Economics
December 13, 2013 13:39
The International Monetary Fund waits for Romanian Government to decide on whether they would like to modify the policies meant to secure the agreed deficit target, Gerry Rice, Director of the Communication Department of IMF, said during a press...more »
December 13, 2013 11:21
Romania’s central bank, BNR, is considering a diminution of the required reserve ratio in 2014 both for lei-denominated liabilities and for foreign currency liabilities, but according to Mugur Isarescu, Governor of BNR, there is nearly 2 billion of excess liquidity on the money market....more »
December 12, 2013 14:39
Proprietatea Fund (FP) sold the entire stake of the shares held in Transgaz for more than 68 million euro (303.5 million lei), according to the information available on the Bucharest Stock Exchange (BVB) website. Its stake is equivalent to almost 15% of Transgaz capital, whose major shareholder is the Ministry of Public Finance....more »
December 12, 2013 14:27
Oltchim’s judicial administrators, Rominsolv and BDO Business Restructuring  will proceed on February 3, 2014 with the selection of the commitment offer for the acquisition of all the shares Oltchim S.A. owns in Oltchim SPV....more »
December 12, 2013 11:10
After the euphoria of the first trading days of Romgaz shares, when all investors sought to secure their profits obtained from the significant discounts they benefitted from during the IPO subscription, the trading volume of Romgaz shares on Bucharest Stock Exchange (BVB) exceeded the volume of traded Green Depository Receipts (GDRs) on London Stock Exchange....more »
December 11, 2013 15:50
With an emerging economy struggling to overcome the impact of the economic crisis, Romania must focus all the efforts on its reindustrialization in order to be able to eventually align with other EU economies. Reindustrialization is thereby a second chance, an essential step for Romania’s economy to grow after 20 years of neglecting the development potential this sector has...more »
December 10, 2013 15:21
As for today, Adrian Apolzan, Director of the Corporate Affairs Division at ING Bank, is the president of the Board of Directors of Romanian Post. His appointment was announced by Ion Smeeianu, the company’s General Manager, quoted by Agerpres....more »
December 10, 2013 13:47
Exports level reaches record high in October 2013 when the FOB (Free On Board) exports amounted to 4.7 billion euro. According to the preliminary estimations of INS (the National Institute of Statistics), CIF (Cost, Insurance & Freight) imports reached about 5.35 billion euro during the evaluated period....more »
December 06, 2013 12:10
EPC contractor Martifer Solar, the Romanian subsidiary of Martifer SGPS has completed the construction of two photovoltaic plants – one with an installed capacity of 2.03MW located in Halchiu, Brasov County and other of 3.38MW in Magurele, near Bucharest. The project was developed for Eurowind Energy A/S, Martifer being responsible for the engineering, procurement and construction of the two PV plants....more »
December 05, 2013 15:47
GarantiBank provided a refinancing of 10 million euro to Tinmar, one of the largest private electricity traders in Romania. The amount is for a photovoltaic plant having an installed capacity of 10MW located in Bucsani, Giurgiu County, which is part of an 18.5MW solar park inaugurated this summer. This loan does not cover but 70% of the whole investment worth 15 million euro, being granted for an almost ten-year period, according to a press release from the bank....more »
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