BUSINESS

Volkswagen, the group owning the Skoda brand, could soon decide on relocating the plant located in Ukraine, which has failed to meet the expectations. Volkswagen might relocate the plant to Serbia, Milenko Kostic, owner of Auto Cacak, Skoda dealer in ...

Finance Minister Eugen Teodorovici has told TVR 1 public broadcaster Tuesday evening that Emergency Ordinance 114 will be amended and that the ‘tax on greed’ will turn into an ‘incentive for diligence’, whereby the banks should finance real economy. Teodorovici ...

Romania has 48% actual absorption degree of the European funds for agriculture and rural development, is on the 6th position in the European Union, the Ministry of Agriculture and Rural Development (MADR) informs on Wednesday. The increase in 2019 in ...

Almost seven out of ten employers say they have had lower profits and turnover due to lack of employees, according to a survey released on Tuesday by the BestJobs platform. The crisis of specialists and the labour shortage on the ...

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased on Tuesday to 3.12%, up from 3.10% in the previous session, according to the figures released by the National Bank of Romania ...

The national currency has slightly appreciated on Monday against the European single currency, according to the reference exchange rate from the National Bank of Romania (BNR), up to RON 4.7525, up from RON 4.7569 per EUR last Friday. RON has ...

The new European Bank for Reconstruction and Development (EBRD) Regional Director for Romania and Bulgaria, Mark Davis, has arrived on Monday in Bucharest, the bank informs. The EBRD delegation, led by Vice-president Jurgen Rigterink and by Vice-president for Banking, Alain ...

The manager of Ford Cariova car factory, Ian Pearson, has complained again during the Auto Forum 2019 in Craiova on Monday that the major disadvantage in Romania, which is seriously affecting their investment, is the lack of road infrastructure. The ...

The Court of Auditors has identified damages worth RON 350 million and non-collected incomes of RON 932 million, following the controls carried out last year for the financial year 2017, according to the ‘Public Report for 2017’, posted on the ...

The current account deficit has increased by over 16 times in January 2019 against the same period last year, given that in this month the current account of the balance of payments registered a deficit of EUR 114 million (EUR ...