Gabriel Resources posts net losses of 4.6m dollars in Q2
Canadian company Gabriel Resources saw net losses of 4.6 million dollars in Q2 2015, or 0.01 dollars per share, MarketWatch reports. The cash reserves and...
Category : ECONOMY
IMF’s Schaechter, Tolosa: Fiscal Code as endorsed by Parliament would push deficit to 3pct of GDP
The Fiscal Code as approved by the Romanian Parliament would generate an increase of the budget deficit to 3pct of the Gross Domestic Product (GDP);...
Romanian branches receive over 568 million euros from parent banks in H1
The parent bank have capitalised their subsidiaries of Romania by 568.1 million euros in the first six months of this year, as compared to 104.46...
Finance Minister Eugen Teodorovici: Gov’t forced to consider Macroprudential Supervisory Committee’s recommendations
The National Macroprudential Supervisory Committee’s role is to issue recommendations that the Government is forced to take into consideration, but not necessarily to implement, Finance...
Traffic on the Danube restricted by drought
River traffic is restricted by the low level of the Danube downstream from Iron Gates II, at kilometre 863+358. River Traffic Authority sources stated the...
Erste analysis: The new Fiscal Code’s risks
The stipulations of the new Fiscal Code risk accelerating consumption in 2016, one of the consequences being the overheating of the economy, Erste bank analysts...
Central bank’s forex reserves drop by 959 million euros in July, to 29.152 billion euros
The forex reserves of the National Bank of Romania (BNR, the central bank) have decreased in July by 959 million euros, from 30.111 billion euros...
Intesa SanPaolo posts highest mid-year profit since 2008
Intesa SanPaolo, Italy’s second-largest bank assets-wise, posted on Friday its highest mid-year profit in the last seven years, against the backdrop in which the costs...
Foreign capital in Romania – over EUR 41.4 bln
According to the statistics published by the National Trade Registry Office (ONRC), since 1990 the value of foreign capital invested in Romanian commercial companies totals...
Farmers ask Agriculture Ministry to offset drought damage
The Pro Agro National Federation on Friday called on the Ministry of Agriculture and Rural Development for support to set up a state-aid scheme to...