Press mood stories for Romania

Sep 20, 2017 04:58GMT, Romania, CEEMARKETWATCH.
Banca Transilvania to fight for first place in banking sector after taking over Bancpost (Ziarul Financiar)
Romania, dream country. Overoptimistic prints from Forecasts Commission: one million new jobs, average wage to surge by 50% in following four years (Ziarul Financiar)
Tax revolution: govt makes employers not to cut net wages after transferring social contributions to employees (Ziarul Financiar)
Property Fund sells 2.6% in Petrom, stake falls below 10% (Ziarul Financiar)
NBR’s chief economist says progressive taxation and minimum wage growth to solve income inequalities (Adevarul)
Lazea, NBR: Romania risks losing one of euro adoption criterion this year (Adevarul)
Romania, one of lowest inflations in EU (Adevarul)
MPs reject child allowance rise (Gandul)
Ionut Dumitru: Inflation rate to notably speed above 3% in Q1 next year (Bursa)
Sep 19, 2017 04:58GMT, Romania, CEEMARKETWATCH.
Productivity of employees in multinationals is double compared to those in Romanian firms (Ziarul Financiar)
Finance ministry continues money hunt and asks for RON 200mn from airports company (Ziarul Financiar)
Romania is fourth largest exporter of electric bikes in EU (Ziarul Financiar)
Romania is country where only govt does not invest (Adevarul)
FinMin grants some advantages for firms choosing split VAT (Adevarul)
Romania, one of lowest inflation in EU (Adevarul)
Brokers’ association launches attack on private pension funds: contributions are not always managed properly (Bursa)
Commissioner Corina Cretu says Romania added bureaucracy to Europe’s regulations in accessing EU funds (Bursa)
Companies allot EUR 800/sqm for office design to attract employees (Curierul National)
State borrows massively to pay wages and pensions (Evenimentul Zilei)
Sep 18, 2017 06:03GMT, Romania, CEEMARKETWATCH.
NBR calls back home Romanians working in financial institutions abroad (Ziarul Financiar)
A business that fades: wind park losses reach almost RON 1bn, investments to be recovered in 30 years (Ziarul Financiar)
Real-estate luxury returns: six penthouses worth over EUR 1mn have been sold (Ziarul Financiar)
Plums production in Romania drops by 30%, but remains highest in EU (Ziarul Financiar)
Ruling PSD nepotism invades state institutions (Adevarul)
NBR may limit Romanians’ indebtedness rate (Adevarul)
Supplementary excise on fuels brings price growths wave until Christmas (Adevarul)
Wheat delivery in Egypt is uncertain (Adevarul)
Romania has strongest hourly labour costs growth in EU (Adevarul)
Multinationals may not escape tax on sales (Gandul)
Banca Transilvania is one step from biggest deal in its history (Gandul)
Romanian MEPs say Romania is ready for Schengen, yet euro adoption is more complicated (Bursa)
Constanta Port becomes strategic objective for Romania (Curierul National)
Violent storm wipes off western Romania; eight people die (Romania Libera)
Effects of PSD’s attacks on multinationals: FDI drop by EUR 500mn (Romania Libera)
ITC firms may pay tax on sales (Evenimentul Zilei)
Sep 15, 2017 06:04GMT, Romania, CEEMARKETWATCH.
American Fitbit may hire 300 people (Ziarul Financiar)
Wipro to hire 500 engineers for developing multimedia systems for Ford, BMW and Toyota (Ziarul Financiar)
State investments limit decline of construction sector (Ziarul Financiar)
High level nepotism: Agriculture minister hires daughter at agriculture ministry (Adevarul)
Social contributions transfer to employees may reduce wages by 20% (Adevarul)
Banca Transylvania is one step away from final negotiations for taking over Bancpost; market leader in banking may change (Gandul)
Hidroelectrica to contribute with special dividends too (Gandul)
Portland trust makes EUR 50mn investment in construction of third building in Oregon Park Bucharest (Curierul National)
Accommodation tariffs not to increase next year (Bursa)
Contradictory statements: PM promises highway construction but cuts investments (Romania Libera)
Judges reject justice laws modifications (Evenimentul Zilei)
Sep 14, 2017 05:28GMT, Romania, CEEMARKETWATCH.
