Romania Cuts 2013 GDP Growth Forecast To 3.1% Vs 4.5%

UniCredit announced that it finalized the merger of its Romanian subsidiary with Alpha Bank Romania, creating one of the largest financial institutions in the country and marking a new milestone in the group's growth strategy. The newly combined bank has 11% market share in assets, 13% in loans (UniCredit Consumer...

Romania's largest ruling party, the Social Democratic Party (PSD), broadly agrees with the reforms proposed by prime minister Ilie Bolojan (Liberal Party PNL), although there are some details still to be tackled, PSD interim president Sorin Grindeanu said after the party leadership's weekly meeting of August 18,

Romanian retail chain Annabella, developed by local entrepreneurs, took over 82 Profi stores and 5 Mega Image stores in a deal aimed at facilitating the expansion of the Mega Image retail chain that took over Profi from MidEuropa Partners for EUR 1.3 billion, Profit.ro...

The new tax on shifted profit proposed by the government is significantly impacting the attractiveness of Romania as a destination for foreign investments, and it is far more restrictive than the similar regulation in Poland, mentioned by the authorities as a source of inspiration, according to a report drafted by PwC. The consultancy firm salutes […]

The General Secretariat of the Romanian Government (SGG) has published for public consultations the draft law for the reform of the state-owned enterprises and the so-called autonomous institutions, such as the regulators for the financial, energy, and telecom markets (ASF, ANRE, and ANCOM, respectively), according to Cursdeguvernare.ro...

The Foreign Direct Investment Review Commission (CEISD), a body supervised by the Romanian government in charge of screening significant foreign investments for security impact, has not cleared the sale of E.ON’s electricity and gas supply subsidiary to Hungarian state-owned energy company MVM, according to sources familiar with the decision consulted by