Social/Politics
Romania Pledges To Select Buyer For CFR Marfa On June 21; Deal Completion Conditional On Meeting All Contract Requirements
Romania pledges to select a buyer for a majority stake in state-owned freight railway carrier CFR Marfa on June 21, while highlighting that the completion of the transaction depends on meeti...
AmCham Concerned About Emergency Decree Taxing By 85% Managers' Severance Pay
The Romanian business environment is concerned about the lack of clarity of a Government emergency ordinance taxing by 85% severance pay granted to managers and executive board members, the...
van Groningen Says Demand For Foreign Currency Loans Remains High
The chief executive of Raiffeisen Bank Romania Thursday said that local demand for foreign currency loans remains high despite restrictions imposed by the central bank in a move to limit the...
World Bank Raises Romania's 2013 GDP Growth Forecast To 1.7% In 2013
The World Bank forecasts Romania’s gross domestic product will increase 1.7% in 2013, followed by a 2.2% growth next year, according to the bank’s Global Economic Prospects report published...
ZF Bankers Summit ’13: Only Energy, Agriculture, Public Administration And EU-Funded Projects Are Bankable
Bankers are awaiting the return of economic growth before genuinely restarting lending, but they admit there are good some businesses worth more attention, even at this time, when there are...
Road Infrastructure In 2013: 140 More Km Of Highway On Paper
Almost 140 km of highway costing around EUR930 million have 2013 as a completion deadline, shows a ZF analysis based on data provided by the National Highways and Roads Company in Romania (C...
Foreign Investors Council In Romania Has New Head
Mihai Bogza, chairman of lender Bancpost, is the new president of the Foreign Investors Council (FIC) in Romania and replaces Steven van Groningen, whose second term as FIC head ended on May...
Calafat-Vidin Bridge To Be Inaugurated Friday, June 14
The road-rail bridge over the Danube linking Calafat (Romania) to Vidin (Bulgaria) will be inaugurated Friday, June 14, the Government said Wednesday.
Ghetea: Household Lending In Romania Currently Risky
Household lending in Romania is highly risky at the moment as financing requests generally come from people in dire straits, CEC Bank president Radu Ghetea said Wednesday at ZF Bankers Summi...