Romania pays better: Share of foreign investors in Romanian state securities increases to 18.2% in H1 (Ziarul Financiar)
Definitive prints of budget revision: More money for wages and pensions, less for investments (Ziarul Financiar)
MPs reject simple motion against justice minister (Adevarul)
Juncker proposes organisation of EU summit in Romania’s Sibiu city (Adevarul)
Budget hole, covered by state’s big companies (Adevarul)
Government activates coal deposit Rosia Rovinari in order to ensure coal needs this winter (Adevarul)
[State controlled air carrier] Tarom is no longer most important company on Otopeni airport (Gandul)
Two fiscal tricks that postpone budget disaster: Investments cut and special dividends (Gandul)
Analysts say budget revision is foggy (Bursa)
Govt asks for special dividends from Hidroelectrica too (Romania Libera)
NBR warns Romania is sinking in debt (Evenimentul Zilei)
Sep 13, 2017 05:32GMT, Romania, CEEMARKETWATCH.
Surprising inflation slowdown in August, rate hikes may be delayed (Ziarul Financiar)
Four economy ministers in eight months: Who makes economic policies in Romania? (Ziarul Financiar)
Ford produces first EcoSport cars, sales to start next year (Ziarul Financiar)
Apartment prices slightly decrease in August but consultants expect 2-3% growth by year-end (Ziarul Financiar)
Number of pensioners is almost equal to number of employees in Q2 (Adevarul)
PM says fuel price growth is not due to excise (Gandul)
After government increases wages, many regional administrations do not have money for salaries (Gandul)
ING launches consumer credit completely online (Bursa)
NGOs ask PM to ban cyanide use in gold exploitation (Curentul)
Logistics developer CTP invests EUR 15mn in new industrial park in Cluj (Curierul National)
PSD government eyes investments money of strategic companies too (Romania Libera)
Sep 12, 2017 04:19GMT, Romania, CEEMARKETWATCH.
Financial markets’ perception is good. Romania’s CDS drops to 10-year low (Ziarul Financiar)
Coffee consumption jumps by 40% compared to 2008, but Romania remains among last places in Europe in coffee consumption (Ziarul Financiar)
Tax consultant: Split VAT is introduced too fast, is too harsh burden for companies (Ziarul Financiar)
Romanian Post’s management is dismissed due to inefficiency (Adevarul)
State tries to gather funds from anywhere: asks Romgaz for RON 500mn before yearend (Adevarul)
Factoring market rises by 12% y/y to almost RON 12bn in H1 (Bursa)
Listings on local bourse amount to over EUR 1bn in past four years (Curierul National)
PSD, UDMR aim to make public procurement less transparent (Evenimentul Zilei)
Sep 11, 2017 04:25GMT, Romania, CEEMARKETWATCH.
Positive budget revision means Tudose govt takes RON 10bn from investments to pay wages and pensions (Ziarul Financiar)
Number of employees keeps growing in H1, 120,000 new jobs created (Ziarul Financiar)
School abandon decreases slightly in 2016, but it is still high compared to other European countries (Ziarul Financiar)
Roads Company says auctions projects worth RON 13.8bn this year (Adevarul)
Ford massively hires in Romania (Gandul)
FinMin says hundred of million euros go to tax haven from domestic banks (Bursa)
PM Mihai Tudose: Pensions pillar II to be optional (Curierul National)
Romania continues discussions with OECD countries even if Hungary withdraws support for adherence (Romania Libera)
Justice minister has big plans: Romania without CVM (Evenimentul Zilei)
Tax consultant: Split VAT not to affect ‘expert’ tax evasion players (Evenimentul Zilei)
Sep 08, 2017 05:47GMT, Romania, CEEMARKETWATCH.
