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BNR’s Isarescu: The rise in energy prices to be seen in July inflation

Energy-prices

The latest inflation forecasts, to be formally released this Tuesday, have been revised upwards – largely driven by higher energy prices, as National Bank of Romania (BNR) Governor Mugur Isarescu announced. BNR sees the inflation increasing from 1.6 percent at ...

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UPDATE BNR keeps monetary policy on hold

monetary policy

The Board of the National Bank of Romania (BNR) decided to keep unchanged the monetary policy rate at 1.75 percent per annum and to pursue adequate liquidity management in the banking system, a press release informs on Friday. At the ...

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Logicom buys Romanian IT distributor Gemini, with positive impact on its sales

Logicom

Logicom Information Technology (LIT), which is established and distributes IT products in Romania, a subsidiary of Cypriot Logicom Group, signed a pre-sale purchase agreement for the acquisition of local IT distribution company Gemini SP, a press release informs. Gemini SP, ...

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Germany’s B. Braun expands business in Romania at Baia Mare

B. Braun Avitum

The German group B. Braun, one of the world’s leading suppliers of healthcare products, with over EUR 6.4 billion turnover worldwide last year, is expanding its business in Romania, opening a new unit of the Avitum subsidiary in Baia Mare. ...

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Eurostat: Romania, EU’s ninth beer producer in 2016

beer producer

Last year, 39 billion litres of beer containing alcohol were produced in the European Union (EU), 400 million litres more than in 2015. The EU beer production was equivalent to 76 litres per inhabitant, Eurostat, the statistical office of the ...

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ANCOM: Romanians use 756 MB of mobile internet traffic on average monthly

mobile internet

The average user of mobile telephony and mobile internet is using 756 MB per month, sends 65 national SMSs and calls 255 minutes on average from their own terminal, the National Authority for Management and Regulation in Communications (ANCOM) informs ...

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Teraplast becomes majority shareholder of Politub, ousting French Socotub

politub

Teraplast Group concluded an agreement for the purchase of the 50 percent stake held by French company Socotub in Politub, a press release informs. Until the moment of the agreement, Teraplast had 50 percent of Politub, one of the most ...

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MOL’s diesel sales in Romania, up by 12 pc in H1

mol romania

Retail fuel sales in Romania continued its strong rise. MOL’s diesel sales increased by 12 percent in the first half of the year, while its gasoline sales were 1 percent higher compared with the first half of 2016, a press ...

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BCR posts lower net profit by almost 52pc in H1

BCR1[1]

The Romanian Commercial Bank (BCR) recorded a net profit of RON 305 million (EUR 67.4 million) in the first six months of this year, by 51.9% less against the same period last year, a press release informs. “Against the same ...

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Heat wave sends electricity prices skyrocketing

electricity-consumption

The average closing price for electric power has reached on Wednesday the level of RON 397/MWh, a historic record, three times higher than in August 2010 of RON 138/MWh, reveal the data from OPCOM, quoted by Andrea Paul, INACO chairman. ...

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