Economics
May 21, 2014 13:02
During yesterday’s meeting, the Romanian Government approved an emergency ordinance and a government decision to eliminate 10 taxes and non-fiscal tariffs, while other 17 will be merged. For the remaining 65 there will be issued ministerial orders or decisions of the presidents of institutions to eliminate, so as the legislative measures come to effect by July 1, 2014, the Ministry of Public Finance announces....more »
May 21, 2014 10:46
Although there were expected about 20 small and medium-sized companies to submit their projects for the Energy Efficiency Programme the Ministry of Economy runs between 2014 and 2017, only five such companies sent their applications by the deadline set by the ministry – May 9, 2014. ...more »
May 20, 2014 15:04
Eugen Calota, Vice President of the National Energy Regulatory Authority (ANRE), places energy efficiency as the most profitable resource for Romania for the coming 10-20 years, according to Agerpres....more »
May 20, 2014 12:06
Investment fund Equest Balkan Properties confirmed the sale of the retail park incorporating Vitantis Shopping Center which will be taken over by Revetas Capital, an investment manager in Central and Eastern Europe which targets distressed real estate projects or single asset transactions, according to Mediafax....more »
May 19, 2014 16:46
The European Investment Bank (EIB) announced it has concluded a loan agreement to provide 300 million euro financing for priority projects under the Romanian Rural Development Programme for 2007-2013. Main areas targeted are afforestation, improvement of forest management and protection and small-scale rural and agricultural infrastructure investments....more »
May 19, 2014 14:41
In the first half of this month, the state-owned energy enterprise recorded the highest levels in the past nine years in terms of daily production, exceeding 70 GWh. In 2005 when Hidroelectrica recorded a similar perfomance, the company’s annual production came to 20.1 TWh....more »
May 19, 2014 11:23
After taking over Romanian International Bank (RIB) last year, the Polish group Getin Holding enlarges its business portfolio in Romania by acquiring the domestic division of Volksbank Leasing International, in a transaction which includes VB Le...more »
May 16, 2014 16:02
The German-based logistics company, Rhenus Logistics moved its operations to Mercury Logistics Park, near the Bucharest-Pitesti highway, where rented 14,000 sqm, becoming the largest real estate transaction so far in 2014, according to GS Capital Advisory which provided advisory services to Rhenus, states ZF....more »
May 15, 2014 16:56
Foreign Direct Investments maintain the upward trend, recording a 30.1 percent advance year-on-year in the first quarter in 2014, amounting to 570 million euro, shows a report released today by the National Bank of Romania....more »
May 15, 2014 15:42
Sales volumes of drugs have declined in the first quarter of the year, the Romanian market recording sales worth nearly 669 million euro (based on distribution price), down 4 percent compared to the same period in 2013, according to research company Cegedim, informs Mediafax. The drop was lower considering the lei currency – 1.5 percent to 3 billion lei....more »
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