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Articles

Tax evasion in Romania reached 13.8 percent of GDP in 2012

The Fiscal Council, the independent fiscal think tank, estimates that tax evasion in Romania stood at 13.8 percent of GDP last year, down from a record high of 15 percent in 2010, amounting to roughly RON 81 billion (EUR 18 billion).

Inflation rate drops to 3.67 pc y.o.y

The Romanian consumer prices were down 0.2 per cent in this August from July, while the year-over-year (y.o.y) inflation rate (over the last 12 months) dropped to 3.67 per cent, show figures released yesterday by the National Institute for Statistics. The July y.o.y inflation rate was of 4.41 percent.

Belgium’s Mega Image one step close to 250 stores milestone

Mega Image opens today two supermarkets in Bucharest, reaching a network of 249 units countrywide, one step close to the milestone of 250 units, according to data announced by the company.

The evolution of the biggest construction companies business in Romania

The financial results of the biggest players in construction, dyes, construction materials and DIY, domains where 50 companies were analyzed, reveal a total turnover of EUR 4.7 billion in 2012, the same level as the precedent year, writes Business Construct magazine.

PayPoint rented 500 sq m in Romana Offices in Bucharest

PayPoint Romania has rented 500 sq m offices in Romana Offices building in Bucharest, owned by Dinu Patriciu Global Services, announced Colliers International, the transaction’s broker.

Benevo to buy Aversa industrial platform for EUR 17 million

Real estate company Benevo, through its subsidiary Blue Diamond, together with Autoplast, bought the Aversa platform in Bucur Obor area of Bucharest.

P3 delivers state of the art logistics centre for Yusen Logistics

Global freight forwarding and logistics company Yusen Logistics cut the ribbon to open a new 20,000 sqm Build-To-Suit distribution facility developed by Pan-European real estate asset manager and developer PointPark Properties (P3) at its Prague D1 logistics park.

RON may lose ground against EUR, USD by yearend, says XTB

The Romanian currency may lose ground against the euro and the US dollar by yearend, despite the decreasing inflationary trend in the country, forecasts XTB, the brokerage.

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