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BUSINESS

CNP upwardly adjusted its 2014 GDP projection to 2.6 pc

CNP

National Commission for Economic Forecasting (CNP) is expecting an economic growth of 2.6 percent this year and 2.5 percent for 2015, according to the latest estimates, similar to those advanced this May of 2.5 percent in 2014, respectively 2.6 percent ...

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Romania drew 311 foreign investment projects in 2009-2013 crisis period

invest

Europe’s?emergence?from?recession?was?reflected?in?its?Foreign Direct Investment (FDI) performance last year. In fact, 2013 turned out to be a record year for European FDI, with the number of inward investment decisions reaching an all-time high of 3,955. This represents a 5 percent gain over ...

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Romania climbs to the 52 position in the Paying Taxes 2015 rankings

due date

Romania jumps to the 52 position in the Paying Taxes 2015 report carried out by PwC and the World Bank (WB), which measures the ease of paying taxes in 189 economies worldwide for an average sized company, a press release ...

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U.S. Chargé d’Affaires: For Romania the key word is ‘investment’

Investment

Proprietatea Fund showcases domestic companies to investors with over USD 700 bn assets under management during Analyst and Investor Days event.   More than 150 local and international institutional investors from the United States of America, United Kingdom, United Arab ...

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Prince Alwaleed’s KBW Investments get 50 pc of Arcadia Romania

seic

KBW Investments formalized the completion of a 50 percent acquisition of Arcadia Engineering, an engineering firm with existing operations in Romania and Brazil, in a signing ceremony in Dubai, tradearabia.com informs, quoting a press release. Prince Khaled bin Alwaleed, founder ...

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EU funds of EUR 260 M for Romanian highways

autosttrazi

European Commission (EC) supplemented the funds to Romania for the construction of highways with over EUR 260 million from Cohesion Funds, a press release informs. According to Corina Cretu, European Commissioner for Regional Policy, Brusells authorities decided on November 19, ...

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AFI Palace Cotroceni, valued for more than EUR 400 M

AFI Park & AFI Palace Cotroceni

The Net Operating Income of the AFI Europe portfolio in Romania increased to more than EUR 27 M in the first 9 months of 2014.   AFI Palace Cotroceni shopping mall in Bucharest was valued as of September 30, 2014 ...

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Romanian underground renews its fleet with 8 more trains from Spain’s CAF for EUR 47 M

caf

The Bucharest Subway continues to expand and modernize, including through the purchase of high-performance rolling stock. Metrorex, Romanian underground operator, will extend the contract for the supply of metro trains from the Spanish firm CAF – Construcciones y Auxiliar de ...

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IMF-EC delegation to pay official visit in Bucharest next month

IMF

The discussions target 2015 budget draft. A joint mission of experts from the International Monetary Fund (IMF) and European Commission (EC) will be in Bucharest during December 2-10 to discuss with the Romanian authorities the budget draft for 2015, Ministry ...

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