BUSINESS COMPANIES ECONOMY FINANCE&BANKING

FinMin Citu: National Development Bank – part of a strategy to reorganize entire package of state-owned financial -banking companies

NINE O'CLOCKJuly 3, 2020July 3, 2020

by NINE O'CLOCKJuly 3, 2020July 3, 2020050

The planned National Development Bank (BND) is part of a strategy to reorganize all the state-owned financial-banking companies, and will allow, for instance, the accessing...

BUSINESS COMPANIES ECONOMY FINANCE&BANKING

European Commission approves 4 billion lei scheme to back Romanian companies affected by pandemic

NINE O'CLOCKJuly 2, 2020

by NINE O'CLOCKJuly 2, 2020055

On Thursday, the European Commission approved a scheme worth four billion lei (approximately 800 million euros) to support Romanian companies affected by the coronavirus pandemic,...

BUSINESS COMPANIES ECONOMY FINANCE&BANKING

FinMin Citu: Current economic crisis is worse than the Great Crash

NINE O'CLOCKJune 29, 2020

by NINE O'CLOCKJune 29, 2020041

The current economic crisis is worse than the Great Crash of 1929 said, on Friday evening, the Minister of Public Finance, Florin Citu, at private...

BUSINESS BUSINESS COMPANIES ECONOMY FINANCE&BANKING INVESTMENTS WORLD

Kairat Kelimbetov, Directorul General al CFI Astana: Noi suntem platforma în care investitorii occidentali și orientali se pot întâlni și își pot desfășura activitatea

NINE O'CLOCKJune 24, 2020

by NINE O'CLOCKJune 24, 2020042

Kairat Kelimbetov, Directorul General al Centrului Financiar Internațional (CFI) ,,Astana” a vorbit despre importanța tot mai mare a statelor în combaterea pandemiei, despre consecințele economice...

BUSINESS BUSINESS COMPANIES ECONOMY FINANCE&BANKING

Deloitte Romania has appointed Radu Dumitrescu Partner-in-Charge of the Financial Advisory practice

NINE O'CLOCKJune 23, 2020

by NINE O'CLOCKJune 23, 2020036

Deloitte Romania has appointed Radu Dumitrescu Partner-in-Charge of the Financial Advisory practice, effective as of June 2020. In his new role, Radu Dumitrescu will coordinate...

AGRICULTURE DIPLOMACY ECONOMY FINANCE&BANKING

President Iohannis: Romania needs to receive the largest possible allocations under the cohesion and rural development policy, in the future EU budget

NINE O'CLOCKJune 21, 2020

by NINE O'CLOCKJune 21, 2020056

President Klaus Iohannis on Friday participated in the European Council meeting, in a videoconference system, in which context he insisted that Romania needs to receive...

BUSINESS BUSINESS COMPANIES ECONOMY FINANCE&BANKING

Banks grant loans of 4 billion lei under IMM Invest programme

NINE O'CLOCKJune 18, 2020June 17, 2020

by NINE O'CLOCKJune 18, 2020June 17, 2020062

As of June 15, banks had granted loans to the amount of 4 billion lei under the IMM Invest programme, and this week the one...

BUSINESS BUSINESS COMPANIES ECONOMY FINANCE&BANKING

Scope affirms Romania’s credit rating at BBB-; Outlook remains Negative

NINE O'CLOCKJune 18, 2020June 17, 2020

by NINE O'CLOCKJune 18, 2020June 17, 2020037

Deteriorating public finances and limited external reserves drive the Negative Outlook. EU membership, high growth potential, and moderate public as well as external debt levels...

BUSINESS BUSINESS COMPANIES ECONOMY FINANCE&BANKING

Deloitte survey: CFOs in Romania expect massive drop in demand, reduction of revenues and number of employees

NINE O'CLOCKJune 17, 2020

by NINE O'CLOCKJune 17, 2020034

The perception of the CFOs in Romania regarding the evolution of the main financial indicators of their companies has changed dramatically in only several months...

BUSINESS BUSINESS COMPANIES ECONOMY FINANCE&BANKING

FinMin Citu: The real economy proves me right, all apocalyptic scenarios of the socialists have been shattered

NINE O'CLOCKJune 17, 2020June 17, 2020

by NINE O'CLOCKJune 17, 2020June 17, 2020041

Public Finance Minister Florin Citu says that his objective is to minimize the negative impact of the global economic crisis on Romania’s economy, and that...