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Banca Transilvania to start share buyback program

Finance February 22, 2017 09:32 0 comments

Banca Transilvania, the second biggest lender by assets in Romania, is planning to purchase up to 10 million of its own shares as part of a buyback program that was approved by shareholders last April.…more »

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Klaus Iohannis approves 2017 budget, asks government to be responsible

Finance February 16, 2017 16:28 0 comments

President Klaus Iohannis said on Thursday afternoon that he approved the public budget for 2017 and the social insurance budget, but warned that the revenues projected by the government are “overestimated”, while the planned expenses…more »

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ANAF’s January tax collection rate from large contributors stands at 121 percent

Finance February 15, 2017 14:50 0 comments

The National Agency of Fiscal Administration (ANAF) doesn’t have at the moment issues in collecting taxes and contributions despite its IT systems being affected by glitches. Moreover, it even exceeded its revenues from big tax…more »

negative inflation

Romania’s annual inflation posts positive rate in January, consumer prices up by 0.1 pct

Finance February 15, 2017 11:12 0 comments

The annual inflation rate was in positive territory in January, while the consumer prices went up by 0.1 percent compared with January 2016, on the back of the rise in prices of the food merchandises…more »

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President Iohannis: The 2017 budget voted by Parliament seems “problematic”, “risky”

Finance February 14, 2017 13:55 0 comments

Romanian president Klaus Iohannis claims that there are some issues with the budget voted by MPs and that he will decide in the next days if he approves it or sends it back to Parliament…more »

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Romanians protesting against corruption | Can the blockchain help deliver transparency?

Finance February 14, 2017 12:03 0 comments

With hundreds of thousands of Romanian having protested in the past two weeks against the current government, after it pushed and later repealed controversial amendments to the Criminal Code that would risk undermining the country's…more »

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Romanian economy grows by 4.8 pct in 2016, says flash estimate of INS

Finance February 14, 2017 11:06 0 comments

Romania’s GDP went up by 4.8 percent in 2016 compared with 2015, after an increase of 4.7 percent on gross series (4.8 seasonal adjusted) in the last three months of 2016 compared with the same…more »

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Romania lost close to EUR 1 bln worth of EU funds on transport under 2007-2013 budget

Finance February 13, 2017 16:20 0 comments

Romania lost the most European funds during 2007-2013 period in the Operational Sectorial Transport Program. The public authorities were not able to attract EUR 973.1 million just in this segment, according to official data. On…more »

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FDI to Romania climbs to 8-year high of EUR 4 bln in 2016

Country Investment Reviews February 13, 2017 14:43 0 comments

The amount of foreign direct investments in Romania reached close to EUR 4.1 billion in 2016, which was an increase of 18 percent year-on-year, according to data by the National Bank of Romania (BNR). Last…more »

European Commission

EC: Romanian economy to grow by 4.4 pct of GDP this year, below government estimates

Finance February 13, 2017 12:55 0 comments

The European Commission, the executive arm of the European Union, said in its Winter 2017 economic forecast that Romania’s economy grew by 4.9 percent of GDP last year – a new post-crisis high – and…more »