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Romania's public debt should stay below 60% of the gross domestic product, or even 55%, and the country's budget deficit should return to below 3% within a reasonable time frame,central bank governor Mugur Isarescu told a press briefing after the bank's policy meeting Wednesday.
Developments in the pandemic continue to generate considerable uncertainties and risks to the inflation outlook, at least in the short run, amid a considerable slowdown in vaccination and the spread of the more contagious (Delta) coronavirus variant, Romania's central bank said in a statement.
The European Commission expects Romania's economy to grow 7.4% this year and 4.9% in 2022, following better than expected first quarter performance.
Romania ranks third in the region of Central and Eastern Europe (CEE) with over 300 sustainable real estate projects during the 2010-2020 period.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, dropped to 1.49% a year on Wednesday (July 7), after stagnating at the 1.53% threshold.
Romanian software solution provider Wizrom Software had a turnover of RON28 million in 2020, 3.8% higher on the year, and a net profit of RON2 million, up 18% compared with 2019.
Private healthcare operator Gral Medical, the sixth largest on its market by turnover, reported a turnover of EUR25 million in the first half of 2021, up 50% from the year-earlier period.
Romania's central bank on Wednesday decided to hold the benchmark interest rate at a record low of 1.25% a year, despite rising inflation.
A survey by the American Chamber of Commerce in Romania (AmCham Romania) shows that three quarter of US investors in Romania expect increases in revenue in 2021.
Raiffeisen Bank and the European Bank for Reconstruction and Development (EBRD) will extend a syndicated loan totaling EUR37.55 million to Romanian retailer eMag, under an agreement signed Tuesday in Bucharest.
Bit Soft, a company developing and distributing integrated end-to-end solutions for the hospitality industry, has raised EUR1.5 million through a private placement of bonds, maturing in 2025 and bearing an interest rate of 5.5%.
CITR, the leading insolvency practitioner in Romania, part of Impetum Group, was appointed by the Bucharest Court as judicial administrator of Compania Municipala Consolidari, upon a request by creditors to open insolvency proceedings.
Codrut Nicolau has taken over as the new country manager of Edenred Romania, which issues benefit vouchers for employees, starting July 2021.
Economy Minister Claudiu Nasui said in a Facebook post that salt company Salrom, the only salt producer in the country, which is 51% owned by the Romanian State and 49% held by property restitution fund Fondul Proprietatea 49%, would be listed on the Bucharest Stock Exchange in orderf to fund its investments easier.
Builder Arcada Company almost tripled profit from the RON41.1 million of 2019 to RON110.6 milion in 2020, Finance Ministry data show.
The COVID-19 crisis was less severe than bankers feared, and the current scenario is even better than their most optimistic expectations.
A 0.16% stake in lender Banca Transilvania (TLV.RO) changed hands on the stock market Tuesday for RON24.4 million.
The media market in Romania shrank 3.8% in 2020, to EUR462 million, due to the coronavirus pandemic, but, the second half of 2020 and the beginning of 2021 show a strong comeback, with the market being expected to exceed half a billion euros (EUR514 million) in 2021, 11% higher than in 2020 and 7% higher than in 2019, per the Media Fact Book annual report by media agency Initiative Romania.
CEZ Romania, one of the largest players in the field of electricity supply and distribution, said it was planning to access European Union funds, through all programs available, in the amount of EUR500 million, adding it already submitted the list of projects to the energy ministry.
Superbet, the largest sporting bets operator in Romania, with over 1,000 agencies across the country, has opened a new location within the City Gate project in Bucharest in a transaction assisted by real estate consulting company Cushman & Wakefield Echinox.20531 items