General
January 23, 2014 13:18
Bucharest Airports National Company (BANC) reports an increase of 5.4 percent in the number of passengers in the last month of 2013, maintaining a growth rate of over five percentage points for the second month in a row. Overall, the last year brought a progress of 1.35 percent in the passenger traffic for the two airports located in Romanian capital - Henri Coanda International Airport (Otopeni) and Aurel Vlaicu International Airport (Baneasa), according to a BANC’s press release....more »
January 21, 2014 16:41
Secretary of State at the Romania’s Ministry of Justice, Putura has been elected as President of CFR’s new Board of Directors, which, in its turn, appointed Ionel Voicu (Deputy Director on European Projects) to provisionally replace George Micu as CEO of the railway company until the selection procedure for this position will be eventually finalized, is mentioned in a press release....more »
January 15, 2014 09:31
There is an interest from behalf of Austrian companies in investing in Romania, especially in the energy sector, as well as in the transport infrastructure field, according to Michael Schwarzinger, the Austrian Ambassador to Romania, who commented on this subject while attending Romanian Business Breakfast...more »
January 13, 2014 10:51
The General Meeting of Shareholders of CFR, Romania’s National Railway Company, controlled by the Ministry of Transport, decided last Friday to dismiss all the members of the Board of Directors due to their mismanagement which affected the company’s financial situation...more »
January 07, 2014 16:44
US technologies manufacturer Honeywell has reached a definitive agreement with Federal-Mogul Corporation in order to sell its Friction Material Division. The transaction worth about $155 million should be completed in the second half of this year, according to a press release sent to Govnet....more »
December 18, 2013 15:36
The asset-quality in Romania’s banking sector will continue deteriorating in 2014, according to a Fitch Rating analysis which also indicates that it will determine additional impairment provisions which will put pressure on regulatory capital. Banks are likely to remain weak in terms of profitability next year, as the operating environment will remain difficult and the economic recovery, fragile, yet it should slightly increase over 2013, as non-performing loans (NPL) start to stagnate....more »
December 16, 2013 13:03
Ioan and Viorel Micula, the two brothers owners of European Drinks, have won the lawsuit against Romania in the Court of Arbitration in Washington and thereby the Ministry of Public Finance is supposed to pay them about 84 million euro (376 million lei), plus penalties according to Mediafax....more »
December 16, 2013 11:08
The sale of copper concentrate at Cupru Min failed in lack of any biding bids from the two companies which have showed their interest in the negotiation phase - Trafigura PTE LTD Singapore and Yldirim Holding from Turkey....more »
December 13, 2013 13:39
The International Monetary Fund waits for Romanian Government to decide on whether they would like to modify the policies meant to secure the agreed deficit target, Gerry Rice, Director of the Communication Department of IMF, said during a press...more »
December 11, 2013 15:50
With an emerging economy struggling to overcome the impact of the economic crisis, Romania must focus all the efforts on its reindustrialization in order to be able to eventually align with other EU economies. Reindustrialization is thereby a second chance, an essential step for Romania’s economy to grow after 20 years of neglecting the development potential this sector has...more »
Govnet Next Events