Economics
March 21, 2014 15:05
Romania’s power grid operator is new member of the American Chamber of Commerce in Romania, an advocacy and business growth professional association. “It is particularly important for Transelectrica the exchange of experience in the fields...more »
March 21, 2014 12:53
The nuclear power company yesterday concluded a contract with SC GEN-I Bucharest-Electricity Trading for the sale of nearly 2.3 TWh. The energy was sold at a bid on OPCOM (the Centralized Market of Bilateral Contracts) for a price of 166.17 lei/MWh, slightly above the starting price – 163 lei/MWh, hence the total value of the contract comes to some 381 million lei....more »
March 21, 2014 11:26
Romania’s main electricity producer and supplier plans to sell other 22 small hydropower plants from its portfolio through an open outcry auction which will be conducted within May 14 and 16, 2014. The SHPs are divided in 14 asset packages and the starting price for selling all of them is approximately 53.85 million lei (nearly 12 million euro), according to the companyțs website....more »
March 20, 2014 15:22
Deutsche Bank opens this year in Bucharest a global technology center to support its operations. The center – DB Global Technology - should be inaugurated by the end of June and will initially employ 100 people. Subsequently, the German bank intends to expand the workforce by 500 employees in 2016, according to Mediafax that quotes a press release of the bank....more »
March 20, 2014 12:10
American Superconductor (AMSC), a global engineering company providing cost-efficiency solutions and services in the energy field, yesterday announced that part of its wind power manufacturing operations in China will be relocated to a new facility in Timisoara....more »
March 19, 2014 14:58
The European Investment Bank (EIB) is lending up to 50 million euro to Garanti Bank, money that will be allocated to finance projects run by Small and Medium Enterprises, midcap companies and public sector entities in Romania. The loan is focused on fostering undertakings with positive impact on unemployment in the country....more »
March 19, 2014 11:44
The Bucharest Court of Appeal irrevocably dismissed on Monday, March 17, the appeals made by Energy Financing Team AG and Energy Financing Team Romania against the decision of Hidroelectrica’s judiciary administrator of terminating the bilateral contracts for electricity sale, a press release informs....more »
March 19, 2014 09:32
Romania’s courier market is one of the most dynamic in terms of development, recording huge growth year-on-year, especially recently since the e-commerce has started flourishing, becoming a real catalyst of the revenues registered by companies...more »
March 18, 2014 09:17
Foreign direct investments (FDI) in Romania have seen an 8 percent increase in the first month in 2014 compared to January 2013, amounting to 244 million year, according to o report released by Romania’s Central Bank....more »
March 12, 2014 13:15
Nuclearelectrica will provide almost 4 million euro to two of Romania’s most important projects: Tarnita-Lapustesti hydropower plant and the 400 Kv submarine communications cable between Romania and Turkey. The decision was taken during the Ge...more »
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