General
October 14, 2013 10:04
The privatization of CFR Marfa saga is almost over. Since the afferent Emergency Ordinance stipulates October 14 as the deadline for carrying out the privatization and the draft of the Ministry of Transport for delaying it was not even discussed during the last Governmental meeting, the very next period is decisive for its completion or its failure. ...more »
October 09, 2013 15:40
EU Commission has decided to eventually resume payments towards Romania through POS CCE (Operational Program 'Increase of Economic Competitiveness') subsequent to measures taken by Romanian Government in that regard in order to comply with the Commission's recommendation. One of them was evaluating in August about 4000 financing requests that have been submitted starting 2011 reads a press release of the Ministry of European Funds. ...more »
October 09, 2013 11:30
Romania's Ministry of Communications and Information Society (MSI) chose Bulboaca si Asociatii law firm to provide legal support in the privatization of Romtelecom. The ministry decided in favor of the law firm upon analyzing all five offers submitted, the main decision factor being the pricing of Bulboaca si Asociatii services, which is more convenient compared to those of the other four candidates, shows a press release....more »
October 04, 2013 16:50
Upon the ArcelorMittal's decision on adding EUR66million to its capital during the Shareholders General Assembly on January 26, 2012, SIF Moldova, one of the minor shareholders started a legal action in order to possibly annul it. SIF considered the capital increase proposal lacking transparency and inopportune as per a release published at that moment, the previous increases performed being also disputed by the society....more »
October 01, 2013 13:55
Tomasz Wolanowski has been recently appointed as the new Country Manager for ABB in Romania, effective September 1, 2013. Mr. Wolanowski succeeds Mr. Peter Simon who retired after a 38 year career in ABB....more »
September 26, 2013 14:41
Third generation malls are the present, as well as the future on the market. Primarily focused on the entertainment facilities and spare time spending activities, almost 40% of the malls in Romania are part of that category according to a report released by CBRE Romania....more »
September 25, 2013 17:05
While Petrom approximates its investment will reach EUR1.2 billion this year, in 2014 they're going to invest about EUR0.8 - 1 billion in the business, said Mariana Gheorghe, General Director at Petrom, during the Reuters Investment Summit held in September.Gheorghe also talked about the possibility of Petrom expanding its business by entering the shale gas field, after Gerhard Rois, president at OMV (the group that owns Petrom) said last year that Romania should extract shale gas if geological studies indicated significant reserves....more »
September 24, 2013 14:18
Rosia Montana mining project has seized the public attention becoming a hot spot about three weeks ago when the Romanian Government sent to the Parliament a draft law to approve the start of mining in the area. The law in question, if voted, would have enabled the State to enforce locals living in the targeted mining area to relocate. Thousands of people throughout Romania have started a protest against this project and eventually succeeded to make their voice heard loud enough so that politicians stepped back fearing valuable voters support in the next elections. As usual, a special committee was formed to analyze and handle the issue, nnd eventually to decide in favor or against the mining project....more »
September 20, 2013 10:52
Romania is ranked 45 among the World's freest economies, scoring 7.32 points out of 10, six places up over 2012 in a top carried out by Canadian research institute, Fraser.According to the 'Economic Freedom of the World: 2013' annual report, the World's freest economies are: Hong Kong, Singapore, New Zealand, Switzerland, United Arab Emirates, Mauritius, Finland, Bahrain, Canada and Australia. On the other side there are Venezuela, Myanmar, Republic of Congo, Zimbabwe and Chad....more »
September 20, 2013 09:57
Timisoara Airport wants to build an intermodal terminal to ensure a connection between airport and transportation in order to possibly increase the number of passengers. The new terminal might bring 2 million more passengers according to the estimates Daniel Idolu, General Director at ‘Traian Vuia’ International Airport announced. ‘We consider building an intermodal terminal in Timisoara so that the transfer between aircraft and transportation is faster, to have an integrated system and merchants to provide tickets for public transportation. ...more »
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