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Tag Archives: INVESTMENTS

Budget deficit of 0.51% of GDP in the first two months

The general consolidated budget went on deficit in the second month of this year, with the execution in the first two months showing a deficit of RON 5.2 billion (0.51% of GDP), down against the negative balance of RON 5.5 ...

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Cordia Romania eyes medium-term investments worth 100 million euro for residential projects

Cordia Romania takes further steps to strengthen the company`s presence on the local market by acquiring four land-plots located in North Bucharest, with the purpose of developing residential projects destined for medium and medium-high segments. “The total investment in the ...

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Telecom operators warn GEO 114 might put at risk investments and mobile communication services, EY release says

The telecom operators believe the level of taxes set for the telecom industry by Emergency ordinance 114/2018 may put at risk the investments in developing the electronic communication networks as well as the mobile communication services, Alex Milcev with EY ...

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Developers to deliver around 1.2 million square meters of industrial, retail and office spaces in 2019, a new record for the local market

The local real estate market has entered a new year of development on all its major segments, as investors plan to deliver industrial, retail and office spaces with a cumulated area of ​​1.2 million square meters, a new market record. ...

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European Commission maintains 3.8% forecast growth for Romanian economy in 2019. GEO 114 – potential negative costs

In its winter forecast, the European Commission maintains estimates that Romanian economy will grow by 3.8% in 2019, the same as released last year in the autumn forecast. The anticipation for growth in 2020 remains 3.6%, a release posted on ...

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OMV Petrom: Romanian legal environment does not provide the necessary premises for an investment decision in the Black Sea

The current legislative environment in Romania does not provide the necessary premises for an investment decision in the Black Sea, in the context in which a number of tax and regulatory initiatives have been discussed and/or implemented in recent months, ...

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Two large banks in Romania are considering the postponement of investment plans, following the Teodorovici ordinance

Sergiu Manea, CEO of Banca Comerciala Romana (BCR), has said on Friday that the bank is considering the postponement of investment plans as a result of the introduction of the new tax for banks. “All the investment plans we have ...

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Railway employees eye 50% wage increase, protests ahead

The railway employees want wage increases by 50% and announce protest rally on April 4, a release from the Meridian National Trade Union Confederation reads. The Steering Committee of the Federation of Railway Transport Unions Federation in Romania (FSTFR) met ...

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