BUSINESS

The local industrial and logistics stock exceeded the 3 million sq m threshold, reaching 3.12 million sq. m at the end of H1 2018, according to Romania’s Industrial & Logistics Market H1 2018 report by Cushman & Wakefield Echinox. Almost ...

The GDP increased in H1 2018 by 4% as gross series against H1 2017 and by 4.2% as seasonally adjusted series, the National Statistics Institute (INS) informs. In Q2 2018 the GDP grew by 1.4% against the previous quarter. As ...

Commercial momentum continued in the second quarter of 2018 , being characterized by strong lending growth for ING Bank Romania, attracting more customers and volumes across all business lines while maintaining the bank’s acceptance criteria. The number of active clients ...

On August 13th, Bittnet has successfully closed the negotiations and signed a contract for purchasing a part of Equatorial Gaming SA. Through this operation, Bittnet will hold a 24,9989% stake in the company controlled by Romanian entrepreneur Dan Berteanu. This ...

The share of staff expenditures of the public sector in the GDP and in overall budget expenses is to reach historic highs in 2018, above the pre-crisis level, a development which will outline the vulnerability of the public finances in ...

In January – June 2018, the balance-of-payments current account posted a deficit of EUR 3,781 million, compared with EUR 3,526 million in January – June 2017; the deficit on trade in goods widened by EUR 711 million, the surplus on ...

According to the report published in Budapest by OTP Group, which presents the consolidated financial result adjusted in accordance with the Group’s reporting standards for the first half of 2018, OTP Bank Romania recorded a consolidated after-tax profit of RON ...

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased on Monday to 3.28%, down from 3.33% on Friday, according to the figures released by the National Bank of Romania (BNR). Early ...

Tarom General Manager, Werner-Wilhelm Wolff, has stated within a meeting with the local representatives of travel agencies on Friday that the national flag carrier will have internal flights to link every region of the country starting next year. „In 2019, ...

Romania has 47 retailers in 17 localities which accept Bitcoin transactions, most of the being deployed in the Capital area, says a study coinmap.org. Bucharest-Ilfov region has 15 retailers that accept Bitcoin, posting the highest density. Bitcoin is also accepted ...