Romanian Post looks for CEO, CFO in private sector (Ziarul Financiar)
New taxes may be under way; govt prepares positive budget revision with RON 6bn revenues shortfall (Ziarul Financiar)
EUR/RON rate is close to 5-year maximum and might jump above 4.6 (Ziarul Financiar)
Lending growth keeps slower than savings’: loans/deposits ratio is of nearly 80% in Sep (Ziarul Financiar)
Continental produces 200mn tires and makes EUR 430mn investments (Ziarul Financiar)
Food retail in CEE: Largest three retailers in Romania have EUR 4.6bn business, four times lower than Polish leaders (Ziarul Financiar)
Property Fund considers selling Hidroelectrica stake due to conflict with energy ministry (Adevarul)
First project of sovereign investment fund will be to revive copper mine CupruMin (Adevarul)
[PM] Tudose: Nobody will assassinate Pillar II, nor torture, eliminate it, but will be optional (Gandul)
Tudose: If any criminal investigation on me starts, I will resign (Gandul)
Constructors association: Our country has too many social benefits (Bursa)
Warning from construction sector: Romania needs at least 220,000 workers for its infrastructure projects (Curierul National)
Raiffeisen: Rapid change of pension system increases Romania’s vulnerabilities (Curierul National)
Former head of tax authority: Finance minister personally calls state enterprises in search for money (Romania Libera)
Sep 07, 2017 05:48GMT, Romania, CEEMARKETWATCH.
Wages increase and employees change jobs more often (Ziarul Financiar)
Deutsche Bank wants to reach 1,000 software programmers; initial plan was 400-500 (Ziarul Financiar)
Warning: Yields on state securities keep rising in Aug for most of maturities (Ziarul Financiar)
Investigating commission for 2009 presidential elections concludes on fraud (Adevarul)
Consumption is behind 95% of economic growth (Adevarul)
No Romanian company in Easter Europe’s Major Companies Top 10 (Gandul)
Non-bank financial corporations eat up from banks’ cake (Bursa)
IMF replies to PM’s critique regarding projection miss (Romania Libera)
Property Fund criticises Nuclearelectrica’s new management team (Romania Libera)
Sources: Defence minister resignation may be result of fights inside PSD (Romania Libera)
UDMR refuses to be part of ruling coalition but asks for more autonomy for Hungarians (Evenimentul Zilei)
Sep 06, 2017 05:41GMT, Romania, CEEMARKETWATCH.
Largest 400 software companies employ 46,000 persons (Ziarul Financiar)
Electricity price in August is higher by 60% y/y (Ziarul Financiar)
Earthquake in government: Defence minister resigns because he can no longer pay for employees’ meals (Ziarul Financiar)
Raiffeisen Bank’s chief economist: Economic growth will exceed 5% (Ziarul Financiar)
Local Greek banks increase value of savings but role in lending remains modest (Ziarul Financiar)
Analysts still believe government will impose tax on bank assets (Ziarul Financiar)
Opposition files motion against justice minister (Adevarul)
PM Tudose says budget revision will not be negative (Adevarul)
Transporters threaten with protests over fuel excise growth (Adevarul)
PM Tudose to IMF: You missed two projections, you are not good at all at your jobs or somebody has something against Romania (Gandul)
Ruling PSD changes referendum law (Gandul)
Corruption trial of PSD leader Dragnea to start over again (Bursa)
Split VAT is lethal for economy (Curierul National)
State companies in energy make huge profits (Romania Libera)
Referendum law change takes out president from decision process (Evenimentul Zilei)
Sep 05, 2017 05:39GMT, Romania, CEEMARKETWATCH.
