Finance - Business Review

Finance

Interview Mercedes Benz: How is the private sector boosting Romania’s cultural scene

Finance July 24, 2017 16:46 0 comments BR Exclusive

It’s a fact that culture is still underfinanced in Romania, although official data shows that the Ministry of Culture’s budget has increased by 51 percent since 2016, meaning RON 766 million. It’s also a fact…more »

Interview VISA: How is the private sector boosting Romania’s cultural scene

Finance July 24, 2017 16:35 0 comments BR Exclusive

It’s a fact that culture is still underfinanced in Romania, although official data shows that the Ministry of Culture’s budget has increased by 51 percent since 2016, meaning RON 766 million. It’s also a fact…more »

EximBank finances the hemp seeds producer Canah International with RON 1 mln

Banking July 24, 2017 16:27 0 comments

State bank EximBank finances the hemp seeds producer Canah International with RON 1 million to support the company’s investments, said the bank this Monday. “We want to continue to grow, to diversify our products range…more »

commercial deficit trade deficit

Finance Ministry: Romania is within budget deficit target in 2017

Finance July 21, 2017 15:21 0 comments

The Ministry of Finance says that Romania is within the budget deficit target in 2017, under 3 percent of GDP, despite the fact that Eurostat announced that the country recorded the highest expansion of the…more »

ASF closes financial redress procedure of City Insurance

Finance July 20, 2017 16:34 0 comments

The Financial Surveillance Authority Council (ASF) has closed the procedure of financial redress of City Insurance. „Within the meeting from yesterday of ASF the situation of Insurance-Reinsurance company City Insurance S.A was discussed and analyzed…more »

commercial deficit trade deficit

Romania registers highest government deficit growth in EU in Q1

Finance July 20, 2017 15:44 0 comments

Romania registered the highest government deficit growth out of the European Union in Q1, of 1.3 percentage points, from a deficit of 1.8 percent of GDP in the last quarter of 2016 of up to…more »

ANAF: Together with Finance Ministry we’ll follow all the necessary steps to be within the deficit target

Finance July 19, 2017 15:18 0 comments

The National Agency for Fiscal Administration (ANAF) and the Public Finance Ministry will jointly follow all the necessary steps to maintain Romania's deficit target of 3 percent, said the new head of ANAF, Mirela Calugareanu.…more »

PM Tudose: Romania’s budget revision will not bring cut in investment budget

Finance July 19, 2017 11:04 0 comments

PM Mihai Tudose said that the planned budget revision will not generate a reduction of public investment funds. “You won’t see any funds cut from investments, there will actually be a revision with many positive…more »

EIB lends EUR 1 bln for Romanian transport infrastructure

Finance July 19, 2017 09:54 0 comments

The European Investment Bank has inked a EUR 1 billion loan deal with the Romanian authorities. The funds will be used to co-finance European Structural and Investment Funds priority transport infrastructure projects totaling EUR 6.8…more »

Research&Innovation Ministry signs financing contract worth EUR 41.4 mln on EU funds

Finance July 18, 2017 16:22 0 comments

Research& Innovation minister Lucian Georgescu and professor Gheorghe Popa, president of the Universities Association, have signed a financing contract worth EUR 41.4 million with minister delegated for European funds Rovana Plumb for international scientific database…more »