The rating agency Fitch reconfirmed Friday, October 22, 2021, the sovereign rating related to the government debt of Romania to the BBB- for the long-term debt in foreign currency and the negative outlook. "The agency's decision represents a signal for Romania to continue at a sustained pace the fiscal-budgetary policies, the reform and investment plans assumed for the next years", declared the Minister of Finance, Dan Vîlceanu. The level of the rating recommended for investments is supported by the level of government debt and its associated service below the level of countries in the same rating category, as well as the level of GDP per capita, indicators of governance and human capital development, and membership. to the European Union. At the same time, the agency notes that these factors underpinning the rating are offset by still high twin deficits, a weak historical level of fiscal consolidation and a relatively high level of net external debt.
In the day when the opening of Arges Mall in Pitesti (April 25) brought the third Mcdonald's and also the third KFC fast food restaurant in the city, as well as a long array of fashion outlets such as Zara, Pull&Bear, Bershka, Stradivarius, Reserved, House, Cropp, Sinsay,...
Romania’s leading financial group Banca Transilvania (BVB: TLV) announced that its shareholders endorsed the disbursement of RON 1 billion (EUR 200 million) as dividends, out of last year’s RON 2.5 billion net profit, at a gross yield of 4.4% based on the most recent trading price. The shareholders also approved a capital increase by the […]
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, held, on April 25th, 2024, the General Meeting of Shareholders (GMS). During the GMS, the shareholders approved, among other items, the distribution of the second tranche of...
Net subscriptions in Romanian mutual funds reached RON 578 million (EUR 116 million) in March, the highest value since January 2021, when inflows totaled RON 621 million, according to data from the Association of Fund Managers (AAF) quoted by Ziarul Financiar. The net assets of the 247...
Romanian independent petroleum products distribution firm JT Grup Oil, controlled and managed by local entrepreneur Jean Paul Tucan, confirmed the initial public offering of 10 million new shares with a face value of RON 1 to both retail and institutional investors as per the decision approved by the company’s shareholders. The new shares would account […]
Romania’s greenhouse gas (GHG) emissions dropped by 56% in 2022 compared to 1990 – vs a 55% overall target set by the European Union for 2030, according to a report compiled by Alpha Bank Romania and quoted by Bursa.ro. The intermediary 2030 reduction target may be increased to 57%, and by 2050, Europe plans to […]
