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Competition Council conducts investigations on Romgaz and OMV Petrom

The Competition Council (CC) has initiated an investigation to check the conditions for gas delivery by Romgaz and OMV Petrom to their own energy producing plants, the institution informs on its website. “Within the investigation started in February, the Competition ...

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3-month ROBOR Index falls to 3.22%

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased on Tuesday to 3.22%, down from 3.26% on Monday, according to the figures released by the National Bank of Romania (BNR). Early ...

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VW investment story goes on – sources say Serbia has been chosen. Romania, out of the race (again)?

Serbian media report that car giant Volkswagen has chosen the neighbouring country for the investment in a new plant, leaving aside Romania, Turkey, Macedonia and Bulgaria. Although Romanian and Bulgaria are EU Member States and could have been favourites, ‘Večernje ...

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The most sought-after jobs in Romania earlier this year

Job applications in Romania have been up by 15 per cent in February as against January and by 18 per cent compared to the same period of 2018, reads the latest BestJobs statistics. Among the most wanted jobs in Romania, ...

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Fin Min Teodorovici sends letter to S&P, vows replacement of the tax on financial assets by an annual fixed tax

Finance Minister Eugen Teodorovici says the ‘ordinance on greed’ will be amended, in a letter sent to Standard & Poor’s rating agency at the end of last week, mentioning changes related to ROBOR Index. The minister did not publicly mention ...

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Central bank spokesperson on Romania’s gold reserves: To accuse lack of transparency means to ignore documents

The spokesperson of the National Bank of Romania, Dan Suciu, has taken stand on Monday to clear up statements related to the country’s gold reserve, a topic that has been in the pipeline in the past week, following PSD’s proposal ...

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IMMOFINANZ increases occupancy rate to record level of 96 per cent

IMMOFINANZ’s portfolio concentration on office and retail properties and the clear brand policy are producing sustainable success: The occupancy rate in the standing investment portfolio continued to improve in 2018 and, at 95.8%, reached a new record level in the ...

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OTP Bank Romania’s financial results for 2018: a 25% profit advance than in the base period

OTP Group announced an after-tax profit of RON 55.3 million (HUF 3.9 billion) in 2018, according to the report published in Budapest, which presents the consolidated result adjusted in accordance with the Group reporting standards. The bank registered a profit ...

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3-month ROBOR Index down to 3.26%

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased on Monday to 3.26%, down from 3.28% on Friday, according to the figures released by the National Bank of Romania (BNR). Early ...

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