Articolele autorului Oana Gavrila
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Romania Inflation Rate Flat at 3.3% in January
Romania's annual inflation rate stood at 3.3% in January, the same as in December 2018, data from the country's statistics board showed Wednesday. citeşte tot
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Isarescu Says Bank Tax Is an Attack on Central Bank Independence
Romanian central bank governor Mugur Isarescu said the tax on bank assets is an attack on the independence of the institution, as it hinders monetary policy. citeşte tot
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Central Bank Governor Tells Senators How ROBOR Index Works
The money market interest rate known as ROBOR was not manipulated, central bank governor Mugur Isarescu told members of the Senate's budge and finance committees at a hearing Tuesday. citeşte tot
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Romania Raises RON334.1M Selling April 2026 Bonds at 4.5% Average Yield
Romania's finance ministry on Monday raised 334.1 million lei ($79.6 million EUR70.4 million), a bit higher than its plan of RON300 million, selling treasury bonds maturing in April 2026 at an average yield of 4.5%, central bank data showed. citeşte tot
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Romanian Central Bank Raises 2019 Inflation Forecast to 3% from 2.9%
Romania's central bank has raised its year-end inflation forecast for 2019 to 3% from a previous forecast of 2.9%, central bank governor Mugur Isarescu said Monday. citeşte tot
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Romanian Government Adopts 2019 Budget, Targets Deficit at 2.55% of GDP
Romania's government on Friday adopted the 2019 state budget, built on an economic growth projection of 5.5%, which critics said is overly optimistic, and targeting a deficit of 2.55% of gross domestic product. citeşte tot
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Romanian Central Bank Admits Intervention to Curb Currency Fall
Romania's central bank intervened in the second half of January to curb the rapid depreciation of the Romanian leu to the euro, central bank governor Mugur Isarescu said Thursday. citeşte tot
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C&W Echinox: Land Transactions in Bucharest Hit New Record in 2018
Developers and real estate investors completed land acquisitions with a cumulative value of around EUR245 million last year in Bucharest, a new record for the past ten years, real estate consultancy firm Cushman & Wakefield Echinox. citeşte tot
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EC Maintains Romania's 2019 GDP Growth Projection at 3.8%
The European Commission has maintained its 3.8% economic growth projection for Romania in 2019 in its winter economic forecast released Thursday, unchanged from its fall forecast. citeşte tot
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Black Sea Oil & Gas Moves Forward With $400M Midia Gas Project
Black Sea Oil & Gas , owned by by Carlyle International Energy Partners and EBRD, said Thursday it has decided to move forward with the Black Sea offshore Midia Gas Development project, a $400 million investment. citeşte tot
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Romanian Central Bank Keeps Key Rate Unchanged at 2.5% a Year
Romania's central bank on Thursday kept its benchmark interest rate on hold at 2.5% at its first monetary policy meeting this year, the bank said in a statement. citeşte tot
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KMGI Posts $86M Net Profit in 2018, Plans to Start Building Petromidia Cogeneration Plant
KazMunayGas International (KMGI) plans to start the implementation of projects for the construction of a cogeneration plant at the Petromidia refinery in 2019 and to expand its retail network of gas stations stations in Romania, its main market. citeşte tot
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Alexandru Mitrache Promoted Head of Transactions – Land & Investment at C&W Echinox
Cushman & Wakefield Echinox announced Tuesday it is strengthening its Capital Markets team by promoting Alexandru Mitrache as Head of Transactions - Land & Investment. citeşte tot
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Agricola Group Posts 10% Turnover Growth in 2018, to RON737M
Meat processor Agricola Group had a total turnover of approximately RON737 million in 2018, up 10% on the year, the company said Tuesday. citeşte tot
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Fiscal Council Says Govt's 5.5% GDP Growth Projection Is Surprising, Unwarranted
Maintaining an economic growth projection of 5.5% in 2019 especially after the emergency decree 114/2018 introducing new taxes is surprising and unwarranted, Romania's Fiscal Council said in a statement Tuesday. citeşte tot
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Fitch Ratings: Romania 2019 Budget Fails to Lift Fiscal Uncertainty
Romania's draft 2019 budget targets a reduction in the budget deficit, but is based on optimistic assumptions and fails to clarify uncertainty over the new bank tax, Fitch Ratings said in a report Tuesday. citeşte tot
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Amerocap Evaluating Investments in Port of Constanta
Amerocap, a US-based investment firm, which supported Chimcomplex’s acquisition of Oltchim assets, is seeking expansion of its own private equity investment activity and evaluating investments in the Port of Constanta, it said in a statement. citeşte tot
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Smithfield Buys Local Meat Business in Arad, Western Romania
Smithfield, the largest pork producer in Romania and globally, has recently acquired local meat processor Maier Com in Arad, western Romania. citeşte tot
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Romania Forex Reserves Drop to EUR31.922B in January
Romania's foreign exchange reserves fell to EUR31.922 billion at the end of January from EUR33.065 billion at the end of 2018, central bank data showed Friday. citeşte tot
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AmCham Warns of Speedy Decrease in Quality of Public Policy, Law-Making, Governance Romania
The American chamber of commerce in Romania (AmCham Romania) on Friday warned of the accelerated decrease in the quality of public policy, law-making and governance in Romania. citeşte tot
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Romania Seeks to Raise CEC Bank Capital By RON940M
Romania's finance ministry plans to raise the share capital of state-owned CEC Bank by RON940 million, according to the 2019 state budget draft released late Thursday. citeşte tot
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Romania's Draft 2019 Budget Built on 5.5% GDP Growth, Targets 2.55% of GDP Deficit
Romania's government targets a deficit of 2.55% of gross domestic product and expects economic growth of 5.5%, according to the 2019 state budget plan published late on Thursday. citeşte tot
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Antitrust Body Fines Large Retailers, Suppliers EUR18.8M for Price Fixing
Romania's antitrust body said Thursday it has fined retailers Auchan, Cora and Carrefour, as well as four of their suppliers, a total of RON87.7 million (EUR18.8 million) for price fixing. citeşte tot
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Patria Bank Sells NPLs Totaling RON331.5M to Kruk Romania
Lender Patria Bank has sold a batch of non-performing loans totaling RON331.5 million to debt collector Kruk Romania, the bank said in a statement Friday. citeşte tot
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Romania Private Lending Grows 0.1% on Month in December 2018
Romanian private lending grew a marginal 0.1% (declined 0.02% in real terms) in December 2018 compared with November, to RON251.05 billion, central bank data showed Friday. citeşte tot
