Romania
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VIG Controls Nearly 40% Of Romanian RCA Market
Insurers Asirom and Omniasig, the two local companies of Austria’s Vienna Insurance Group (VIG) have an overall market share of approximately 40% on the civil liability car insurance policie...
Romania’s Factoring Market Up 35% To EUR3.65B In 2015
Romania’s factoring market rose by over 100% in the last five years, and by 35% in 2015, to EUR3.65 billion, mainly supported by SMEs sector.
GoodMills Sells Romanian Bakery And Retail Divisions To Swedish Group
Austria’s GoodMills Group, indirectly controlled by financial group Raiffeisen, has sold its Romanian bakery division and retail division Casa Brutarului (former Belforno) to Swedish group L...
Romania Continues To Be One Of Europe’s Economic Success Stories - Report
Consumer confidence is at the highest level since December 2013 in Romania, while the international business environment expects the country to be one of the five top markets this year, acco...
EC: Romania’s Financial Risks Linked To Banking Sector, Wage Growth And Fiscal Policy
Romania is experiencing no macroeconomic imbalances but there are financial risks linked to the high stock of net foreign liabilities, the vulnerabilities of the banking sector and the pro-c...
Romania’s Former EU Negotiator: We’ve Got No Industrial Policy, No Service Policy, No Agricultural Policy
Two million Romanians living abroad and having sent back home EUR60 billion. A Gross Domestic Product that went from EUR127 billion in 2007 to EUR160 billion in 2015. Exports up from EUR30 b...
Romania’s GDP Expected To Grow 4.2% In 2016 And 4.3% In 2017
Romania’s economy is expected to grow 4.2% in 2016 and 4.3% in 2017, and its budget deficit is seen reaching 2.95% of GDP in 2016 and 2.9% of GDP in 2017, according to the 2016 convergence p...
ING: Romania Might Enter Eurozone Around Mid-2020
Romania might enter the Eurozone around the mid-2020s, when GDP per capita (in terms of purchasing power standards) will be closer to the 70% of EU average – a figure also suggested by the c...
Three Businessmen Set Up First Video Games Incubator In Romania
Businessmen Catalin Butnariu, Dragos Hancu and Jaime Gine set up the first video games incubator in Romania, Carbon, which provides direct financing of up to $50,000/project, as well as pers...