Romania posted the lowest annual inflation rate, of 0.4%, in the European Union in March 2017, while the EU's average rate stood at 1.6% from 2% in February, EU’s statistics office Eurostat said Wednesday.
UK-based mining company Vast Resources PLC, listed on the London Stock Exchange, has acquired 49.9% of the shares of SC Sinarom Mining Group, from Chinese businessman Ni Jinming.
New registrations of Dacia cars in the European Union rose 9.9% to 111,126 units in January-March 2017, while Renault’s cars ranked third by the number of new registrations after VW and PSA groups.
The shares of dairy producer Albalact will be withdrawn from trading on the Bucharest Stock Exchange, starting Tuesday, April 18, after the company had been acquired by French group Lactalis.
The total hydrocarbon production of Romania's OMV Petrom (SNP.RO), majority owned by Austria's OMV, stagnated at 170,000 barrels of oil equivalent (boe) per day in the first quarter of 2017, the same level reached in the fourth quarter of 2016, according to preliminary data released by the company o
Labor costs rose over 10% in Romania in 2016, reaching EUR5.40 per hour, which translates into the highest growth rate in the European Union, placing Romania 27th among the EU28, according to data by Germany’s Federal Statistical Office (Destatis).
Digi Communications, provider of telecommunications services in Romania and Hungary, on Tuesday said it plans to launch an initial public offering (IPO) of Class B ordinary shares for the public, in Romania, and towards some institutional and professional investors.
The impact of the unitary pay law over the budget deficit is double versus that presented by the government, reaching RON50-60 billion; thus, budget deficit could reach 5.7% of GDP in 2018, according to Fiscal Council president Ionut Dumitru.
Black Sea Oil & Gas and its co-venture partners announced Tuesday the awarding of a contract for the drilling of two offshore exploration wells located in the XV Midia Shallow Block, Romanian Black Sea continental shelf, to the local offshore drilling services provider GSP Offshore SRL.
The acquisition of a further 13.6% of the share capital of the electricity distribution and sales companies operating in the Romanian region of Muntenia was finalized for a consideration of about EUR400 million, Italian utility group Enel said in a statement Monday.
Sales of Japanese automaker Mazda on the Romanian market surged 17% on the year in the first three months of 2017, to 371 units sold, the company said in a statement Monday.
Romania’s Competition Council has approved the transaction whereby Globalworth Real Estate Investments Limited is acquiring Elgan Automotive KFT S.C. and Elgan Automotive S.R.L.
The price increase of crude oil and oil products, after the recent chemical attack in Syria, could jeopardize Romania’s economic growth, as a fuel price hike would trigger a chain reaction in the economy, according to energy expert Ionut Purica.
Timisoara International Airport, in western Romania, saw an increase of 70% in passenger traffic on the year in the first three months of 2017, to 355,832 passengers.
Bucharest Stock Exchange, the most important institution of the local capital market, launches an online petition that Romanians can sign to express support for enforcing a National Investment Day.
Romania (EUR5.5) and Bulgaria (EUR4.4) registered the lowest hourly labor costs in the European Union in 2016, while the highest hourly labor costs were registered in Denmark (EUR42) and Belgium (EUR39.2), according to Eurostat data.
The number of contactless payments rose fourfold and the value of transactions rose fivefold in 2016, but the 18% increase of currency in circulation is alarming, Elena Ungureanu, deputy country manager VISA Romania, stated Thursday.
Romania will contract a loan of EUR60 million from the International Bank for Reconstruction and Development (IBRD) to finance a project aimed at enhancing legal services, according to a bill ratifying the agreement, which was adopted by the government on Wednesday.
EximBank and Agricover Credit are extending, for two years, a loan agreement worth RON100 million, which was concluded in 2015 to ensure the resources needed to develop new financial products and services for farmers, according to a statement released on Wednesday.
According to EY EMEIA Fraud Survey, 51% of respondents across Europe, the Middle East, India and Africa (EMEIA), still perceive that corrupt practices happen widely in business in their country despite sporadic progress in tackling bribery and corruption.
Retail space market will increase by 180,000 square meters in Romania in 2017, while most of the projects will be strip mall-type projects that will be delivered in secondary and tertiary cities, such as Prima Shops Oradea, according to real estate consulting company Colliers International.
Romania posted the fourth highest annual growth in retail trade in the European Union in February 2017, of 7.5%, overtaken by Slovenia (16.8%) and Luxembourg (12.9%), Eurostat data showed Tuesday.
Libra Internet Bank reported a record net profit of RON32.5 million in 2016, while its net assets doubled in the last two years, to RON3.39 billion, the bank said in a statement Tuesday.
Romania has more than a third of vineyard holdings in the European Union, namely 855,000 holdings, or 36% of EU total, but the average area per holding stood at only 0.2 hectares in 2015, according to Eurostat.
Mid-2016 statistics place Romania first in the European Union regarding the number of fast internet connections, of at least 100Mbps, Romania’s telecom market regulator ANCOM said in a statement on Tuesday.
Romania registered one of the lowest unemployment rates, of 5.4%, in February 2017, with the Czech Republic seeing the lowest rate, of 3.4%, and Greece seeing the biggest rate, of 23.1%, according to a report released on Monday by Eurostat, the statistical office of the European Union.
Pork prices in Romania will rise, on average, by 15-30%, starting April, mainly due to an increase in pork exports to Asian countries, mainly to China, Japan and Hong Kong, in 2016, the Romanian Meat Association (ARC) said in a statement on Monday.
Romania’s energy watchdog ANRE approved Thursday the regulated prices for the 38 natural gas suppliers operating on the local market, while natural gas prices for household consumers will increase by 2% as of April 1.
Romanians should buy products made in Romania to support the local economy, Nini Sapunaru, head of Agrointeligenta association, told a MEDIAFAX conference about Romanian producers in food industry on Thursday.