Articolele autorului Oana Gavrila
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Romanian Leu Tumbles to 4.7569 Units Vs Euro After Week of Losses
The Romanian leu hit a new low of 4.7569 units against the euro Wednesday, losing 0.91% on the day, after seven consecutive days of hitting low after low. citeşte tot
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Medlife Raises Stakes in SAMA Craiova and PDR Brasov
MedLife, the leading private healthcare provider in Romania, on Monday announced its has bought an additional 35% in the SAMA group of companies in Craiova and 3% of PDR Brasov group, raising its stakes to 90% and 83%, respectively. citeşte tot
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Romania Had Biggest Government Deficit in EU in 3Q/2018
Romania had the biggest government deficit in the European Union in the third quarter of 2018, of 3.6% of gross domestic product, Eurostat data showed Monday. citeşte tot
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Romgaz Seeks International Expansion via SOCAR Partnership
Azeri oil company SOCAR is interested in partnering with Romanian Romgaz to explore and exploit offshore Black Sea natural gas, besides involvement in the Trans-Anatolian Natural Gas Pipeline (TANAP) and the TransAdriatic Pipeline (TAP), Romgaz said in a pres release Monday. citeşte tot
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New Bank Tax Prompts BCR to Revise All Investment Plans, CEO Says
Romanian lender Banca Comerciala Romana (BCR), majority owned by Austrian Erste Group, is reconsidering all its investment plans due to the new tax on bank assets, CEO Sergiu Manea said at a banking conference on Friday. citeşte tot
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Dacia Reports Best Sales in a Decade in 2018
Romanian carmaker Dacia, owned by France's Renault, had its best sales in a decade in 2018 in Romania, with over 54,000 vehicles sold and a market share of over 30%, the company said Friday. citeşte tot
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Romania Raises EUR83.5M Selling Euro-Denominated Bonds on Local Market
Romania's finance ministry on Wednesday raised EUR83.5% million selling December 2023 euro-denominated bonds on the local market at an average yield of 0.97%, central bank data showed. citeşte tot
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Deloitte Expects 100 M&A Deals in Romania in 2019
The Romanian mergers and acquisitions market will total around 100 transactions in 2019, keeping a similar pace as during the period 2008-2018, Deloitte Romania said in a report Wednesday. citeşte tot
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Romanian Tourism Association, 13 Agencies Fined EUR2.45M for Antitrust Practices
Romania's antitrust authority has fined 13 tourism agencies and the country's national tourism association ANAT a total of EUR2.45 million for acting concertedly to keep vacation prices high. citeşte tot
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Romania Raises RON248.8 M Selling June 2023 Bonds at 4.41% Average Yield
Romania's finance ministry on Monday raised 248.8 million lei (EUR53.19 million) out of a planned RON400 million selling treasury bonds maturing in June 2023 at an average yield of 4.41%, central bank data showed. citeşte tot
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Romania's Fiscal Instability, Main Challenge for Businesses in 2019
Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania, according to the KeysFin Business Focus 2019 barometer released Friday. citeşte tot
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Poll: 2018 Was Hard for Recruiting – 29 Interviews to One Hire
Nearly nine out of ten companies had a tougher time finding suitable employees in 2018 compared with previous years, interviewing an average 29 candidates before hiring one person, a poll by HappyRecruiter showed Thursday. citeşte tot
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Romania's Bank Tax Could Lower Interests on Deposits
The so-called “greed tax” on bank assets will not necessarily affect lending so much as it might prompt the bank to cut costs by lowering interest rates on deposits, which are already below the inflation rate. citeşte tot
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One United Properties Starts Work on Residential Project in Timpuri Noi Area in Bucharest
Real estate developer One United Properties, held by Andrei Diaconescu and Victor Capitanu, has started works on a residential project in the Timpuri Noi are in Bucharest. citeşte tot
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Pillar II Private Pension Funds Had Assets RON48.1B End-November
Net assets of mandatory private pension funds in Romania (Pillar II) stood at RON48.1 billion at the end of November 29018, up 23% on the year, according to financial watchdog data. citeşte tot
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Sensiblu Owner Seeks to Buy 50 Belladonna Pharmacies
Czech Penta Investments, which bought in 2018 A&D Pharma, including the Sensiblu pharmacy chain, is close to a deal to buy 40-50 Belladonna pharmacies from owners Florin and Alina Gheorghita, market sources said. citeşte tot
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Banca Transilvania Seeks to Buy Back 10 Million Shares in Jan for Maximum RON40M
Romanian lender Banca Transilvania (TLV.RO) seeks to buy back 10 million of its own shares in the period January-2-25 for a maximum of RON40 million. citeşte tot
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Foreign Investors Council: Hazardous Changes To Affect Economy Deeply
The Foreign Investors Council (FIC), which consists of 123 member companies whose total investments in Romania amount to nearly EUR35 billion, warned Thursday the government's tax plans will affect the country's economy deeply, testing the patience of businesses and citizens. citeşte tot
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Bucharest Stock Exchange Loses Whole Year's Gains in Wednesday Session
The main index of the Bucharest Stock Exchange lost 8.6% by midday Wednesday, in just two hours of trading, losing the entire year's growth on concerns over government plans to impose new taxes. citeşte tot
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Local Businessman Invests EUR7M in Franchise Hotel in Suceava
Stefan Mandachi, the local entrepreneur who developed the Spartan restaurant network locally, has recently inaugurated a franchise hotel with a spa center in downtown Suceava, northern Romania, following a investment of EUR7 million. citeşte tot
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Regina Maria Opens EUR18M Hospital in Cluj
Regina Maria, the second largest player on the Romanian private medical services market, has opened a 148-bed hospital in Cluj-Napoca, following an investment of EUR18 million. citeşte tot
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Sphera Franchise Group Opens Two KFC Restaurants in Satu Mare
Sphera Franchise Group, which manages the KFC, Pizza Hut and Taco Bell restaurants, continues expansion plans and will open two KFC restaurants in Satu Mare, northern Romania, investing EUR1.2 million. citeşte tot
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Romanian Govt To Draft 2019 Budget on 5.5% GDP Growth
Romania's draft state budget for 2019 will be based on a gross domestic product of RON1,022 billion, a projected economic growth of 5.5% and a deficit below 3% of GDP, finance minister Eugen Teodorovici said Tuesday. citeşte tot
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GfK: Nearly Half of Romanians Want to Get Loans in Next 6 Months
Around 44% of Romanians intend to get a loan in the next six months and just 8% are completely certain they won't resort to this financing option, according to a poll by GfK, ordered by International Personal Finance which owns Provident Financial Romania. citeşte tot
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TAP Air Portugal Leaves Romania
Portuguese airline TAP Air Portugal will no longer operate direct Lisbon-Bucharest flights starting January 27, 2019, citing lack of profitability for the route, it said Monday. citeşte tot
