Telekom Romania, one of the biggest local telecom groups, has launched its first two loans in partnership with Polish lender Alior Bank. The loans are...

Retailer Penny Market expects 13% sales increase this year in Romania

Supermarket chain Penny Market, which is part of German group Rewe, reached a turnover of almost RON 3 billion (EUR 656 million) in 2017,...

Romanian entrepreneurship museum opens in Bucharest

An exhibition titled The Museum of Entrepreneurship: 100 Years of Entrepreneurship in Romania showcases the stories of 30 Romanian entrepreneurs, either from the inter-war period...

Romanian lender wants to sell EUR 350 mln worth of bonds

Romanian lender Banca Transilvania wants to sell subordinated bonds worth EUR 350 million, with a 10-year maturity and a fixed or variable interest rate. The...

Romanian central bank makes counter-proposal to interest rate ceiling draft law

Romania’s National Bank (BNR) is opposing the current draft law on ceiling interest rates for loans. The draft law proposes limiting interest rates to 2.5...

Romania pays to join Asian Infrastructure Investment Bank

Romania wants to join the Asian Infrastructure Investment Bank (AIIB) and will pay a USD 6.12 million installment this year for the membership. The country...
CFR

EC supports railway modernization program in Romania

The European Commission supports the EUR 1.13 billion railway modernization program in Romania until 2020, according to the Romanian Railways Company CFR. The EC has...

(P) The first villas that can be purchased with a green mortgage, reaching savings...

Visit Amber Gardens, the first green luxury and intelligent homes residential project in Romania, Sunday, April 22nd, between 10:00 – 17:00. Alesonor, the developer of...
cost of labor

Employment rate in Romania goes up in 2017

The employment rate for the working age population (15-64 years) in Romania reached 63.9% in 2017, up by 2.3 percentage points versus 2016, according...

Behemoth investment fund in the making in Romania

Romania might have another large investment fund, as the Romanian Senate approved on Wednesday, April 18, the proposal to create the Sovereign Development and...

Bucharest office park adds pool, running track for corporate employees

Real estate developer Genesis Property will invest EUR 1.5 million in an outdoor pool for its West Gate office park in Western Bucharest. A running...

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