Growth
Romania's 2020 state budget will be based on a gross domestic product of RON1.129 trillion, a projected economic growth of 4.1% and a deficit of 3.59% of GDP, finance ministry data showed Tuesday. citeşte tot
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Government to Repeal Part of Controversial Tax Bill
Romania's liberal government will fast-track a bill to repeal several provisions of a controversial tax bill adopted by the previous social-democrat government, prime minister Ludovic Orban said Monday. citeşte tot
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Romania Raises RON400M Selling Sept 2031 Bonds at 4.27% Average Yield
Romania's finance ministry on Thursday raised a planned 400 million lei (EUR84.5 million) selling treasury bonds maturing in September 2031 at an average yield of 4.27%, central bank data showed. citeşte tot
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eJobs: Romanian Bank Employees Get Second Lowest Pay in CEE
Bank employees in Romania are the second-lowest paid in the region, with an average EUR718 a month, topping just Bulgarian banking sector employees, who earn a monthly average of EUR586, a comparative analysis by eJobs showed Wednesday. citeşte tot
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Government Plans Income Tax of Up To 50% on Special Pensions
The Romanian government is working on a draft to apply an income tax rate of 10% to 50% on special pensions, official sources told Mediafax. citeşte tot
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Negotiations for Nuclear Units 3, 4 in Cernavoda To Be Completed This Year
Negotiations for the construction of a third and fourth nuclear reactor at Romania's power plant in Cernavoda will be completed this year, energy minister Anton Anton said Monday. citeşte tot
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Financial Analysts See Leu Falling to 4.82 Units vs Euro in 12 Months, Inflation at 4.05%
Seven out of ten analysts expect the Romanian leu to depreciate to an average 4.8262 lei to the euro over the next 12 months, while inflation is seen averaging 4.05% over the same horizon. citeşte tot
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Romania Current Account Deficit Widens to EUR3.4B in Jan-May
Romania's current account balance posted a deficit of EUR3.4 billion in January-May, compared with a deficit of EUR2.564 billion in the same period of 2018, central bank data showed Monday. citeşte tot
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Romanian Private Pension System Evolved Well in 1Q/2019, Says Watchdog VP
The Romanian private pension system had 7.79 million contributors and managed assets totaling RON53.21 billion at the end of the first quarter of 2019, said Dan Armeanu, vice-president of the financial supervision authority overseeing the private pension system. citeşte tot
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Parliament Committees Endorse Mugur Isarescu for New Term as Central Bk Governor
The Romanian parliament's budget-finance committees on Tuesday unanimously endorsed Mugur Isarescu for a new five-year term as central bank governor. citeşte tot
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Romania Posts Budget Deficit of 1.4% of GDP in Jan-May
Romania's general consolidated budget posted a deficit of RON14.7 billion in January-May, or 1.4% of gross domestic product, finance ministry data showed. citeşte tot
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Romania Private Lending Grows 0.4% in May
Private lending in Romania grew a slight 0.4% (-0.1% in real terms) in May compared with April, to RON257.539 billion, central bank data showed Thursday. citeşte tot
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Unirea Shopping Center Switches to RON23M Profit in 2018
Unirea Shopping Center (SCDM.RO), which operates two retail centers in Bucharest and Brasov, posted a profit of RON23.2 million in 2018, compared with a loss of RON34.8 million in 2017, after cutting back ion exploitation and financial expenses. citeşte tot
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Medical Inflation Seen Dropping to 10% in Romania
The Romanian market will register a drop in medical inflation from 15% in 2018 to 10% this year, although the cost of medical services is on the rise globally. citeşte tot
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Romania Raises Over RON1B Selling 12-Year and 2-Year Bonds
Romania's finance ministry on Thursday raised a total 1.013 billion lei (EUR214.5 million) in two separate tenders, selling bonds maturing in September 2031 and in June 2021, central bank data showed. citeşte tot
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Dedeman To Acquire Letea Bacau Platform for EUR3.16M
Bacau-based Dedeman group will acquire the industrial platform of former paper mill Letea Bacau for EUR3.16 million and plans to develop a business hub on the site. citeşte tot
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IMF Warns of Rising Macroeconomic Imbalances in Romania
Consumption-led growth has remained strong in Romania, raising people’s incomes toward those in advanced Europe, but macroeconomic imbalances have also deepened and fiscal and current account deficits have widened and inflation pressure is rising again, the International Monetary Fund said Friday. citeşte tot
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Transelectrica Net Profit Drops 44% in 1Q, to RON38M
Romanian state-run power grid operator Transelectrica (TEL.RO) on Wednesday reported total revenues of RON648 million for the first quarter, down 5% on the year, and a net profit of RON38 million, down 44% on the year. citeşte tot
