Viewing posts from : September 2014
8021001821_c2597ee993_h

EBRD keeps economic growth forecast for Romania

The European Bank for Reconstruction and Development (EBRD) has kept economic growth forecast for Romania this year at 2.6%, according to its most recent report. The previous report issued by EBRD in May this year indicated the same estimated GDP growth. For 2015, the EBRD expects Romania’s economy to growth by 2.8%, after a 3.5% […]

read more
Fotolia_87524769_M

Romania to have new alternative stock market platform

Companies with a market value of up to EUR 250,000 will be able to list on the Bucharest Stock Exchange on an alternative trading system, which will become functional by the end of this year, provided they list at least 10% of their shares, according to the Bucharest Stock Exchange CEO Ludwik Sobolewski. The BSE […]

read more
Fotolia_86722933_M

Romania’s exports reach record level in July

Romania’s exports reached a record level of EUR 4.8 billion in July, while the imports totaled EUR 5.29 billion, according to preliminary estimations of the country’s Statistics Institute INS. Compared to July 2013, exports increased by 6.6% in July 2014, while the month-on-month increase was of 12.7%. The trade deficit was of EUR 520.3 million […]

read more
8021001821_c2597ee993_h

Bucharest Stock Exchange to reduce trading fees

Bucharest Stock Exchange (BVB) recently announced that it will reduce trading fees starting October 1, 2014, in an effort to make the market more accessible to investors. “We are continuing our efforts and projects, aimed to the revitalization of the Romanian capital market. Many of these steps, including the improvement when it comes to the […]

read more
Fotolia_86722933_M

Fitch reconfirms Romania rating, revises economic outlook

Fitch has confirmed the rating on Romania’s non-Governmental debt on the long – term, to BBB- for foreign currency and to BBB for local currency. It kept Romania in the investment grade, but revised downwards the economic growth prognosis for this year, from 2.8% to 2.2%. The country ceiling was confirmed at BBB+, while the […]

read more