November 21, 2017

10-month budget deficit at 1.19 % 10-month

The Ministry of Finance informs by press release that the execution of the general consolidated budget after the first ten months closed with a deficit of RON 7.2 bn or 1.19 % of GDP, compared to 2.3 % … [Read more...]

“Goya, chronicler of all the wars” exhibition @ MNAR

From December 2012 to January 2013, the National Museum of Art of Romania (MNAR) hosts an exhibition displaying 82 engravings of the famous series “Disasters of War” by Spanish painter Francisco de … [Read more...]

BNR will be prudent regarding bank provisions and in 2013 – Ion Dragulin

On Friday, the manager of the Department for Financial Stability in the BNR, Ion Dragulin stated that the National Bank will keep its policy of prudential filters and in 2013, what regards the bank provisions, … [Read more...]

Romgaz takes over 10% of the hydrocarbon projects in the Black Sea

Subsidiary of the Lukoil group, Lukoil Overseas announced on Friday that it transferred 8% of the rights and obligations provided in the concession agreement for the Est Rapsodia and Trident blocks to … [Read more...]

Fiscal changes in Romania will bring new costs for companies

Starting next year will come into force the VAT payment for collected invoices leaving companies with a turnover below EUR 500,000 in need to invest in IT and staff training to implement it correctly. … [Read more...]

Innova Capital and EBRD buy in Romanian EnergoBit

Central European private equity fund Innova Capital acquired a majority in the EnergoBit Group for an undisclosed sum. EnergoBit Group is a Romanian supplier of services and equipment for electrical … [Read more...]

Xerox opens new center in Iasi

Xerox Romania inaugurated a new shared services center, located in the IDEO Business Center in Iasi. The new center will cater to European clients, where it plans to employ more than 500 people by the … [Read more...]

Romania will answer the EU Commission on banning natural gas exports

State Secretary with the Ministry of Economy, Trade and the Business Environment Rodin Traicu declared for Agerpres that the Romania authorities will send the EU Commission a plan of the natural gas supply … [Read more...]

Black Friday sales increased online stores sales by 325%

According to the PayU system, on Black Friday, online stores which have implemented promotions on 23 November 2012 registered an increase in sales of 325% from the previous day. Compared to Black Friday … [Read more...]

Traian Băsescu: Romania will receive Euro 5 billion more for agriculture subventions

Romanian President Traian Basescu stated after the extraordinary reunion of European Council Friday evening that he is sure that for the 2014-2020 budget Romanian farmers will get a gradual increase of … [Read more...]

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