Economics
September 23, 2013 21:45
The pharmaceutical market rose with about 3% compared to 2012 – the estimates indicate it will reach EUR3 billion in 2014- but the reality is a bit distorted as it is not exclusively based on the domestic market and internal consumption, as parallel exports (intra-EU trade) represent about 20% of the market.'Pharmaceutical market grew from about EUR2.3 billion in 2010 to EUR2.85 billion last year ........more »
September 23, 2013 21:44
Romania's first private medical genetics center was launched during the 'Personalized Medicine – New perspectives for Romanian patient' conference held in Bucharest on September 3rd.The investment which is worth more than two million euro is part of the World Map of Next Generation Sequencers, a world network including centers that use a high-capacity genomic sequencer platform ....more »
September 23, 2013 16:33
Spanish firms Rios Solar Renovables and Rios Total Solar, part of Spanish group Rios Renovables...more »
September 21, 2013 16:30
The temporary reduction of state support for renewable energy producers starting July 1 is showing its first effects and the sum investors will have to recover for July reaches about EUR14 million. According to data published  by power grid...more »
September 20, 2013 12:34
According to the European Federation of International Industries and Associations, Romania ranks 21 among 31 European countries in terms of investment and research in medicine. While the European average is EUR 940 millions, in Romania, the funds invested in medical research do not exceed EUR 220 millions....more »
September 20, 2013 12:30
The foreign investors have bought around 1 million hectares over the last 7 years and they are expected to massively increase the farmland acquisitions once the land market liberalization comes into force in January 2014. The Romania's cereal production has doubled since 2007 confirming the great potential of local agriculture. And this potential, along with cheaper land prices compared with the rest of EU are attractive for international investors who have great financial power....more »
September 20, 2013 12:24
The sale of the Romanian unit of the largest Portuguese bank listed on the stock is included in the BCP's restructuring plan. “The plan foresees the sale of BCP’s operation in Romania in the mid-term, as well as the sale of the bank’s shareholding in Piraeus Bank, acquired as part of the sale of Millennium Bank Greece,” BCP said in a statement....more »
September 20, 2013 12:08
Following a development stage of more than four years and a construction phase of approx. one year, VERBUND, Austria's leading electricity company, is putting into operation one of the largest on-shore wind farms of Europe, located near the Romanian Black Sea coast. Roughly one half of the 225 MW wind farm has been connected to the grid, further wind farms are to follow until the beginning of 2014. The investment volume is approx. € 380 million. A further expansion stage to 280 MW is planned until 2016. "Wind power is the ideal addition to our generation focus of hydropower, and Romania offers good overall conditions for our investment," says  CEO Wolfgang Anzengruber on the occasion of the festive opening in Bucharest. ...more »
September 20, 2013 11:14
Romania will have again, starting 2014, a cereal stock exchange, which will be based in Corabia, Olt County.The project is included in the Regional Operational Program and is running in a partnership with the Romanian Commodities Exchange (BRM).Trading will be most likely made through forward contracts (it means that the shipping date is prior agreed, as well as the payment due date)....more »
September 20, 2013 10:53
Romania ranks 5th in Europe in production of oil and gas after Norway, Great Britain, The Netherlands and Denmark according to Vasile Iuga, Managing Partner at PriceWaterhouse Coopers (PwC), South-Eastern Europe.The oil and gas produced in Romania amounted to 102 million BOE (Barrel of Oil Equivalent) last year, while Norway, the major European producer, drew 1.3 billion, followed by Great Britain – 583 million BOE, The Netherlands – 520 million BOE and Denmark – 114 million BOE.At the same time, Romania's dependence on imports is 25%, below the European average which is 50%....more »
Govnet Next Events