Economics
September 30, 2016 15:17
Romania's energy security and strengthening US investment in the Romanian energy sector were the main topics of discussion in the framework of the fifth meeting of the Task Force for the implementation of the Strategic Partnership Romania - US. "We have a common interest in supporting BRUA pipeline construction, for which Romania has already achieved important European financing, or interconnection with Moldova for natural gas. ...more »
September 28, 2016 12:53
International bakery group Lantmännen Unibake announces the acquisition of Romanian company Frozen Bakery Products SA, a hamburger bun bakery in Bucharest, Romania, today owned by GoodMills Group, Austria. This acquisition supports the Lantmännen Unibake growth strategy to strengthen its bakery business in the Central European region. The market where Frozen Bakery Products SA is selling products is in Romania and surrounding countries such as Bulgaria, Serbia and Greece. Today, Frozen Bakery Products SA has 80 employees....more »
September 20, 2016 16:49
Under the slogan "Light Up the City through Yourself", Western city of Timisoara won the competition of becoming the second Romanian city elected European Capital of Culture after Sibiu. The other Romanian cities competing for the title were Bucharest, Baia Mare and Cluj-Napoca....more »
September 20, 2016 16:37
The Board of Directors of Electrica SA has appointed Dan Cătălin Stancu to the position of CEO, who will assume this responsibility as of October 24, 2016 informs the company in a press release. Dan Cătălin Stancu succeeds as CEO Iuliana Andronache - CFO, who assures the interim since March 2016. ...more »
September 12, 2016 14:38
Compared with the same period of last year, the turnover of the industry sector both for domestic and external market decreased in nominal terms by four percent shows the monthly report issued by the National Institute of Statistics. In July 2016, the turnover in industry, per total (domestic and non-domestic market), decreased in nominal terms both compared to the previous month by 4.0% and compared to the corresponding month of the previous year by 3.3%. ...more »
September 01, 2016 12:54
Minister of Public Finance Anca Dragu announced that the Government will present to the European Commission a plan on adopting the euro by April 2017 as it is an obligation of the Member States to state their position on the adoption of the single currency....more »
August 23, 2016 17:00
Eximbank won the tender organized by the Romanian Post for a loan of 60 million lei, with a repayment period of 36 months to finance its working capital. " Winning this financing tender in the competitive process organized by the Romanian Post...more »
July 21, 2016 16:40
Pony Car Sharing, the first car sharing company in Romania established in Cluj in 2015 is now developing a program dedicated to the business environment that will allow employees from partnering buildings to drive and return a car in a station based car sharing for daily business trips. The company plans to purchase 15 BMWs i3 by the end of the year that will be used in a series of programs in Cluj and Bucharest, a record in Romania for this type of acquisition so far, becoming the first sharing company in the country that owns an electric fleet....more »
July 18, 2016 16:03
A growth of 17 % compared to 2014 placed Romania on the 6th place in Europe when it comes to jobs created by foreign direct investments (FDI). In 2015 there were 12 000 jobs created by FDIs, according to Ernst & Young European Attractiveness Survey 2016. FDIs in Europe reached their historical maximum – 5.083 projects that generated 217.666 new workplaces. Western Europe is still the most attractive hub, with 77 % of the projects, out of which 51% are hosted by UK, Germany and France....more »
July 14, 2016 16:59
President Iohannis promulgated on 11th of July the law that binds hypermarkets to market 51% Romanian products. The normative act was adopted unanimously with 293 votes by the Chamber of Deputies in June. Before being subject to final vote, the draft law was contested and postponed by the associations that claimed the provisions breach the Romanian and European regulations and the principles of single market. Moreover, that it has the potential to affect massively the normal functioning of grocery retail....more »
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