Consumption grows by 8%, but VAT collections drop by 5% (Ziarul Financiar)
Hypermarkets control 44% of modern trade with only 10% of total stores (Ziarul Financiar)
[Opposition] PNL demands govt to give up sovereign investment funds because it is a big fraud (Ziarul Financiar)
Trailer registrations double in seven years (Ziarul Financiar)
Over 97% of business environment does not agree with fuel excise increase (Adevarul)
Interest rate jump: 3-month ROBOR index rises to maximum in past 5 months (Adevarul)
PM Tudose wants to close pensions Pillar II discussions: govt will not touch it (Gandul)
Justice minister is not satisfied with Judicial Inspection’s activity (Gandul)
Energy ministry wants to update energy strategy by mid-Oct (Bursa)
SME’s: Fuel excise increase to destabilise economy (Bursa)
Fiscal burden in economy increases –study (Curierul National)
PM Tudose: 2018 budget draft law to be sent to parliament in Nov (Romania Libera)
Liberals full us with motions against Tudose cabinet (Romania Libera)
Number of refugees arriving to Romania increases by 350% in 2017 (Evenimentul Zilei)
Labour minister says good news is that number of employees exceeds number of pensioners (Evenimentul Zilei)
Sep 04, 2017 04:49GMT, Romania, CEEMARKETWATCH.
Foreigners control over 70% of ITC business and employees (Ziarul Financiar)
Legislative priorities this fall: lobby law, farming lands sale law and setting up new Commerce Chamber (Ziarul Financiar)
Number of employees in pharmacies exceeds 40,000, record high in past ten years (Ziarul Financiar)
Govt postpones dividends tax elimination promised in elections campaign because we cannot afford it (Ziarul Financiar)
PM: Romania suffers at collecting VAT (Adevarul)
Green energy ensures half of national production presently (Adevarul)
Former PM Ponta announces setup of new political group (Gandul)
Elimination of tax on dividends to be implemented when budget will look better (Bursa)
Opposition PNL wants more money for regional administrations (Bursa)
Political parties receive four times more money from state budget than ten years ago (Evenimentul Zilei)
Energy ministry modifies again energy strategy (Romania Libera)
USA ambassador asks for discussion with justice minister on justice law changes (Romania Libera)
Sep 01, 2017 05:30GMT, Romania, CEEMARKETWATCH.
NBR: SMEs contract loans worth RON 11bn last year, three times below potential (Ziarul Financiar)
Business environment representatives: Split VAT to lead to unpredictability and productivity decrease (Ziarul Financiar)
Unemployment is at historical low, but labour market is extremely tensed (Ziarul Financiar)
Labour minister confirms net wages to decrease after social contributions pass to employees from employers (Adevarul)
Minister Laufer says value of money in Romania is higher (Adevarul)
PM Tudose denies intention to apply tax on bank assets (Evenimentul Zilei)
Judicial Investigator criticises justice minister reform proposals (Gandul)
Carrefour opens three more supermarkets (Gandul)
Rumours regarding tax on bank assets hit banks’ stock exchange capitalisation (Bursa)
NBR Liviu Voinea: Adopting euro does not ensure wealth (Bursa)
Business association: Govt measures to reduce unemployment are not efficient (Bursa)
Transporters ask govt not to increase fuel excise (Curierul National)
Foreign investors’ association: Split VAT is not solution to fight tax evasion (Curierul National)
Aug 31, 2017 04:57GMT, Romania, CEEMARKETWATCH.
GE employs 130 software engineers in Bucharest, plans to hire 100 more (Ziarul Financiar)
Half of German investors in Romania intend new hiring this year (Ziarul Financiar)
Opposition PNL aims to eliminate Start-Up Nation programme and reduce number of civil servants when grabbing power (Ziarul Financiar)
Renault prepares to launch new Dacia Duster model, estimates its sales to reach at least EUR 3bn annually (Ziarul Financiar)
PM Tudose refuses to keep his cash in banks (Adevarul)
Tudose wants to withdraw Rosia Montana gold area from UNESCO (Adevarul)
Govt to overtax vital fluids: water and fuels (Adevarul)
Energy regulator says it is impossible to cap electricity prices, despite notable increases (Bursa)
Govt approves new tax hikes and forgets about cuts (Bursa)
Govt introduces new tax on mineral water (Curentul)
Split VAT heavily weighs on business environment (Curierul National)
EC criticises justice reform proposals of Justice Minister Tudorel Toader (Romania Libera)
DNA’s head Kovesi is target for dismissal (Evenimentul Zilei)
Govt simplifies access to EU funds (Evenimentul Zilei)
Romanian company gets contract for repair of F-16 aircrafts (Evenimentul Zilei)
Aug 30, 2017 04:54GMT, Romania, CEEMARKETWATCH.
