Articolele autorului Oana Gavrila
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Romania Durable Goods Market Grows 17% in Jan-Sept, to EUR2.2B
The Romanian durable goods market grew 17% on the year in the first three quarters, to EUR2.2 billion, an analysis by GfK showed Wednesday. citeşte tot
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Isarescu: Euro Area Not Cozy for Economies with Lagging Competitiveness
The euro area is not a cozy place for economies with lagging competitiveness or rigid markets and euro adoption involves a permanent commitment, Romanian central bank governor Mugur Isarescu said in a speech at the Conference on Europe Economic Integration. citeşte tot
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Romania's Budget Deficit at 2.2% of GDP in Jan-Oct, Finance Minister Says
Romania's consolidated budget posted a deficit of 2.2% of gross domestic product in January-October, finance minister Eugen Teodorovici said Tuesday, adding the country won't exceed the 3% deficit limit. citeşte tot
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Romanian Auto Market Heads for Fifth Year of Growth
October 2018 was the best October in the past decade for the local auto market, with 18,274 vehicles sold, 19.5% more than in October 2017, data from the Automotive Manufacturers and Importers Association (APIA) showed Wednesday. citeşte tot
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European Commission Urges Romania to Adjust Ballooning Public Deficit
Romania's public deficit is seen reaching 3.3% of gross domestic product this year and the European Commission recommends an annual structural adjustment of at least 1% of GDP in 2019. citeşte tot
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Finland's Peikko Acquires Factory Premises Near Bucharest, Starts Production in 2019
Finnish company Peikko Group Corporation, a leading global supplier of slim floor structures and connection technology for precast and cast-in-situ applications, has acquired large factory premises near Bucharest and plans to start manufacturing activities in the fist quarter of 2019. citeşte tot
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IMF: Romania Should Reassess Public Sector Wage Growth and Changes to Pensions
Romania should reassess increases in public wage and planned changes to pension benefits for their negative implications for fiscal sustainability and long-term growth, a mission of the International Monetary Fund concluded after a staff visit to Bucharest on November 6-12. citeşte tot
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IAR Ghimbav Signs Final Exclusive Collaboration Agreement with Airbus Helicopters
Romania's IAR Ghimbav has signed the final agreement for exclusive collaboration for the next 15 years with Airbus Helicopters for the production of H215M helicopters. citeşte tot
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Romanian Central Bank Keeps Key Rate at 2.5% a Year
Romania's central bank on Tuesday kept its benchmark interest rate on hold at 2.5%, the bank said in a statement. citeşte tot
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AmCham: Investments Not a Priority For Romanian Government in 2018
Romania's budgetary execution in the first nine months of 2018 indicates that the implementation of the investment plan is not a priority this year either, AmCham Romania, an organization consisting of 430 companies, said in a report Tuesday. citeşte tot
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Romania Raises RON200M Selling Sept 2031 Bonds at 5.46% Average Yield
Romania's finance ministry on Thursday raised a planned 200 million lei (EUR42.8 million) selling treasury bonds maturing September 2031 at an average yield of 5.46%, central bank data showed. citeşte tot
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Can Pack Romania Completes EUR50M Investment to Raise Output Capacity
Can factory Can Pack Romania, the only facility on the local market manufacturing aluminum cans for beer and soda, has completed a EUR50 million investment to expand its production capacity to 1.5 billion cans annually from nearly 950 million cans at present. citeşte tot
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Tarom Resumes Bucharest–Targu Mures Domestic Flights
Romanian state-owned airline Tarom will resume biweekly flights on the route Bucharest–Targu Mures starting November 22, the company said Tuesday. citeşte tot
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KazMunayGas, Romanian Government Establish Kazakh-Romanian Energy Investment Fund
KazMunayGas International (KMGI) and Romania's administration of state patricipations in the energy sector (SAPE), which is owned by the Ministry of Energy, on Friday signed the association agreement for the establishment of the Kazakh – Romanian Energy Investment Fund. citeşte tot
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Central Bank Governor: Romania Needs Comprehensive Vision for Euro Adoption
Romania's euro accession must be approached from a wider perspective, beyond comparisons with the accession rate of other countries in the region, central bank governor Mugur Isarescu said Thursday. citeşte tot
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Watford Insurance Enters Romanian Market
Watford Insurance Company Europe, a subsidiary of global insurance and reinsurance group Watford Re Ltd., launched its operations in Romania Wednesday. citeşte tot
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JLL: Bucharest Attracts 60% of Demand for Logistics and Industrial Space
Demand in Romania's industrial and logistics market reached 456,000 square meters in the first nine months of 2017, close to the level recorded for the whole last year when it totaled 463,000 sqm, property management firm JLL said in a report Thursday. citeşte tot
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CFA Romania Analysts Expect Drop in Leu, Rise in Interests As Confidence Drops
The Chartered Financial Analysts Association – Romania (CFA Romania) expects the Romanian leu to weaken and leu interest rates to increase in the next 12 months. citeşte tot
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Eurostat: Four in 10 Romanians at Risk of Poverty or Social Exclusion
Nearly four in ten Romanians (38.8%) were at risk of poverty or social exclusion in 2016, according to a Eurostat report released Monday. citeşte tot
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Wizz, Aegean to Operate Five Weekly Flights to Athens from Cluj in 2018
The international airport in Cluj-Napoca will host five regular flights to and from Athens, Greece, starting 2018, two be operated by Wizz Air and Aegean Airlines. citeşte tot
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Isarescu: Interbank Rates Grew Suddenly on Better Than Expected Tax Collection
Improved tax collection contributed to the sudden rise in interbank interest rates, central bank governor Mugur Isarescu said Tuesday at a press briefing following the central bank's monetary policy meeting. citeşte tot
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Romania Gets Over EUR201M To Complete Sighisoara-Coslariu Railway Section Upgrade
Over EUR201 million from the EU's cohesion fund will be invested in completing railway upgrade works between Sighisoara and Coslariu, central Romania, the European Commission said in a press release Thursday. citeşte tot
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Foreign Direct Investments Exceeded Remittances of Romanian Expats
Central bank statistics show foreign direct investment in the fist five months of the year exceeded remittances from Romanian expats for the first time. citeşte tot
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Transport Minister Says Sibiu-Pitesti Highway Costs More Due to Expropriations
Romanian transport minister Razvan Cuc explained Friday the total cost to build the 123 km highway linking Sibiu to Pitesti is EUR2.6 billion plus VAT, higher than in the transport master plan, due to expropriations. citeşte tot
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Romania Annual Inflation Rate Climbs to 0.9% in June
Romania's consumer price index hit an annual rate of 0.9% in June, from 0.6% in May, data from the country's statistics board showed Tuesday. citeşte tot
