Viewing posts from : March 2015
Fotolia_87524769_M

The budget surplus of Romania in amount of RON 1.5 billion

Romanian Prime Minister, Victor Ponta, said he would not rule out tax cuts before the end of this year and he has committed to maintain a budget deficit of 1.8 percent of GDP, agreed with the International Monetary Fund (IMF). Ponta’s cabinet also plans to scrap a tax on dividends from next year to make […]

read more
7546242532_ecf7056731_h

BVB intends to increase the dividend by one fourth

Bucharest Stock Exchange (BVB) intends to pay dividends in the amount of 11.18 million lei (2.52 million euros) from profit as of 2014. Compared to last year, this result is higher by more than 24%. Taking into account the stock market quotations of BVB, the dividend can bring the profit in amount of 4%. The […]

read more
Fotolia_86722933_M

BCR changes Romania’s economic growth forecast to 2.8%

Romanian Commercial Bank (BCR) raised Romania’s economic growth forecast for 2015 from 2.2% to 2.8%. The increase results from a increase in household consumption and the change in Romania’s economic growth forecast for 2016 from 2.7% to 3%. “A very low inflation rate, an improved situation on the labor market in the private sector and […]

read more
Fotolia_87524769_M

Romania’s annual inflation rate stays flat at 0.4%

Romania’s annual inflation rate was 0.4% in February 2015, similar to the all-time minimum recorded in January 2015. This means that the average prices of goods and services in Romania, included in the Consumer Price Index (IPC), went up by just 0.4% in February, compared to February 2014. The average price of services rose by 1.53% […]

read more
Fotolia_86722933_M

First investment of Carpathia Capital in Romania

According to the report, the Company acquired 450,439 of SC Bittnet Systems shares for cash with total nominal value RON 45.043,90 (the nominal value per share is RON 0.10) representing 10% of the share capital and total votes at the General Meeting of Shareholders, for a total amount of EUR 150,000 (approx. RON 665,000), which […]

read more