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BUSINESS

ASF: There are no reasons to increase RCA tariffs

RCA

There is no reason for price increase of the compulsory insurance policies (RCA), after lifting the tariff cap, on May 19, Misu Negritoiu, the President of the Financial Supervisory Authority (ASF) stated, digi24.ro informs. He explained that all financial indicators ...

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eMAG’s turnover in 2016, up by 45 pc. Credit card and delivery set by the customer to follow

Iulian Stanciu CEO eMAG

eMAG registered last year a turnover of RON 2.02 billion in Romania, up by 45 percent year-on-year, Iulian Stanciu (photo), CEO of Dante International, the company operating the largest online retailer in Romania announced on Wednesday in a press conference. ...

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EBRD improves Romania’s economic growth estimate for 2017. Risk of exceeding the budget deficit threshold

ebrd1

Romanian economy is expected to register a 4% growth this year, the European Bank for Reconstruction and Development (EBRD) said on Wednesday, against the 3.7% forecast released by the EBRD in November last year. It is the highest level of ...

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WB appoints new Country Manager for Romania and Hungary

wb

Tatiana Proskuryakova is the new World Bank (WB) Country Manager for Romania and Hungary, replacing Elisabetta Capannelli, who has been in this position since May 2013. Now she will be moving to Zagreb. As a press release informs, Proskuryakova, a ...

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Trade deficit up to EUR 2.3bn in Q1

budget-deficit

Romania continues to have higher imports than exports. In the first quarter this year the trade deficit increased by EUR 361.5 million as compared to the similar period in 2016. The FOB/CIF trade deficit increased to EUR 2,317 billion in ...

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Romania’s top 10 transactions in 2016 reached over USD 2.7 bn, EY shows

transactions

The 2016 estimated transaction value in Romania remained somewhat constant at USD 3.54 billion compared to 2015, while the number of transactions decreased by 8 percent, EY’s M&A Barometer reveals. Transaction value was disclosed for 44 deals, resulting in a ...

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Energy Minister says Electrica has submitted offer to take over CEZ Bulgaria. Electrica refuses to comment

transelectrica

Romanian company Electrica has submitted an offer to take over the shares owned by CEZ with the power companies in Bulgaria, Energy Minister Toma Petcu has announced In Tuesday in an interview for DC News. Contacted by hotnews.ro, the Electrica ...

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Ford Trucks’ largest HQ in Europe officially opens in Romania

Ford Trucks_inaugurare

Ford Truck chose Romania to establish its largest headquarters in Europe, which was officialy launched on Tuesday, Lisa King – Deputy General Director Ford Otosan, Ahmet Kinay – Assistant General Manager Ford Trucks, and Emrah Duman – International Markets Director ...

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