BUSINESS

Romania posted a budget deficit of 2.9 percent of GDP last year, Eurostat, the statistical office of the European Union, shows. Thus, Romania had the third-largest deficit among the 28 European Union member states and is within the parameters set ...

Netcity Telecom just got from BRD and BCR an increase of the EUR 36 million club loan obtained at the end of 2016, through a new facility of EUR 10 million, a press release informs. The loan facility will be ...

More than 2,000 trade unionists in the railway sector have started, Monday morning, on the Railwayman’s Day, a protest in front of the Transport Ministry. Their main requests are related to the adopting of the railway staff statute and decent ...

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased to 2.22% on Monday, up from 2.13% on Friday, according to the figures released by the National Bank of Romania (BNR). A ...

Minister of Public Finance, Eugen Teodorovici, met the International Monetary Fund (IMF) representatives and reiterated Romania’s commitment to keep the budget deficit below 3%. Teodorovici had at a meeting with IMF director for Europe, Poul Thomsen, in Washington D.C., vowing ...

The black market in tobacco increased by 1.6 percentage points in March 2018, as compared to January 2018, to 17.2 percent of total consumption, Novel Research study shows. Also, in the first quarter of this year, the average illicit trade ...

Fondul Proprietatea, the Romanian closed-end fund managed by Franklin Templeton Investments, sold its entire stake in Conpet, a state-owned company operating in the field of crude oil transport and listed on the Bucharest Stock Exchange (BVB). The company’s shares increased ...

A Competition Council reports reveals that French dairy giant Lactalis will have to sell LaDorna butter brand to a third-party for nine years, economica.net informs The obligation comes as a result of the takeover of Covalact, which improperly consolidates its ...

The turnover of travel agencies last year was RON 2,306 billion, of which ROL 2,067 billion of tour operators and 239,151 million of sales agencies, according to data centralized by the National Institute of Statistics (INS). The total number of ...

The number of newly established foreign capital companies decreased by 1.22 percent in the first quarter of 2018, compared to the same period of the previous year, to 1,371 units, according to the National Trade Register Office (ONRC) data. The ...