Just days before an International Monetary Fund mission is expected in Bucharest for another review of the stand-by agreement with Romania, neighbor country Hungary, which has taken a similar size loan package from the IMF is likely to be denied access to the remaining of its financing package. The IMF and the European Union have suspended evaluation discussions with Hungarian government representatives, warning the country needs to take drastic measures to cut the budget deficit.

Investment fund Bancroft has bough the bulk in local transport company Dumagas Transport, the two companies have...

The minimum tax will be canceled this fall while the flat tax will be kept, according to Romanian Prime Minister Emil Boc. Progressive taxation will fail to raise more money to the state budget compared to the current revenues.

The average contribution to mandatory private pensions for each contributor went up 22 percent in June compared to the...

French retailer Carrefour posted sales of EUR 265 million in the second quarter of the year in Romania, which was a drop of 5.8 percent compared to the same period of last year, excluding currency exchange rate impact. These are its sales in local currency. The group's like-for-like sales were down by 7.2 percent.

Romanian media

Isărescu: Without pension adjustment, we cannot talk about economic growth – in Ziarul Financiar...

The Bucharest – Constanta railway track will be modernized so that the train ride between the two cities will take only...

Turkish Provus Services Provider has bought local card operator RomCard from its shareholders BCR, BRD, Raiffeisen Bank, UniCredit Tiriac Bank and Financiara, according to Deloitte, which assisted the sale along with the Reff & Associates team. The value of the deal was not disclosed.

A&D Pharma has opened the third Anima private clinic in Bucharest, in Pantelimon area of the city, the company has announced. The 600-sqm clinic includes 14 medical offices. A&D Pharma has opened two similar units in Victoriei and Titan areas of Bucharest earlier this year, when the Anima brand was launched.

The Romanian car market saw the third biggest decline in the European Union, with a drop of 41.5 percent on new car...

Just days before an International Monetary Fund mission is expected in Bucharest for another review of the stand-by agreement with Romania, neighbor country Hungary, which has taken a similar size loan package from the IMF is likely to be denied access to the remaining of its financing package. The IMF and the European Union have suspended evaluation discussions with Hungarian government representatives, warning the country needs to take drastic measures to cut the budget deficit.

Investment fund Bancroft has bough the bulk in local transport company Dumagas Transport, the two companies have...

The minimum tax will be canceled this fall while the flat tax will be kept, according to Romanian Prime Minister Emil Boc. Progressive taxation will fail to raise more money to the state budget compared to the current revenues.

The average contribution to mandatory private pensions for each contributor went up 22 percent in June compared to the...

French retailer Carrefour posted sales of EUR 265 million in the second quarter of the year in Romania, which was a drop of 5.8 percent compared to the same period of last year, excluding currency exchange rate impact. These are its sales in local currency. The group's like-for-like sales were down by 7.2 percent.

Romanian media

Isărescu: Without pension adjustment, we cannot talk about economic growth – in Ziarul Financiar...

The Bucharest – Constanta railway track will be modernized so that the train ride between the two cities will take only...

Turkish Provus Services Provider has bought local card operator RomCard from its shareholders BCR, BRD, Raiffeisen Bank, UniCredit Tiriac Bank and Financiara, according to Deloitte, which assisted the sale along with the Reff & Associates team. The value of the deal was not disclosed.

A&D Pharma has opened the third Anima private clinic in Bucharest, in Pantelimon area of the city, the company has announced. The 600-sqm clinic includes 14 medical offices. A&D Pharma has opened two similar units in Victoriei and Titan areas of Bucharest earlier this year, when the Anima brand was launched.

The Romanian car market saw the third biggest decline in the European Union, with a drop of 41.5 percent on new car...