Economics
March 12, 2014 11:16
Romania’s Energy Regulatory Authority has set this year’s price limit for trading green certificates, thus the cost of a green certificate on the corresponding market will range from 130.69 lei (29.28 euro) to 266.22 lei (59.647 euro). The level is similar to that in 2012 (129.64 lei/ 28.876 euro, 264.09 lei/ 58.823 euro, respectively), a slight increase being applied....more »
March 11, 2014 16:26
Cargus, one of the largest courier companies operating in the Romanian market, has recorded 20 percent higher income in the last year, income which amounted to 25.7 million, based on these figures, 2013 becoming the best-performing year for Cargus since its establishment....more »
March 11, 2014 14:42
A new airline enters the Romanian market. Fly Romania, part of Ten Airways, company owned by Ovidiu Tender, will operate domestic and international flights starting May 15. Departures will be available from Bucharest, Timisoara and Tulcea towards Italy, Spain, Germany and Turkey, the domestic offer including Bucharest-Timisoara and Bucharest-Tulcea routes....more »
March 11, 2014 10:39
The Energy Efficiency programme run by Romania’s Ministry of Economy is supported by 8 million euro grants provided by Norway, Liechtenstein and Iceland. Total funds allocated the programme, which is co-financed, come to 9.4 million, the remaining amount representing Romania’s contribution....more »
March 10, 2014 16:29
French-based company Schneider Electric, also operating Romania today confirmed negotiations on the sale of Custom Sensors & Technologies (CST) division, a transaction worth some 900 million dollar, according to the financial newspaper Les Echos....more »
March 10, 2014 12:22
Rompetrol Group changes its name to KazMunayGas International, based on the strategy of consolidating its operations under the original brand, thus all activities will be integrated into KMG, the Kazakh oil and gas state-owned enterprise. The d...more »
March 10, 2014 10:52
Grup Servicii Petroliere (GSP) officially inaugurated last Friday, March 7 the Uranus drilling platform, an investment worth 44 million dollar. Nearly 70 percent of the amount has been covered by a 30 million dollar loan from EximBank, the company controlled by Gabriel Comanescu providing the remaining part of the costs of the investment which included the purchase and modernization of the offshore drilling platform....more »
March 07, 2014 12:49
Fondul Proprietatea (FP) advises its shareholders to support a secondary listing of the Fund on the Specialist Fund Market (SFM) of the London Stock Exchange by the end of 2014....more »
March 07, 2014 11:51
The credit rating agency has affirmed Romania’s long-term IDR (Issuer Default Rating) at ‘BBB-‘ and local currency IDR at ‘BBB’, the outlooks being stable, a press release states. Similarly, the issue ratings on senior secured foreign and local currency bonds have been affirmed at ‘BBB-‘ and ‘BBB’, respectively. ...more »
March 06, 2014 15:56
Alro Slatina, one of the leading aluminum producers in the Central and Eastern Europe, announces that will issue a plan for temporarily closing an important part of its key-production capacities of primary aluminum which will result in a drastic reduction of power consumption, according to a company release. These measures are determined by the higher mandatory quota of green certificates (GCs) set recently by ANRE – Romania’s Energy Regulatory Authority, which will have a negative impact on the company in terms of expenditures, and it could lead to a significant decrease in the number of its employees....more »
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