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Financial News

WB: Romania's economic growth - 1.6 pc in 2011, 3.7 pc in 2012

The World Bank (WB) slightly improved its estimate on Romania's economic growth this year to 1.6 percent but revised downwards to 3.7 percent its prognosis for 2012, the Global Economic Prospects report shows. more...

S & P affirmed Romania's rating to "BB +" with stable outlook

The country continues to display reasonable economic growth potential, but relatively low prosperity, rating agency analysts saying that the Government will continue to consolidate its public finances largely in line with the targets it has specified. more...

Pipera Flyover 60 pc completed

Bucharest Mayor Sorin OPRESCU stated on Friday, the 3rd of June, that the Pipera Flyover is approximately 60 percent completed. The project that consists of widening the Pipera Street and building the flyover could be completed by the end of the year. The Bucharest Mayor expressed his satisfaction with the stage of the construction works, pointing out that they are ahead of schedule. Sorin OPRESCU added that all utility networks (natural gas, water, electricity network) were rehabilitated as part of this investment and that they will require no interventions in the next 20 years. more...

Auto tax lowered by 30 pc except for Euro 5 engines - draft

According to the draft ordinance on modifying the auto tax, the auto pollution tax will be lowered by 30 percent for all types of Euro engines except for Euro 5 engines, Mediafax informs. At the same time, the tax will be lowered by a smaller amount or not at all for the most polluting cars of non-Euro categories. The draft also introduces a new calculation method that depends on the cars' cylindrical capacity for M1 category vehicles and vehicles built for passenger transportation that have 8 passenger seats at most. more...

INS: Number of overnight tourists up by 5.1 pc in April

According to the National Statistics Institute (INS) data, in April this year the number of overnight tourists in Romania has grown by 5.1 percent from a level of 433,300 in April last year, Mediafax informs. A quarter of them were foreign tourists. Tourist arrivals in hotels represented 77.9 percent of total arrivals, up by 7.1 percent compared to the same month in 2010. At the same time, the nights spent by tourists grew by 2.2 percent to 979,700 compared to April 2010. In the January-April 2011 period both the arrivals and the nights spent by tourists reported significant growth of 10.8 and 8.9 percent respectively. more...

Ion TIRIAC remains UNICREDIT shareholder

UNICREDIT has an excellent relationship with businessman Ion TIRIAC, who holds 45 percent of UNICREDIT Tiriac Bank, and predicts the bank's main shareholding structure will stay the same, said Roberto NICASTRO, CEO UNICREDIT, Mediafax reports. He also said that paying dividends is not a priority. more...




















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