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BNR meets Basel III requirements for data collection and transferring to the European Banking Authority, using the BearingPoint solution


The National bank of Romania (BNR) has implemented the standard reporting solution BearingPoint, ABACUS / Regulator, to comply with the new requirements of the European Banking Authority for data collection and remittance. Because of rapid deployment, the central bank could ...

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STS auction: RON 40m for increased interconnection capacity between IT systems of central and local public administrations


The Special Telecommunications Service (STS) has launched a new open auction for ‘Increasing the capacity for interconnection of information systems and databases of central public institutions with the information systems and databases of their territorial structures and local government structures’, ...

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OMV Petrom profit down by 56 pc last year


OMV Petrom’s net profit declined last year to less than half than the one recorded in 2013, reaching RON 2.1 billion, the company registered losses of RON 307 million in Q4, due to lower oil prices, sales down by 11 ...

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Romgaz profit up by 44 pc last year to RON 1.4 bn


Natural gas producer Romgaz (SNG) registered last year a profit of RON 1.43 billion (EUR 322 million), up by 44 percent as against 2013, while the turnover increased by 15.3 percent to RON 4.49 billion (EUR 1.01 billion), the state ...

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Gov’t wants to remove the pole tax in 2016 to encourage private investment

taxa pe stalp

The government intends to remove in 2016 the tax on special constructions (pole tax) introduced last year, which was reduced earlier this year from 1.5 to 1 percent, arguing that the measure will increase private sector investment and increase the ...

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RON 38 M in 2015 for the tube line to Otopeni Airport. 2020, the finish deadline


In 2013, UEFA Executive Committee decided that the EURO 2020 final round to be staged in 13 cities around Europe, including Bucharest. Thus, in five years, Romanian capital will host four matches of the final tournament of the European Football ...

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Romania’s uncompetitive coal mines to be closed as EC requested. Gov’t gives EUR 300 M for this


The mines Petrila, Paroseni and Uricani owned by National Hard Coal Company JSC Petrosani (CNH SA) considered to be uncompetitive, will be closed until 2018. In this context, the Government decided to allot this year a state aid amounting to ...

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Anniversary models by Dacia at the Geneva Motor Show


Dacia will present at the Geneva Motor Show in March, anniversary models to mark 10 years since the relaunch of the brand, Renault announced on Wednesday, Mediafax informs. The limited editions will involve all models, with the exception of Dokker. ...

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