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Petrotel LukOil Ploiesti refinery takes steps to avoid dissolution


Russian oil company LukOil decided in an Extraordinary General Meeting of Shareholders at end-2016 to take measures in order to avoid the dissolution of Petrotel LukOil Ploiesti refinery. Thus, Petrotel-LukOil shareholders agreed that the company not to be dissolved under ...

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BNR keeps monetary policy rate at 1.75pc


The National Bank of Romania (BNR) Board has decided on January 6 to keep unchanged the monetary policy rate at 1.75 percent per annum, to pursue adequate liquidity management in the banking system and to maintain the existing levels of ...

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New railway company enters Romanian market, vowing luxury conditions

astravag railway

AstraTranscarpatic will enter the Romania railroad market in the upcoming days to directly compete with CFR Calatori. The private company vows to introduce several luxury routes for western country and even abroad to Vienna. AstraTranscarpatic is part of the Astra ...

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Teraplast establishes a branch in Serbia to boost company’s exports


The Board of Directors of Teraplast SA, the largest PVC processor in Romania, inform its shareholders and potential investors about the decision to establish, as sole associate, a limited liability company in Serbia, the company announced through a notification sent ...

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Den Braven factory in Buftea, officially in French giant Arkema portfolio


The plant of Dutch polyurethane foam and adhesives producer Den Braven in Buftea, near Bucharest, with turnover of EUR 39 million, has officially entered under the umbrella of the French giant Arkema, Bostik brand owner, after the transfer of ownership ...

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Wizz Air carried 5.5 million passengers on Romania’s routes in 2016


Last year, Wizz Air, the largest low-cost airline in Central and Eastern Europe, carried over 5.5 million passengers on its low fare Romanian routes, which represents a 23 percent growth year on year and supports more than 4,000 local jobs ...

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2.5pc of GDP budget deficit in 2016, former Fin Min says


The deficit of the consolidated state budget was of 2.6% of GDP in 2016, below the scheduled level of 2.8% of GDP, former Finance Minister Anca Dragu has said on Thursday morning for Bloomberg, quoted by hotnews.ro. In another statement ...

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Registrations of new Dacia cars in Germany grew by 7.3 pc in 2016


Dacia car registrations in Germany rose by 7.3 percent last year to 49,124 units in a market that has advanced by 4.5 percent to over 3.35 million cars, statistics from Federal Office of Motor Vehicles (KBA) show. Romanian car brand ...

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