July 30, 2014

EUR 6.8 bn in state reserves. Financing risk dropped significantly
Jul 30, 2014

EUR 6.8 bn in state reserves. Financing risk dropped significantly.
According to Ministry of Public Finance, the sum covers almost six months of the gross financing demand for this year. The state’s current foreign currency reserves are EUR 6.8 billion and covers 5.8 months of the gross financing demand for 2014, the Ministry of Public Finance (MFP) states in (...)
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Supreme Court to rule today on ex DIICOT head's appeal to preventive detention decision The High Court of Cassation and Justice will weigh on Thursday the appeal filed by former head of the Directorate for the Investigation of Organized Crime and Terrorism (DIICOT) Alina Bica to her being held in preventive detention.

Swedish Skanska sells its first office building in Romania to Globalworth Real Estate Real estate investment company Globalworth Real Estate, founded and controlled by Greek businessman Ioannis Papalekas, announced it will buy the first building of the Green Court Bucharest office compound, developed by Swedish group Skanska. The value of the transaction is EUR 44 million. The (...)

Romanian Banca Transilvania confirms negotiations for Volksbank takeover Banca Transilvania (BVB ticker: TLV), the third largest local bank by assets is negotiating the takeover of Austrian group Volksbank’s local subsidiary, which is on sale, the bank said in an announcement on the Bucharest Stock Exchange (BVB). “Banca Transilvania informs its shareholders that (...)

Executives in Romania earn about EUR 117,900 a year An executive director in Romania earns on average EUR 117,900 per year, as the Romanian market recorded a 6-8% increase in the salary package. Meanwhile, management salaries worldwide went up only by 3-4% in 2014 compared to last year, according to a study from headhunters Pedersen & (...)

Romania's capital market regulator says no to Fondul Proprietatea's London listing Romania’s Financial Supervisory Authority (ASF) rejected, on Wednesday, November 27, the new regulation which should have allowed a company listed on the Bucharest Stock Exchange (BVB) to get listed on another market in the EU via depository interests (DIs). This decision of the ASF cancels (...)

Romanian insurer Allianz-Tiriac gross premiums underwritten up by 8% Insurance company Allianz-Tiriac Asigurari posted about EUR 164 million in gross premiums underwritten in the first nine months of the year, up by 8% year-on-year, while the operating profit increased by 62% to EUR 8 million, the company announced, reports local Revenues from (...)

Only 17% of anticorruption cases in Romania came from internal notifications Only 17% of the cases registered at the National Anticorruption Directorate (DNA) in 2014 were based on internal notifications from the intelligence services, the media, or journalistic investigations, while most of the referrals came from citizens and public institutions, said DNA chief (...) : all romanian news. Copyright © DIRECTWAY | RSS Romaniapress NEWSNews RSS |