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EC Cuts Romania’s 2017 GDP Growth Forecast To 4.3%

13:13, 11 Mai 2017
The European Commission (EC) has revised downward its forecast on Romania’s 2017 economic growth by 0.1%, to 4.3% from 4.4%, below the Romanian Government’s projection of 5.2%, and kept its GDP growth forecast of 3.7% for 2018, the Commission said in its spring forecast.

OMV Petrom’s Net Profit Doubles To RON618M, Sales Rise 27% In 1Q/2017

11:14, 11 Mai 2017
Romania's OMV Petrom (SNP.RO), majority owned by Austria's OMV, registered a net profit of RON618 million in the first quarter of 2017, double from RON288 million in the year-earlier period, the company said in its financial report on Thursday.

EBRD Revises Up Romania’s 2017 GDP Growth Forecast To 4%

18:18, 10 Mai 2017
The European Bank for Reconstruction and Development (EBRD) has raised by 0.3% its economic growth forecast for Romania, to 4% for 2017, according to EBRD’s latest Regional Economic Prospects report released on Wednesday.

Enel To Install Over 150,000 Smart Meters In Muntenia Sud, Dobrogea And Banat In 2017

15:36, 09 Mai 2017
Electricity distribution companies of Enel group will install over 150,000 smart meters in 2017, in the regions where they operate in Romania – Muntenia Sud, Dobrogea and Banat, Enel said in a statement on Tuesday.

BNP Paribas: Developer WDP Buys 50,000-Sqm Warehouse In Industrial Park Pitesti

14:56, 09 Mai 2017
WDP (Warehouses De Pauw), one of Europe’s leading industrial developers, is buying a 50,000-sqm land plot in industrial park Oarja-Pitesti, and BNP Paribas Real Estate brokers the transaction, BNP said in a statement.

BNR Exchange Reference Rates of May 9

13:07, 09 Mai 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Constanta, Fourth City In Romania With Home Prices Above EUR1,000/Sqm

14:04, 08 Mai 2017
Constanta becomes the fourth large city in Romania where home prices exceed the threshold of EUR1,000 per square meter, with the Imobiliare.ro index registering an increase of 2.1% in April, to EUR1,013 per sqm, from EUR992 per sqm, according to a statement released on Monday.

BNR Exchange Reference Rates of May 8

13:31, 08 Mai 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Hili Ventures Acquires ART Business Centre Through Premier Capital

16:44, 05 Mai 2017
Maltese group Hili Ventures has acquired, through its division Premier Capital, the building ART Business Centre, from FBC Exclusiv Company, according to law firm Suciu Popa, which assisted the transaction.

BNR Exchange Reference Rates of May 5

16:41, 05 Mai 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

BNR Exchange Reference Rates of May 4

13:08, 04 Mai 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

BRD Group Net Profit 4.5-Fold Higher In 1Q/2017, At RON330M

12:13, 04 Mai 2017
BRD group on Thursday said it ended the first quarter of 2017 with a net profit of RON330 million, 4.5-fold higher than in the year-earlier period, due to a net cost of positive risk, underpinned by improved net interest income and a tight grip on operating expenses.

Autovit.ro: Romania’s Auto Market Had, In First 3 Months, The Most Dynamic Quarter In Last 8 Years

23:44, 03 Mai 2017
Romania’s auto market registered, in January- March 2017, the most dynamic quarter of the last eight years, according to an analysis by Romanian car fair operator Autovit.ro.

Bucharest Stock Exchange’s BET Index Places 2nd In The EU, After 16.1% Rise In Jan-April 2017

23:43, 03 Mai 2017
The BET index, which tracks the twelve most liquid shares on the Bucharest Stock Exchange (BVB), rose 16.1% in January-April 2017, placing it second in the EU, after Poland’s index which increased by 22.02%, according to BVB’s April report released on Wednesday.

Eurostat: Romania Registered Fewest Temporary Employees In EU In 2016

15:18, 02 Mai 2017
Romania registered the fewest employees aged 15 to 64 employed under a temporary contract in the European Union (1.4%), while Spain (26.1%) and Poland (27.5%) were at the opposite end of the scale, according to Eurostat.

BNR Exchange Reference Rates of April 28

13:09, 28 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Dacia 2016 Turnover Up 8.35% To EUR4.6B

19:03, 26 Apr. 2017
Renault-owned carmaker Automobile Dacia registered a turnover of EUR4.6 billion (RON20.765 million) in 2016, up 8.35% from EUR4.2 billion in 2015, according to the management report released on Wednesday.

