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Romania

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ACEA:  Romania Posts Highest Growth In EU Car Sales In May
Automotive

ACEA: Romania Posts Highest Growth In EU Car Sales In May

New passenger car registrations in Romania rose 46.1% in May to 6.001 cars, the sharpest growth on EU market, while Dacia is among top car brands in Europe by sales increase.

Gabriela Stan · 17.06.2014 · 12:28 · 1 min
Romania Won’t Be Affected By Russian Gas Supply Issue - Energy Minister
Energy

Romania Won’t Be Affected By Russian Gas Supply Issue - Energy Minister

The Romanian population will not be affected if Russia halts gas supplies to Ukraine as the country has stored enough gas, while local production is higher than consumption, according to Raz...

Gabriela Stan · 16.06.2014 · 13:14 · 1 min
BNR: Remittances From Germany, USA Exceed Those From Spain In 2013
Banks-Insurance

BNR: Remittances From Germany, USA Exceed Those From Spain In 2013

Romanians working in Germany and the United States transferred more money home in 2013 than those working in Spain, more numerous but poorly qualified and with lower salaries, while Italy ke...

Gabriela Stan · 12.06.2014 · 17:24 · 1 min
Abris Capital Partners Might Invest Over EUR100M In Romania In Next 2 Years
Banks-Insurance

Abris Capital Partners Might Invest Over EUR100M In Romania In Next 2 Years

Private equity fund Abris Capital Partners, which already acquired Romanian courier services providers Urgent Curier and Cargus, might invest over EUR100 million in Romania, of the EUR450 mi...

Gabriela Stan · 12.06.2014 · 15:41 · 1 min
E&Y: Romania Has All Ingredients To Draw More Investments
Banks-Insurance

E&Y: Romania Has All Ingredients To Draw More Investments

Romania currently has all the ingredients to attract more investors, but the foreign capital flow will not face an important growth sooner than in two years, according to Mihai Pop, E&Y mana...

Gabriela Stan · 12.06.2014 · 15:25 · 2 min
Inditex Posts EUR25M Profit In Romania In 2013
Retail&Consumer

Inditex Posts EUR25M Profit In Romania In 2013

Spanish fashion retailer Inditex registered sales of over EUR175 million in Romania in 2013, 16% higher on the year, while its profit was at EUR25 million, the company said in a statement.

Gabriela Stan · 10.06.2014 · 16:05 · 1 min
Broadband, Worth EUR3.5B Of Romania’s GDP, Might Reach EUR8B In 2018
Technology &Telecoms

Broadband, Worth EUR3.5B Of Romania’s GDP, Might Reach EUR8B In 2018

Broadband, which currently contributes by approximately EUR3.5 million to the local economy, might reach EUR6 billion by 2018, considering the current broadband adoption rate, and EUR8 billi...

Gabriela Stan · 10.06.2014 · 15:47 · 1 min
Opus Land To Invest EUR10M In Second Residential Project In Romania
Real Estate

Opus Land To Invest EUR10M In Second Residential Project In Romania

Real estate developer Opus Land Development will invest EUR10 million in its second residential project in Romania, that will be located in Bucharest, on a 2,300 square meters plot of land,...

Gabriela Stan · 29.05.2014 · 12:59 · 1 min
Romania Mulls Introducing Highway Tax In 2015 Or 2016
Automotive

Romania Mulls Introducing Highway Tax In 2015 Or 2016

Romanian authorities might introduce a highway tax on Bucharest-Pitesti (A1) and Bucharest -Constanta (A2) in 2015, at the beginning of the rehabilitation works, or in 2016, after their comp...

Gabriela Stan · 28.05.2014 · 15:04 · 1 min