Found 18948 news
Romania's finance ministry has drafted an emergency decree extending a nine-month moratorium on bank loan repayments for debtors affected by the pandemic, after the previous moratorium expired at the end of 2020.
Valentin Tataru has been appointed chief-economist of ING Bank Romania, the bank announced Wednesday.
The European Commission approved on January 12 the sale of TeraSteel and Wetterbest to Kingspan Group, TeraPlast Group announced Wednesday.
Gothaer Adds Household Goods Insurance to Its Travel InsuranceGothaer Asigurari Reasigurari, the local subsidiary of the German insurance group Gothaer, announced it was adding a household goods insurance clause to its travel insurance product.
Globalworth, the leading office investor in Central and Eastern Europe (CEE), announces the appointment of Marian V. Popa as managing director for Romania starting March 1, 2021.
The foreign exchange market in Romania was animated in 2020 and registered an average daily transaction volume of EUR1.47 billion, 10.2% lower than in 2019, central bank data showed.
Romanian nuclear power plant operator Nuclearelectrica will shut down nuclear reactor 1 at the power plant in Cernavoda on Friday to Saturday night ( January 15-16, 2021) for repairs.
Romania will postpone yet again setting a calendar for euro adoption as the country doesn't meet convergence criteria and faces heightened macroeconomic imbalances due to the pandemic, the finance ministry said in a letter to parliament at the end of 2019.
The average net salary in Romania grew 2% in nominal terms and 1.9% in real terms in November 2020 compared with October 2020, to 3,411 lei (around EUR700), data from the country's statistics board showed Wednesday.
The household saving rate reached on average 16.9% (a record high) between January and September 2020, higher by 2.3 percentage points compared with the average recorded in 2019, stated Andrei Radulescu, macroeconomic analysis director with Banca Transilvania.
Romanian carmaker Dacia, owned by France's Renault, saw its market share on the local market growing to 32.4% at the end of 2020, compared with 30% at the end of 2019, the company said Tuesday.
Car production in Romania reached 438,107 units in 2020, 10.67% fewer than 490,412 units in 2019, data from Romania’s carmakers association ACAROM showed Tuesday.
Romania's Competition Council on Tuesday said it has fined the association of financial companies in Romania (ALB) and 16 member companies a total RON41.2 million (nearly EUR8.47 million) for breaching antitrust laws, by participating in an exchange of commercially sensitive information.
Romania’s economy may see an annual average growth of 2.5% between 2020 and 2022, backed by a 6.7% increase in productive investments, against the backdrop of a favorable evolution in 2019, real financing costs staying at a reduced level and implementing the programs launched by the European Union for 2021-2027, Andrei Radulescu, macroeconomic analysis director with Banca Transilvania, said in an analysis.
The assets managed by the seven private pension funds operating on Romania's mandatory segment (Pillar II) reached RON75.14 billion at the end of 2020, with RON13 billion amassed in 2020 alone.
Romania's biggest online retailer eMAG is expanding its Genius delivery service to Craiova, Ploiesti, Galati, Braila, Sibiu, Pitesti and Buzau, the retailer said Tuesday.
December was the fourth consecutive month of growth in new vehicle registrations in Romania, although the market registered an overall contraction of 22.6% for the full year, data from the country's Automotive Manufacturers and Importers Association (APIA) showed Tuesday.
DRUID, a local startup specialized in developing chatbots, has attracted new financing totaling $2.5 million in a financing round led by investment fund GapMinder with $2.2 million.
The office market in Romania contracted 36% in 2002 from a record level of 470,000 square meters registered in 2019, to just 300,000 sqm, real estate consultancy company JLL Romania said in a report Tuesday.
Retailer Profi, held by Mid Europa Partners, plans accelerated development in the next years, targeting over 2,000 stores by 2024.18948 items