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BUSINESS

Adrian Tanase, the new General Manager of the Bucharest Stock Exchange

bvb

The new General Manager of the Bucharest Stock Exchange (BVB) is Adrian Tanase, the Investors Club has announced in a release on Tuesday. “In a sensitive context for Romania, characterized by the decrease in foreign investments caused by the unpredictability ...

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Romania improves its position regarding the ease of paying taxes

ease of paying taxes

Romania climbed 8 ranks, up to the 42nd place in the PwC Paying Taxes 2018 global index, which measures the ease of paying taxes for a typical company in 190 countries around the world, a press release informs. “This is ...

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3-month ROBOR Index up to 2.20pc

robor index

The 3-month ROBOR Index, the average interest rate on which Romanian banks borrow from each other, has reached on Tuesday the level of 2.20%, up from 2.19%, the National Bank of Romania (BNR) informs. The level is the same as ...

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How much do the employees in the business services industry earn?

business services industry

Flexible working hours, additional free days and the possibility to work from home are some of the main benefits received by employees of the Romanian business services industry, according to the study “Romania 2017 – Salary Guide Business Service Centers“, ...

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Rural Romania – Rural consumers’ profile: 46pc own a car, 63pc have smartphones, 70pc have a bank account

rural store magazin

A general profile of rural consumers, conducted by consulting firm Nielsen, reveals that they are 41 years old on average, 68% are employed, 73% are married, they go shopping three times a week, 46% own a car, 63 % have ...

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Wizz Air is expanding its network in Sibiu

wizz air sibiu

Wizz Air, the largest low-cost airline in Central and Eastern Europe, will further expand its Sibiu operations, adding a second Airbus A320 aircraft to its local fleet in June 2018, a press release informs. At the same time, Wizz will ...

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Philip Morris starts HEETS production in Romania

Philip Morris

US tobacco giant Philip Morris announced the start of manufacturing HEETS, the tobacco units used with the electronic tobacco heating device IQOS in its facility in Otopeni, near Bucharest, as a press release shows. By the end of 2018, Philip ...

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Fitch expects a marginal improvement in terms of profitability in Romanian banking sector

fitch

The banking sector outlooks in central and eastern Europe (CEE) in 2018 are stable, “Fitch 2018 Outlook: CEE Banks” shows. Solid economic momentum and wage growth, low unemployment, acceleration in EU fund disbursements and a growth upswing among eurozone trading ...

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Historical gas discovery in North East Romania. Prospex Oil & Gas starts drilling in the Bainet well onshore

prospex

The shares of UK-based Prospex Oil and Gas, listed on the London Stock Exchange, rocketed around 40 percent early Monday, after the investment company reported a commercial gas discovery in Romania, following Bainet exploration onshore. According to company’s announcement, it’s ...

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