Wages grow but number of emigrants does not fall (Ziarul Financiar)
NPLs rate drops by over 1ppt in six months to 8.32% (Ziarul Financiar)
PM Tudose: We expect response from Brussels before sending Sovereign Investment Fund project to parliament (Adevarul)
[Former PNL leader] Turcan: Dragnea-Tudose cabinet deliberately hides information about budget execution (Gandul)
PSD Dragnea says there is no govt intent to adopt euro in 2022 (Gandul)
NBR Croitoru: Real interest in moving contribution from pillar II to pillar I is gaining votes (Adevarul)
EUR/RON rate is best pressuring instrument of NBR to MPs (Bursa)
Tudose launches new attack on banks (Bursa)
USR: Govt prepares to withdraw Rosia Montana gold site from UNESCO list (Curentul)
Split VAT system is a fiscal mess (Curierul National)
Romanians’ debt to banks amount to RON 128bn (Curierul National)
Aug 29, 2017 05:58GMT, Romania, CEEMARKETWATCH.
Who saves Romania’s BoP? Service exports rise by 10% in first six months, to EUR 9.5bn (Ziarul Financiar)
Endava opens fintech hub and will reach 100 employees specialist in payments and technology (Ziarul Financiar)
Energy giants operate with up to 34% profitability margins (Ziarul Financiar)
Increase of furniture imports is double compared to furniture exports (Ziarul Financiar)
Iohannis-Macron: Agreement with reserves regarding exported workers, Schengen entrance (Adevarul)
Study: Progressive taxation is more advantageous than sole tax (Adevarul)
Defence minister asks for EUR 75mn to restart operations at vaccines institute (Gandul)
Govt prepares reform of public administration (Curierul National)
Clear war in justice between general prosecutor and justice minister (Evenimentul Zilei)
Aug 25, 2017 06:57GMT, Romania, CEEMARKETWATCH.
Disastrous results of state-owned companies, the effect of appointment of interim management (Ziarul Financiar)
Ping-pong with Romanian pensions. The government wants to ‘mute’ part of state contribution to Pillar II, switch to Pillar I as Pillar II has low return (Ziarul Financiar)
EC asks for explanations from Romania insisting it is essential to fight corruption (Ziarul Financiar)
France-Romanian deal: Romanian army buys helicopters and missiles from Airbus and France no longer opposes Romania’s accession to Schengen (Ziarul Financiar)
Macron in Bucharest: I have no reason to oppose Romania’s entry into Schengen (Adevarul)
Black cigarette market reached 16% in July (Financiarul)
Departures from [anti-corruption office] DNA continue (Gandul)
[PSD leader] Dragnea contradicts [justice minister] Toader but does not understand why [president] Iohannis is upset [justice laws amendments] (Gandul)
At local bourse, 75% of investors are passive (Bursa)
Fitch warns: Measures adopted by the government increase risk of overheating (Bursa)
Tudorel Toader is stepping back after wave of criticism over amendments to justice laws: We collect all the proposals, we do not experiment with citizens (Romania Libera)
Aug 24, 2017 06:56GMT, Romania, CEEMARKETWATCH.
Who benefits from part-time business this year: Employees get poorer, it is harder for employers, but state could raise RON 1.5bn extra this year (Ziarul Financiar)
Ryanair flies 2.9mn passengers in Romania, up by 60%. July was a record month (Ziarul Financiar)
Hard life for some bankers. What banks did in H1: 27 reported profit, 9 were at loss (Ziarul Financiar)
[Justice minister] Tudorel Toader’s laws: When the servant rejoices becoming a slave (Adevarul)
Minister Toader, the leader of justice independence (Adevarul)
Finance ministry announces details about VAT accounts (Financiarul)
Chinese company gives best bid in copper auction (Financiarul)
Fighting the appointment of heads of prosecutors (Gandul)
[PSD leader] Dragnea convenes ruling coalition. ‘Hot topics’ to be discussed (Gandul)
Treasury will automatically open free VAT accounts for taxpayers (Bursa)
Study: Three quarters of Romanian companies use suppliers’ credit (Bursa)
List of most controversial proposals made by Tudorel Toader (Romania Libera)
General prosecutor’s office stands against Toader’s proposals (Romania Libera)
Aug 23, 2017 06:53GMT, Romania, CEEMARKETWATCH.
