Exchange rates: EUR: 4.6595 RON; USD: 3.7306 RON; CHF: 4.0452 RON; GBP: 5.2498 RON; 100HUF: 1.4962 RON; PLN: 1.1207 RON; TRY: 0.9946 RON *** +++ *** Bucharest Stock Exchange (BVB)>>> Main Market: BET: 8,328.50 (+0.84%); BETPlus: 1,248.24 (+0.82%); BET-FI: 41,779.95 (+0.44%)

By Edwig Ban
The National Institute of Statistics (INS) reports that Romania's GDP grew last year by 7% over the previous year. It is the highest economic growth in the last 10 years and the highest compared to all the states of the European Union.
INS shows that Gross Domestic Product in Q4 2017 was, in real terms, by 0.6% higher, as compared to Q3 2017; as against the same quarter of 2016, Gross Domestic Product recorded an increase of 6.9% for unadjusted series and 7.0% for seasonally adjusted series.
In 2015, Romania recorded GDP growth of 4.3%, in 2016 by 5.0%.
The ... Read more »
... more
Date: 14 February 2018 |


By Emea Riga
The Transgaz National Gas Transport Company and Slovakian similar company, Eustream announced the signing of a memorandum of understanding regarding the development of the Eastring gas transport corridor on the two countries' territories, according to a press release of Transgaz sent to the Bucharest Stock Exchange (BVB) on Monday.
The memorandum was signed by the General Manager of Transgaz, Ion Sterian and Rastislav Nukovic, General Manager of Eustream.
By signing the MoU, among other provisions, the parties also express their agreement for the joint cooperation with the other transport systems operator ... Read more »
... more
Date: 12 February 2018 |


By Edwig Ban
The National Bank of Romania (BNR) has decided to raise the monetary policy rate to 2.25% per annum, from 2% per annum, starting on February 8, 2018, according to a press release of the Central Bank of Romania.
The institution also decided to increase the interest rate on the deposit facility to 1.25% per annum from 1% per annum and the lending facility at 3.25% per annum from 3% per year.
Another decision is to keep current levels of minimum reserve requirements applicable to the creditor and foreign currency ... Read more »
... more

Date: 07 February 2018 |


By Emea Riga
The National Agency for Mineral Resources (ANRM) launched in public debate a draft order for the modification of the methodology for setting the reference price for natural gas, according to which the levies due to the state budget by the producers, which take into account the gas price at the Austrian scholarship.
Thus, the reference price for natural gas extracted in Romania is set monthly based on a formula that includes the average price of transactions made in the month preceding the period for which the reference price is calculated at the Central European Gas Hub (CEGH) AG, the hub operator Baumgarten, ... Read more »
... more
Date: 05 February 2018 |


By Andra Beltz
Chevron oil company will pay 73,450,000 USD to the National Agency for Mineral Resources (ANRM), following the termination of three oil concession agreements without complying with the financial obligations under the Oil Law, the Government informs in a statement.
According to the cited source, the ruling belongs to the International Court of Arbitration of the International Chamber of Commerce in Paris (ICC Paris), the most important international commercial arbitration institution, which was asked to rule in the dispute between Chevron and ANRM.
'According to the deci ... Read more »
... more

Date: 05 February 2018 |


By Emea Riga
The Romanian winter economic forecast, published in early February by the National Prognosis Commission (CNP), shows a 6.1% increase in Gross Domestic Product (GDP) this year, after the CNP predicted economic growth in the autumn only 5.5% for 2018.
For the next three years, the CNP maintained GDP forecasts at 5.7% in 2019 and 2020, respectively, to 5% in 2021. The construction sector will become the main driver of GDP growth, ahead of the industry over the period 2018-2021 . This prefigures the government's policies on the development of major infrastructure, road, rail and maritime.
The trade balance ... Read more »
... more
Date: 04 February 2018 |


By Jerom Bolt
The Defense Minister Mihai Fifor says that the Romanian Naval Forces will be equipped with three submarines, through an Army endowment project to be presented to the Supreme Defense Council and the Parliament. Fifor estimates that the program for the three submarines could begin in 2020. He made these statements on Friday, aboard the frigate 'King Ferdinand'.
He specified that this would be another major program to endow the Army, besides the one with the realization of the four multifunctional corvettes and the modernization of the King Ferdinand and Queen Mari ... Read more »
... more
Date: 02 February 2018 |

>>> Romania ranks before other countries like Poland (45), Bulgaria (47), Belgium (52), Hungary (55), Spain (60), France (71) or Italy (79)

By Emea Riga
Romania ranks 37th out of 180 in the ranking of the most free economies in the world, up two positions compared to last year. This is the report released on Friday by the Heritage Foundation, a reputable economic analysis organization in Washington.
According to the Index of Economic Freedom in 2018, Romania ranks 19th out of the 44 sta ... Read more »
... more

Date: 02 February 2018 |


By R. Constantin
The Government of the Netherlands and the companies of this state in Romania show their defiance to our intelligence and experience in all fields. The Netherlands is the most perversely player in the bilateral relations of Romania.
On the one hand, she criticize that we have no performance in the economy or in justice. On the other hand, Stella Ronner Grubacic, Ambassador of this country to Bucharest, is the star in the Romanian scandal press. She spent the winter holidays along with the most corrupt businessman in Romania. The Bucharest press says the ambassador lady also has friendship with the person in que ... Read more »
... more
Date: 30 January 2018 |


By Edwig Ban
Romania received 45.7 billion euro in EU funding over 2007 - 2017, which accounts for an annual average of 2.8 percent of GDP; considering also Romania's contribution to the EU budget, net inflows of European funds stood at 30.4 billion euro, or a yearly average of 1.8 percent of GDP, governor of the National Bank of Romania Mugur Isarescu told a conference on Monday.
He voiced his conviction that the absorption of European funds should be systematically targeted for large scale development projects that should be prioritized in such a way as to support sustainable economic growth. Infrastructure investments ... Read more »
... more
Date: 29 January 2018 |

1 2 3 ... 22 23 »
Contact
The Romanian Business Journal
Constantin Radut
Editor in Chief
031726 Bucharest, Romania

+40 725 511 887 office.rbjournal@gmail.com www.rbj.ucoz.ro
Mirum