Economics
April 09, 2014 16:30
After a year during which the trade deficit kept narrowing, the latest report released by the National Institute of Statistics (INSSE), shows that the first two months of the year recorded a higher trade deficit compared to the similar period in...more »
April 09, 2014 14:36
Hidroelectrica has already sold all the energy that was budgeted for sale this year following yesterday’s bid on OPCOM, the Centralized Market of Bilateral Contracts when sold almost 920 GWh for 153 million lei (about 35 million euro). ...more »
April 09, 2014 12:35
Chevron received its second construction permit for a shale gas exploration well in Puiesti, Vaslui County. The local authorities have authorized the exploration project after more than half a year after starting the related procedures, Mediafax informs. Earlier this year, on January 30, the local Environmental Protection Agency issued an environmental permit for Chevron, authorizing drilling operations in the perimeter....more »
April 08, 2014 16:07
The South African investment group NEPI (New Europe Property Investment) has run an equity raising of some 80 million euro through an accelerated book build, funds that will be used to support its future development  and potential acquisition opportunities within Romania and the broader Central Eastern Europe region, according to an informing sent to the Bucharest Stock Exchange....more »
April 07, 2014 17:02
Hidroelectrica concluded 29 contracts for the sale of some 615.7 GWh, following bids on OPCOM (the Centralized Market of Bilateral Contracts) held on April 3 and 4, respectively, for an average price of 163.3 lei/MWh, consequently, the total value of those contracts comes to some 105 million lei....more »
April 07, 2014 15:39
BCR, BRD – Groupe Societe Generale, Raiffeisen Bank and UniCredit Tiriac Bank are going to establish the Council of Employers in Romania’s Banking Sector (CPBR), an entity intended to promote its members’ interest in their relations with the authorities, Mediafax informs. The registration procedures have already been initiated, the corresponding documents being submitted to the Bucharest Court, hence it is expected to be completed in the first half of the year – by the end of June 2014....more »
April 07, 2014 13:20
The Danish retailer JYSK has leased 1.200 sqm in ColosseumRetail Park, the new retail box being scheduled for opening this week, on April 10. Located in the North-West Bucharest, the retail park developed by Nova Imobiliare and inaugurated in 2011, has a leasable area of 37.500 sqm, including among its major tenants Carrefour, Altex and Leroy Merlin Bricolage. With the new lease agreement concluded, transaction arranged by Jones Lang LaSalle, there remains a single big box unit available, its letting being currently under negotiations...more »
April 06, 2014 12:52
Last year’s boost in agricultural production is little likely to occur again, not because the potential lacks, but because Romania’s agriculture is still weather-dependant. The agribusiness sector had a positive impact on the country’s economic growth in 2013, likewise the industry which was the main field fuelling the 3.5 percent advance in the Gross Domestic Product – the agriculture recorded a 1.7 percent contribution to the GDP’s growth rate, translated into a contribution of 6.9 percent to the GDP’s nominal value, according to the data released by the National Institute of Statistics (INS)....more »
April 04, 2014 12:08
CEZ considers the sale of a minority stake in the Fantanele-Cogealac wind farm in Romania, according to Reuters. The investment of 1.1 billion euro is the largest land-based one in Europe, having an installed capacity of 600 MW. The...more »
April 03, 2014 15:08
The American group Cargill, an international producer and marketer of food, agricultural, financial and industrial products and services, appoints Vasile Varvaroi as General Manager of the Romanian subsidiary, position he will effectively take as from June 1, 2014, a press release announces....more »
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