Capital

A significant portion of the required financing for the relaunch of the real economy could, and actually should, come from capital markets. The Covid-19 pandemic may prove to be a reason to accelerate taking better advantage of existing capital markets instruments as well as designing new ones.

Payments for furlough, worth 300 million euro, as well as for medical equipment worth a total of 350 million euro will be reimbursed from European funds, said, on Monday, at the start of the government session, the Minister of European Funds, Marcel Bolos.

Romania's real estate investments went past the 1-billion euro line in 2019, standing 7 percent higher than in 2018, shows data of the research department of the real estate consulting company CBRE Romania. Last year's roughly 1.06 billion euro worth of investments mark a five-year high on the Romanian real estate market.

Slovenia scored 53.8 points, and fared best in terms of governance efficiency, trailing only Ireland and the Czech Republic.

Governance efficiency measures the results of core state areas and investments - infrastructure, market and employment structure, and the provision of a framework for sustained and sustainable wealth generation.

Premier-designate Ludovic Orban met on Thursday with the president of the Romanian Chamber of Commerce and Industry (CCIR), Mihai Daraban, with the two looking at the economic situation and discussing the business milieu's expectations of the future government.

The overall industry turnover (domestic and foreign market) increased by 4.3pct in January 2019 as compared to the same month of the previous year and by 4pct as compared to December 2018, according to data published on Thursday by the National Institute of Statistics (INS).

The number of newly-established companies running on foreign capital decreased by 2.64 per cent in 2018 against 2017, to 5,683 units, according to data centralized by the National Trade Register Office (ONRC).

The 5,683 newly-established companies had a share capital worth a total of 47.559 million US dollars, up 18.2 per cent against 2017.

A 51-year-old man was arrested in central Monastiraki Square in Athens on Saturday for the illegal possession of an almost intact column capital. His arrest took place after police received a tipoff.

The Ionic-style capital, which was found and confiscated after officers searched his home, is dated to either the Classical or Hellenistic age.

At the 25th edition of the Top Companies event on Wednesday, the Bucharest Chamber of Commerce and Industry (CCIB) presented its awards to 6,922 Bucharest-based companies and some special prizes, with the AGERPRES Romanian National News Agency receiving an excellence trophy for objectivity and professionalism in covering economic phenomenon.

Romanian companies must be encouraged to acquire competitors from other countries, for right now there is a fiscal discrimination between financing through banking loan and new bonds issues, says Lucian Anghel, head of the Bucharest Stock Exchange (BVB).