Interior Ministry’s budget beefed up by 62 million lei for State Reserves to purchase uranium octoxide
The 2015 budget of the Ministry of Internal Affairs will be beefed up by 62 million lei from the budgetary reserve fund available to the...
Category : ECONOMY
Bucharest Stock Exchange at seven-year maximum
The main index of the Bucharest Stock Exchange (BVB) BET has climbed in July 2015 to its maximum in the past seven years; share trading...
Cluj-Napoca airport sees traffic up 30pct by mid-year
Air traffic at Avram Iancu International Airport of Cluj-Napoca was up 30 percent by this mid-year as compared to the same period a year ago,...
Heavy water plant union continues protest
The Free Trade Union at the Romag-Prod heavy water plant of the state-owned Nuclear Activity Autonomous Administration (RAAN) continued its protest on Monday. Union leader...
Huge tailbacks at Giurgiu-Ruse checkpoint
The Bulgarian border police have been carrying out detailed controls of all types of vehicles since Saturday, which coupled with the repair works being done...
OPCOM: Day-ahead electric power market trades 1.946 million MWh in June
The day-ahead market traded 1.946 million megawatt hour of electric power in June, up by 13.31 year-on-year, according to figures published by OPCOM, the power...
PM Ponta: Average wage rise may be countered by relaxation set by new Fiscal Code
Prime Minister Victor Ponta asserted on Friday that a rise in the average wage as indicated by the data published by the National Institute for...
Rail Reform Authority to be set up, tasked with coordinating rail network restructuring
The policy on the strategic planning of the measures required to string together the rail routes into an efficiently-manageable network will be ensured by the...
BCR posts H1 net profit of 603.4 mln lei
The Romanian Commercial Bank (BCR) posted a net profit of 603.4 million lei (135.7 million euros) after H1 2015, compared to a loss of 280.2...
Garanti Group Romania registered RON 75 million net profit in H 1 2015
Garanti Group Romania, one of the most dynamic and innovative financial Groups on the local market, registered RON 75 million net profit in the first...
Celebrities, performers and loan sharks under ANAF scrutiny
The National Fiscal Administration Agency (ANAF) has started the verification of individuals with high income with high fiscal risk, including celebrities, music performers or loan...
ANAF’s Diaconu: EC’s announcement on VAT returns confirms efforts by Romania of strengthening administrative capacity
The European Commission closed on July 15 the procedure opened against Romania for the investigation of irregularities regarding the VAT returns, reads a release by...
Petrom thermal power plant “takes advantage” of heat wave
Petrom’s thermal power plant in Brazi covered 6 per cent of Romania’s energy production in July. Halfway through this year the balance sheet of this...
Eurostat:Romania posts highest June 2015 rise in volume of retail trade among EU member states
The volume of retail trade in Romania advanced 1.7 per cent in June 2015, on a monthly basis, being the most significant rise in the...
BRD-Groupe Societe Generale’s net profit reaches 270m lei, after H1
The net profit of BRD-Groupe Societe Generale rose to 270 million lei in H1 2015 compared to 128 million lei in the same period of...
Retail trade turnover up by almost 5 pc in H1
The retail turnover increased 4.8 percent in H1 2015 from the same period of the year before, with sales of of food, beverages and tobacco,...
Eurostat: Romania, sixth in the European Union in terms of rises in the June 2015 industrial producer prices
Romania was sixth in the European Union in terms of rises in the June 2015 industrial producer prices on a monthly basis, while the same...
First month with VAT of 9 pc: Higher revenues against deflationary backdrop
This comes as a consequence of diminished tax evasion and the strengthening of the tax collection system’s capacity In July this year the National...
Electricity production up by 10.5 pc last year •Romania was a net exporter of energy
Electricity production stood at 64.863 TWh last year, approximately 10.5 per cent higher than the one registered in 2013. Romania was a net exporter of...
Gabriel Resources posts net losses of 4.6m dollars in Q2
Canadian company Gabriel Resources saw net losses of 4.6 million dollars in Q2 2015, or 0.01 dollars per share, MarketWatch reports. The cash reserves and...
IMF’s Schaechter, Tolosa: Fiscal Code as endorsed by Parliament would push deficit to 3pct of GDP
The Fiscal Code as approved by the Romanian Parliament would generate an increase of the budget deficit to 3pct of the Gross Domestic Product (GDP);...
Romanian branches receive over 568 million euros from parent banks in H1
The parent bank have capitalised their subsidiaries of Romania by 568.1 million euros in the first six months of this year, as compared to 104.46...
Finance Minister Eugen Teodorovici: Gov’t forced to consider Macroprudential Supervisory Committee’s recommendations
The National Macroprudential Supervisory Committee’s role is to issue recommendations that the Government is forced to take into consideration, but not necessarily to implement, Finance...
Traffic on the Danube restricted by drought
River traffic is restricted by the low level of the Danube downstream from Iron Gates II, at kilometre 863+358. River Traffic Authority sources stated the...
Erste analysis: The new Fiscal Code’s risks
The stipulations of the new Fiscal Code risk accelerating consumption in 2016, one of the consequences being the overheating of the economy, Erste bank analysts...
Central bank’s forex reserves drop by 959 million euros in July, to 29.152 billion euros
The forex reserves of the National Bank of Romania (BNR, the central bank) have decreased in July by 959 million euros, from 30.111 billion euros...
Intesa SanPaolo posts highest mid-year profit since 2008
Intesa SanPaolo, Italy’s second-largest bank assets-wise, posted on Friday its highest mid-year profit in the last seven years, against the backdrop in which the costs...
Foreign capital in Romania – over EUR 41.4 bln
According to the statistics published by the National Trade Registry Office (ONRC), since 1990 the value of foreign capital invested in Romanian commercial companies totals...
Farmers ask Agriculture Ministry to offset drought damage
The Pro Agro National Federation on Friday called on the Ministry of Agriculture and Rural Development for support to set up a state-aid scheme to...
PM Ponta: ANAF data shows collected taxes up RON 60 million from June 2014
Prime Minister Victor Ponta says preliminary data with the National Tax Administration Agency (ANAF) indicates collected Value-Added Tax (VAT) revenue from domestic operations for June...