“A decade after its inception, the private pension system demonstrates the solidity and security of a mature market, characterized by a consistent asset value and a critical mass of participants that ensure its long-term stability and sustainability,” said Dan Armeanu, the vice president of the Financial Supervisory Authority – Private Pension System Sector. “The statistical […]
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Swiss grain and fertiliser distributor Ameropa has signed a EUR 324 million multivalued revolving credit facility with a bank syndicate including Banca Comerciala Romana (BCR) and Raiffeisen Bank as principal initiators, bookrunners and structuring banks, together with ING Bank NV Amsterdam – Bucharest Branch and UniCredit Bank S.A., as principal mandatees and creditors. BCR also […]
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The current account of balance of payments recorded a deficit of EUR 3.4 billion in the first five months of 2019, up 32.6 percent compared to the same period in 2018 of EUR 2.564 billion, according to National Bank of Romania (BNR) data. In structure, the trade balance recorded a deficit higher by EUR 1.47 […]
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The volume of industrial and logistics spaces leased in the first half of the year totalled 240,700 square meters, more than twice the level recorded in the same period last year, of about 100,800 square meters, according to real estate consultancy JLL Romania. Bucharest attracted most of the demand for industrial and logistics space in […]
Carmen Dan, who has been Romania’s Internal Affairs minister since January 2017, having kept the role in three consecutive governments, has announced her resignation after a discussion with PM Viorica Dancila. Sources cited by Europa Libera say that PM Dancila will appoint senator Nicolae Moga to replace Carmen Dan at the Internal Affairs Ministry (MAI). […]
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BR INTERVIEW. Szabolcs Nemes (Managing Director, Roland Berger): Companies must reinvent their business models...
Szabolcs Nemes, managing director of Roland Berger, tells Business Review about the main trends in management and business strategy in 2019 and highlights the drivers behind the major changes in management over the past decade. By Anda Sebesi How have companies’ management strategies changed in the past few years and what were the main drivers […]
At an international level, the coaching market continues to grow – the 2016 ICF study noted 53,300 coaches globally, a 12 percent increase from 2012, and valued the industry at an estimated USD 2.4 billion and growing. Moreover, according to PwC, the coaching industry was the second fastest growing sector in the world. By Romanita […]
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LafargeHolcim, the leading player on the global construction materials market, has signed an agreement with ORESA for the acquisition of Somaco, one of Romania’s leading precast concrete producers. The transaction will allow LafargeHolcim to develop its position on the Romanian building materials market, where the company is already present in the cement, ready-mix concrete and […]
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The private pension system had a positive development in the first quarter of 2019, and the statistical data for the first quarter of 2019 are eloquent: 7.79 million participants and RON 53.21 billion active assets under management, up 7.28 percent compared to December 2018, representing 5.5 percent of GDP, argues Dan Armeanu, vice-president of the […]
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The trade of motor vehicles and motorcycles turnover increased in the first 5 months by 6.6 percent compared to the same period of 2018 as series adjusted by number of working days, according to data from the National Institute of Statistics (INS). The volume of turnover for market services rendered to the population increased both […]
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