Telecom operator RCS&RDS has introduced a new online bill payment facility. The facility was built in partnership with lender BCR and EuroPayment Services. The online payment facility is accessible through the telecom's operator webpage, through a Digi account

The net profit of local lender BRD-Groupe Societe Generale went down by 13.7 percent in the first half of the year, to around EUR 88.6 million. Its net banking revenues was 7 percent higher, to EUR 422 million.

The Romanian economy will drop by more than it was previously expected due to a series of decisions and measures taken this year, said Romanian Prime Minister Emil Boc. The VAT increase, the flooding and the international context have contributed to the slowdown. Emil Boc sees a revival of the Romanian economy next year. He is yet to put forward a value for both the GDP decrease expected this year and the increase for next year.

Ten insurance companies have together accumulated a loss of EUR 80 million last year, according to a report published by the Insurance Surveillance Commission (CSA). The ten companies which have posted losses last year are Ardaf, BCR Asigurari, Fata Asigurari, Groupama, OTP Garancia, Certasig, Eureko, KD Life, Omniasig Viata and Signal Iduna. There are 40 insurance companies on the Romanian market.

The Romanian Government will meet today in the afternoon to adopt the methodological norms for the Fiscal Code, which will be enforced immediately after. The norms introduce several changes in the taxation area, which are meant to increase the budget revenues.

The shareholders of real estate developer BelRom, Kris Henri Remi Carton and Steven Van Den Bossche have bought land on the premises of the Electroputere Craiova factory and plan to build a shopping center on some of the area. The mall will be called Electroputere Shopping Center and will require investments of EUR 45 million.

Ford's National Sales Company (CNV) for Romania has become operational and will sell the car maker's brands in Romania, as well as service and after sell services. Ford is thus ending the ten-year collaboration with Romcar, which used to sell the Ford cars in Romania.

The Hungarian state printing company Allami Nyomda has bought 50 percent of local GPV Mail Services from Hungarian company Díjbeszed. GPV Mail Services is also offering printing services. The value of the deal was estimated between EUR 1.5 million and EUR 2.2 million.

BCR Group posted a net profit of EUR 117 million in the first half of the year, down by 19.5 percent compared to the same period of last year, the group has announced. The decrease was mainly due “on much higher provision expense due the contracting economy heavily impacting the market and BCR’s customers demand,” according to the company.

Grup Servicii Petroliere's shareholders have approved a USD 20 million revolving credit facility from Eximbank. The loan was contracted on a year.

Telecom operator RCS&RDS has introduced a new online bill payment facility. The facility was built in partnership with lender BCR and EuroPayment Services. The online payment facility is accessible through the telecom's operator webpage, through a Digi account

The net profit of local lender BRD-Groupe Societe Generale went down by 13.7 percent in the first half of the year, to around EUR 88.6 million. Its net banking revenues was 7 percent higher, to EUR 422 million.

The Romanian economy will drop by more than it was previously expected due to a series of decisions and measures taken this year, said Romanian Prime Minister Emil Boc. The VAT increase, the flooding and the international context have contributed to the slowdown. Emil Boc sees a revival of the Romanian economy next year. He is yet to put forward a value for both the GDP decrease expected this year and the increase for next year.

Ten insurance companies have together accumulated a loss of EUR 80 million last year, according to a report published by the Insurance Surveillance Commission (CSA). The ten companies which have posted losses last year are Ardaf, BCR Asigurari, Fata Asigurari, Groupama, OTP Garancia, Certasig, Eureko, KD Life, Omniasig Viata and Signal Iduna. There are 40 insurance companies on the Romanian market.

The Romanian Government will meet today in the afternoon to adopt the methodological norms for the Fiscal Code, which will be enforced immediately after. The norms introduce several changes in the taxation area, which are meant to increase the budget revenues.

The shareholders of real estate developer BelRom, Kris Henri Remi Carton and Steven Van Den Bossche have bought land on the premises of the Electroputere Craiova factory and plan to build a shopping center on some of the area. The mall will be called Electroputere Shopping Center and will require investments of EUR 45 million.

Ford's National Sales Company (CNV) for Romania has become operational and will sell the car maker's brands in Romania, as well as service and after sell services. Ford is thus ending the ten-year collaboration with Romcar, which used to sell the Ford cars in Romania.

The Hungarian state printing company Allami Nyomda has bought 50 percent of local GPV Mail Services from Hungarian company Díjbeszed. GPV Mail Services is also offering printing services. The value of the deal was estimated between EUR 1.5 million and EUR 2.2 million.

BCR Group posted a net profit of EUR 117 million in the first half of the year, down by 19.5 percent compared to the same period of last year, the group has announced. The decrease was mainly due “on much higher provision expense due the contracting economy heavily impacting the market and BCR’s customers demand,” according to the company.

Grup Servicii Petroliere's shareholders have approved a USD 20 million revolving credit facility from Eximbank. The loan was contracted on a year.