Economics
October 06, 2015 11:44
Construction of reactors three and four of the Cernavoda Nuclear Power Plant in Romania might begin in two years...more »
October 06, 2015 11:25
Romanian Minister of Energy, Andrei Gerea stated on October 5th that Hidroelectrica might be listed in the stock market in 2017...more »
October 02, 2015 14:21
The convention signed between The Russian Federation and Romania in 1996 which regulated the transit and supply of Russian gas through Romania will expire on December 31st 2015. After this date the country will therefore have the right to resell gas coming in from Russia, and third parties will be able to gain access to the pipelines....more »
September 30, 2015 14:29
The Commission's recent fall report shows its optimistic views for the industry sector starting 2016. Data shows that 2015 was not a very good year for this particular sector. The report demonstrates a 3 percent growth per year in 2015, whereas in 2014 the rate was 3,6 percent. According to IRSOP and SNSPA's Industrial Barometer also reflects these issues, as “company managers reported a decrease in the volume of export orders and also prime matter imports, while the stocks remain diminished”. ...more »
September 30, 2015 13:45
Romanian Finance Minister, Eugen Teodorovici, declared recently that the country will start negotiations on a new deal to be signed with the International Monetary Fund by the end of this year. The focus of the negotiations will purportedly be on the implementation of structural reforms, and not budgetary deficit issues, Reuters reports. ...more »
September 29, 2015 12:33
Romania's OMV Petrom gas and oil group got approval from its shareholders to be listed on the London Stock Exchange (LSE). The company will issue GDRs (global depository receipts) for this secondary listing. Its Executive Board has the mandate to carry this on until December 31st 2016....more »
September 28, 2015 13:49
The US Trade and Developement Agency (USTDA) offered Transgaz 956,000 USD in non reimbursable funding for its gas pipe expansion project. Apparently the deal was signed by US Ambassador to Romania, Hans Klemm and the General Director of Transgaz, Petru Ion Vaduva, on September 24, 2015....more »
September 28, 2015 11:28
Electrica, the Romanian energy supply and distribution company, is planning to invest around 715 million euro until 2018, out of which 121 million this year alone, Mediafax reports. The general director of the company, Ion Rosca declared “ On the one hand important investments in the distribution sector are needed. ...more »
September 25, 2015 13:56
Dentons Bucharest office has advised the International Investment Bank in connection with a new project in Romania. The project envisaged a €15 million loan granted to the manufacturer of electrical wirings - Romcab Targu-Mureș.The credit facility will be used for financing the company’s work activities, especially the acquisition of raw materials....more »
September 25, 2015 13:40
National Bank of Romania' s Chief Economist, Valentin Lazea purportedly noted that the country's macroeconomic situation is a good one and this particular stability needs to be maintained....more »
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