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Vacancy Rate Of Bucharest Office Space Falls Below 10%, For First Time In Last Eight Years
The vacancy rate of office space in capital city Bucharest fell for the first time in the last eight years, below 10%, to 9.8%, with vacant spaces reaching approximately 250,000 square meter...
UniCredit: Romania’s Economic Growth To Moderate, Investments To Decrease In 2017
Romania’s economic growth, which reached 4.8% in 2016, the highest post-crisis level, will moderate and investments will decrease in 2017, according to a report by UniCredit Bank.
ANRE: Electricity Distribution Tariffs For Households To Fall By 3.8% To 9.04%
The regulatory committee of Romania’s energy regulator ANRE approved, in its Wednesday meeting, a decision to cut the specific tariffs for the electricity distribution service at the lessee...
Romania’s Pharmaceutical Market Fell 4.4% In Last Year, To RON11.94B
Between July 2015 and June 2016, the value of medicines released to patients in Romania reached RON11.94 billion, down 4.4% compared with the period from July 2014 to June 2015, according to...
Fondul Proprietatea Shareholders Called On October 11 To Approve Capital Reduction
Romanian investment fund Fondul Proprietatea (FP.RO) has called for the general meeting of shareholders on October 11 to approve the capital reduction from RON9.1 billion to RON8.56 billion...
NPL Ratio In Romanian Banking System May Soon Fall Below 10%
Non-performing loans (NPLs) totaled EUR1 trillion in the eurozone, or 9,2% of the gross domestic product, while in Romania, NPLs totaled EUR10 billion, or 6,7% of the GDP, in 2014.
BNR: Bank Payment Refusals Fell By One Third In March
Romanian lenders refused to pay promissory notes, checks and notes of exchange worth 218 million lei (EUR49 million) in March 2016, which is lower by more than 30% compared with February, ac...
Meat Consumption Down 25% In The Last Five Years
Romania’s meat and cold cuts consumption fell by approximately 25% in the last five years due to the lower purchasing power, and faced a downward trend in the first half of 2014 as well, Ovi...
Hidroconstructia Sees Revenue Shrink 40%
Largest Romanian-held construction company in 2011, Hidroconstructia, posted 623.6 million lei (EUR141.2 million) revenue in 2012, down 38% year-on-year.