Study: Only 3% Of Total Romanian Companies Are The Engine Of Country’s Economy

15:22, 26 Apr. 2017
Only 3% of total Romanian companies represent the engine of the country’s economy and half of them are in dire straits, according to the third edition of a study by insolvency practitioner Casa de Insolventa Transilvania (CITR) Group regarding the evolution of impact companies between 2013 and 2015.

Lulache No Longer Member Of Nuclearelectrica Board Of Directors, Keeps GM Position By September

17:39, 25 Apr. 2017
Daniela Lulache, the general manager of Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) since 2013, was not reconfirmed as a member of the company's Board of Directors but will keep the general manager position by September 1, according to the decision of the shareholders.

Raiffeisen Bank Lent Over EUR350M To SMEs Under JEREMIE Program

16:47, 25 Apr. 2017
Romanian lender Raiffeisen Bank granted loans of more than EUR350 million to small and medium-sized enterprises (SMEs) via the Joint European Resources for Micro to Medium Enterprises (JEREMIE) program, the lender said in a statement Tuesday.

BNR Exchange Reference Rates of April 25

13:10, 25 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

OMV Starts Arbitration Proceedings Against Romanian State For Recovering EUR34M Environmental Costs

19:54, 24 Apr. 2017
Austria's OMV, owner of OMV Petrom (SNP.RO), initiated arbitration proceedings against the Romanian state at International Court of Arbitration in Paris for recovering environmental costs worth EUR34 million, OMV said in its 2016 annual report.

Coldwell Banker: Over 25,000 Homes Under Construction In Romania’s Main Cities

14:11, 24 Apr. 2017
Over 25,000 housing units are under various stages of development and are due to be delivered in 2017 in Romania’s main regional residential markets, such as Bucharest – Ilfov, Cluj – Napoca, Sibiu, Brasov and Constanta, according to a study by real estate consulting firm Coldwell Banker Romania.

Praktiker Romania Owner Buys Company’s Stores In Ploiesti And Constanta

13:48, 24 Apr. 2017
Businessman Omer Susli, owner of do-it-yourself retailer Praktiker Romania, bought the stores it operated in Ploiesti and Constanta cities, through a loan from CEC bank.

BNR Exchange Reference Rates of April 24

13:18, 24 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Bucharest Appeals Court OKs Merger Between Banca Comerciala Carpatica And Patria Bank

11:27, 24 Apr. 2017
The Bucharest Court of Appeals approved the merger between Banca Comerciala Carpatica and Patria Bank, on April 21, allowing the two banks to complete, in the coming period, the procedural and operational stages needed for the implementation of the merger, Patria Bank said in a statement on Monday

BNR Exchange Reference Rates of April 21

16:21, 21 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Enel Launches Natural Gas Supply Services For Residential Customers In Romania

14:49, 21 Apr. 2017
Italian utility group Enel has entered the Romanian natural gas supply market for residential customers, who can opt for a single electricity and natural gas supplier, the company said in a statement Friday.

Dent Estet Turnover Up 20% To EUR6.8M In 2016

13:54, 20 Apr. 2017
Dental clinic chain Dent Estet reported a turnover of EUR6.8 million in 2016, up 20% on the year, due to the increase of the number of patients and the requests for complex treatments, dental prosthesis and implantology.

BNR Exchange Reference Rates of April 20

13:47, 20 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

BNR Exchange Reference Rates of April 19

14:23, 19 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Eurostat: Romania Posts Lowest Annual Inflation Rate In EU In March 2017

14:16, 19 Apr. 2017
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.

Vast Resources Acquires Control Over Sinarom Mining Group SRL, Owner Of Manaila Polymetallic Mine

14:13, 19 Apr. 2017
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.

Dacia Registrations In EU Up 9.9% In January-March 2017

12:49, 19 Apr. 2017
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.

BNR Exchange Reference Rates of April 18

14:42, 18 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

Albalact To Be Delisted From Bucharest Stock Exchange

11:35, 18 Apr. 2017
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.

BNR Exchange Reference Rates of April 14

13:16, 14 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

BNR Exchange Reference Rates of April 13

13:58, 13 Apr. 2017
Following is the Romanian National Bank exchange rate chart for the Romanian leu.

OMV Petrom Hydrocarbon Production Flat On Year In 1Q/2017

16:59, 11 Apr. 2017
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

Destatis – Labor Costs Rose 10.6% In Romania In 2016, The Highest Growth Rate In The EU

15:14, 11 Apr. 2017
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).