Economics
September 18, 2014 14:16
The French group has acquired a 12,000 sqm space in the ParkLake shopping center where will open a new hypermarket, becoming co-owner of the retail project developed by Sonae Sierra and Caelum Development, states a press release. The amount...more »
September 18, 2014 12:54
The Ministry of Finance announces the start of the first session of the state aid programme aimed at encouraging investment and enhancing regional development by creating new jobs, hence companies looking for obtaining funds through state aid can submit the related requests within September 22 and October 17, 2014, according to a press release of the ministry....more »
September 17, 2014 16:29
Romanian Minister Delegate for Energy, Razvan Nicolescu, is meeting with Enel representatives in Italy to talk about the announced sale of the domestic operations in the energy distribution sector. One of the most important topics is the sale of the 51 percent stake held in Enel Distributie Dobrogea, company which is regarded as a strategic asset, according to Nicolescu who advised the private sector not to submit any takeover offers as the State, through the companies it controls, is interested in take back control on those operations....more »
September 17, 2014 14:20
Darius Valcov, the new Minister Delegate for Budget signed an agreement with the World Bank for receiving technical support in a project aimed at improving public investment management....more »
September 17, 2014 12:49
New passenger car registrations went up by 25.8 percent in the first eight months of the year compared to 2013, Romania recording the fourth growth rate within the European Union, after Portugal (+35.7 pct), Ireland (+30.1 pct) and Croatia (+27....more »
September 16, 2014 16:30
Ionut Farcas is the new Vice President of Schneider’s Energy Division, formerly under the leadership of Florentina Toth who was promoted to President of the company in February 2014....more »
September 16, 2014 15:18
Nuclearelectrica’s Board of Directors convened this week approved the update of the revenues and expenses budget indicators for the current year. Accordingly, the nuclear power producer estimates a gross profit of about 124 million lei (213.5 percent higher than the profit foreseen in the budget approved on July 31, 2014) and a net profit of nearly 98 million lei (+254.8 percent compared to the previous budget framework)....more »
September 15, 2014 13:10
Romania is yet to see a revival in terms of foreign direct investment which kept the downward trend, dropping by 13.8 percent in the first seven months of 2014. According to the latest report released by Romania’s Central Bank, the volume of direct investment of non-residents in Romania totaled about 1.3 billion euro, in July 2014 the FDI inflows coming to only 100 million euro, volume similar to the one recorded in the previous month....more »
September 15, 2014 11:58
Remus Borza, Hidroelectrica’s judiciary administrator, forecasts profit of over 1 billion lei in 2014, after reporting gross profit of nearly 720 million lei at eight months....more »
September 15, 2014 10:45
The rebranding of the two telecom operators came to an end, Cosmote and Romtelecom officially joining the Deutsche Telekom brand as of September 13. Under the new brand, Telekom Romania, the companies will use the “T” logo as their official trademark together with the Romanian version of “Life is for sharing” which is translated into “Experiente Impreuna”....more »
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