Economy of Romania

EU Commission Forecasts Bulgarian Economy to Grow by 1.5 % in 2016, 2 % in 2017

According to the European Commission winter economic forecast released on Thursday, the Bulgaria economy will grow by 1.5 % this year and 2 % in 2017.

Bulgaria's GDP is estimated to have grown by 2.2 % last year supported by higher net exports and public investment.

SAB&Accesorii 2015: Cars directly from Frankfurt, first-time air show, 4,000 sqm of exhibiting area

Seven cars having arrived directly from Frankfurt will be on display for the first time in Romania at the 13th Bucharest Auto Show & Accessories (SAB&Accesorii 2015) to take place over October 1-11 at Romaero Baneasa aerospace company, on a 4,000-square meter area.

State-owned companies to be reviewed to decide which should be restructured, listed

The Government will continue restructuring the state-owned companies and reviewing its portfolio, to decide which of them could be listed on the stock exchange, Treasury head Stefan Nanu said in a conference organized by the Bucharest Stock Exchange (BVB) on Tuesday.

FinMin Teodorovici: Tax Code to be completed in Parliament, needs OK from EC, IMF, WB

The Tax Code could be completed in the Parliament by the end of this month, but it won't be approved without the green light from the European Commission, the International Monetary Fund and the World Bank, Public Finances Minister Eugen Teodorovici said on Monday.

Romanian Court Rejects Oil Company's Insolvency Request

The Bucharest County court on Tuesday rejected the request for insolvency filed by the Romanian oil company Rompetrol SA, which is part of the Netherlands-based oil and gas group KMG International.

The reasoning of the judges had not been made public so far, but Rompetrol has seven days to appeal.

ANIS: Software and IT services companies report 2014 revenues of 2.42 billion euros in Romania

Romania's software and IT services industry reported 2014 revenues of 2.42 billion euros, up 13 per cent from the previous year, according to the findings of the "Software and IT Services in Romania,' report released on Wednesday by the ANIS Employers' Association of the Software and Services Industry.

PM Ponta: Government bonds, an excellent savings choice for Romanians

The Romanians who plan to save money have an excellent instrument for this with the government bonds that offer a yield that takes market realities in consideration, Premier Victor Ponta said on Wednesday, at the seat of the Bucharest Stock Exchange (BVB), on the occasion of the launch of the FIDELIS programme - government bond issues for the population, unfurled through the BVB.

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