Money - Business Review

Money

"bank"

Key move. BNR appoints Arion Negrila as vice-president of risk at BCR Banca pentru Locuinte

Banking October 18, 2017 10:13 0 comments

The National Bank of Romania (BNR) approves the appointment of Arion Negrila as vice-president of risk at BCR Banca pentru Locuinte, said this Wednesday Banca Comerciala Romana (BCR). Previously, Negrila served as senior executive director…more »

M&A alert. EBRD buys 13 percent stake in Agricover

Agriculture October 13, 2017 12:21 0 comments

The European Bank for Reconstruction and Development (EBRD) confirmed today that it will become a shareholder in the Romanian agribusiness company, Agricover Holding, taking over 13 percent stake. The parts signed an agreement today that…more »

Minister Plumb and commissioner Thyssen discuss EU funds projects in Romania

Finance October 12, 2017 10:33 0 comments

Project based on the Social European Funds could be implemented in Romania, as the European Funds delegate minister, Rovana Plumb, discussed with the European commissioner for employment, skills and labour mobility, Marianne Thyssen. “People investment…more »

Wages in private sector up on average by 5.1 pct in 2017, PwC study says

News October 11, 2017 15:51 0 comments

Wages in the private sector went up on average by 5.1 percent in 2017, according to the study PayWell Romania, from PwC, on a sample of 100 private companies from financial-banking, pharma, industrial, retail and…more »

Jan 2018 treasury bonds

Finance Ministry issues bonds worth EUR 1 bln on international markets

Finance October 11, 2017 14:50 0 comments

The Finance Ministry has issued bonds this Tuesday worth EUR 1 billion on international markets, relaunching the 10-year issue, according to Reuters. The auction was made on a coupon of 2.375 percent and a spread…more »

negative inflation

Romania’s inflation rate reaches 1.8 percent in September, says INS

Finance October 11, 2017 11:28 0 comments

The annual inflation expanded to 1.8 percent in September compared to the 1.2 percent rate in August, according to the National Institute of Statistics (INS). “Compared to September 2016, the consumption prices increased by 1.8…more »

S&P reconfirms Romania’s sovereign rating

Finance October 10, 2017 10:19 0 comments

The Standard & Poor’s ratings agency reconfirmed that Romania’s long and short term national debt is rated BBB-/A-3, which means that for now they have adequate conditions to meet the country’s financial commitments, but with…more »

home insurance

Over 80 pct of the Romanian houses are not insured

Insurance October 09, 2017 16:28 0 comments

Over 80 pct of the Romanian houses are not insured, taking into account that Romania has a wide range of risks such as earthquake, floods, landslides, according to the Pool of Insurance Against Natural Disasters…more »

Hidroelectrica

Energy Ministry prepares the draft bill on Hidroelectrica’s 10 pct stake sale in IPO

Stock Exchange October 09, 2017 15:23 0 comments

The Energy Ministry has prepared a draft bill on Hidroelectrica’s listing of a 10 percent stake in an Initial Public Offering (IPO). The bill which is debated in the Energy Ministry will change thus the…more »

Sphera Franchise Group aims to list 25 pct of its shares for IPO

Stock Exchange October 09, 2017 12:40 0 comments

Sphera Franchise Group SA, comprising the companies that own the brands KFC, Pizza Hut and Pizza Hut, announced today the intention of floating 25 percent of its shares on an IPO on Bucharest Stock Exchange…more »