Famous Rothschild bank is behind Americans desire to buy Bancpost and prevent Banca Transilvania from reaching number one in Romania (Ziarul Financiar)
German group Bosch could build washing machine factory in Hunedoara county (Ziarul Financiar)
Mihai Tudose has forgotten that he is no longer the citizen but PM of Romania. What if banks not buy or tell clients not to buy government papers because state has losses year after year (Ziarul Financiar)
Who are major foreign bond holders? Top banks that deal with Romania’s foreign debt (Ziarul Financiar)
Government is attacking private pensions: it will cut contributions by half (Adevarul)
Libra Internet Bank, RON 24mn profit in H1 (Financiarul)
BNR intervenes in scandal between government and banks (Gandul)
Study: Romanian economy is more vulnerable to crisis than in 2008 (Bursa)
Finance ministry borrows RON 45mn until Feb 2025 [in supplementary auction] (Bursa)
Average price for electricity increases by 49.95% [since yesterday] (Bursa)
Government is reluctant to raise royalties (Evenimentul Zilei)
[PM] Tudose uses technocrat government to attack [PSD leader] Dragnea’s men (Romania Libera)
Government prepares new attack on private pensions (Romania Libera)
Aug 22, 2017 06:59GMT, Romania, CEEMARKETWATCH.
Why do we have consumer-driven growth? Profi developed and sold 500 stores. What would it be to develop and sell 500 slaughterhouses (Ziarul Financiar)
McDonald’s became second player on Romanian coffee market (Ziarul Financiar)
MOL Romania launches more than EUR 10mn investment (Ziarul Financiar)
Romanian consumer confidence at high level, Romanians see excellent job prospects and more money (Ziarul Financiar)
[Air carrier] Tarom: There is no way to reduce losses (Adevarul)
Rents went mad: EUR 228 per month for a studio in Bucharest (Financiarul)
Rents are rising for three years already (Gandul)
First two ministers whom [opposition, PNL] Liberals do not want at Victoria Palace any more [FinMin and education minister] (Gandul)
[PM Tudose] I do not know if it is safe to keep your savings at banks on loss (Bursa)
[Former Tarom CEO] Some foreign companies want Tarom to disappear (Bursa)
Tudose: Certainly we will have to change royalties from 2018 (Bursa)
Tudose attacks [PSD leader] Dragnea’s people in government (Romania Libera)
Aug 21, 2017 05:53GMT, Romania, CEEMARKETWATCH.
EUR 177mn takeover offer for Radisson Hotel in capital city (Ziarul Financiar)
Bitdefender business is valuated at EUR 600-700mn and 3-4 investors are interested to take it over (Ziarul Financiar)
Adobe Romania becomes largest subsidiary in Europe (Ziarul Financiar)
Romania’s shoes exports drop to past decade minimum, one step away from EUR 1bn (Ziarul Financiar)
Split VAT measure is postponed for Jan 1 (Bursa)
PM Tudose does not exclude minister changes (Gandul)
Tudose says tax authority initiated audits on banks (Gandul)
Opposition PNL asks for investigation commission on retirement requests and re-hiring in interior ministry (Adevarul)
Tudose: [Air carrier] Tarom is national symbol, it will not be sold or closed (Adevarul)
Tarom and National Investment Company to be controlled by PM’s audit body (Adevarul)
Romania’s healthcare system is down; Romanians are Europe’s ill (Curierul National)
Cereals consumption decreases last year (Evenimentul Zilei)
Arabs massively buy property in Romania (Evenimentul Zilei)
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