Romania is at the bottom of the pile in Europe in terms of innovation performance in 2016, with a decline of 14.1 percentage points from...

Raiffeisen revises up Romania economic growth forecast

Raiffeisen Research Romania analysts have revised up their forecast on Romania’s economic growth in 2017 to 4.9% due to the economic advance recorded in...

Italian group to build bridge on Romania’s A3 highway

Romania’s National Company for Road Infrastructure (CNAIR) has attributed the Italian company Tirrena Scavi the contract to build a bridge over the Somes river...

London consortium could take over Marfin Bank Romania

Local lender Marfin Bank Romania, which the Cyprus Resolution Fund has put up for sale, is about to be taken over by a consortium...

Lower salaries for Romanian National Bank managers

Members in the executive board of Romania’s National Bank (BNR), including the governor Mugur Isarescu, earn about 9% less compared to last year, after...
dividends

Bill: Quarterly dividend payments for company owners and shareholders in Romania

Company owners and shareholders will be able to withdraw dividends from companies quarterly, according to a bill approved by the Romanian Senate and sent...

Belgian group reaches EUR 100 mln shopping centers in Romania

Belgian firm Mitiska REIM, specialized in shopping center investments, has acquired 11 shopping centers and 3 projects from Alpha Property Development, a transaction that...

EBRD grants EUR 100 mln loans for home energy efficiency in Romania

The European Bank for Reconstruction and Development (EBRD) launched yesterday the ”Green Economy Financing Facility” program, aimed at increasing home energy efficiency in Romania. The...
wholesale trade

Budget deficit almost triples in Romania in May

Romania’s consolidated general budget, which includes both the state budget, as well as the pension and unemployment budgets, posted a deficit of RON 2.17...
cost of labor

Employment rate declines in the first quarter in Romania

The employment rate among people aged 20 to 64, an indicator of how economically active the population is, dropped to 66.2% in the first...

Romanian industry revives in May due to increasing orders

The industrial activity in Romania picked up in May after the April slowdown, and came close to the March level, when it reached the...

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