Economics
October 18, 2013 13:30
Two days following the inauguration of a photovoltaic park in Magurele, Prahova, the County Council announced that a solar plant intended to ensure the energy independence in the area is going to be established in Cornu. The project is based on European funding through the POS CCE program (Operational Program 'Increase of Economic Competitiveness ) - Priority 4 – increase of energy efficiency and supply security in the context of climate change - and the afferent contract was signed yesterday by the local authorities. ...more »
October 17, 2013 16:14
Dacia officially launched the new Duster in Romania, one month after its world premiere at the Auto Show in Frankfurt. With the debut of this upgraded series, Dacia finalizes the renewal process of its complete vehicle range, process started in March 2012 when Dacia Lodgy was launched....more »
October 17, 2013 14:45
Ibiza Sol follows Citadella Titan model, another real-estate project on sale upon becoming insolvent in 2012. The reorganization plan approved by its creditors provides either the sale of the whole project or the separate sale of the housing units, procedure meant to recover around EUR33 million. However, the creditor banks Alpha Bank and Raiffeisen Bank could take over the project themselves....more »
October 17, 2013 12:46
Hidroelectrica exceeded the performance indicators stipulated on the 2013 budget, in spite of facing a poor year in terms of hydrology, a lower demand on the electricity market and a decrease of the shipping prices, shows a press release....more »
October 17, 2013 11:15
Jinga, Maravela & Asociatii law firm announces its successful representation of a regional contracting authority in a litigation against the Romania’s Ministry of Environment, through a company release sent to Govnet. The contracting authority whose name cannot be disclosed at this point is a state-owned company running a EUR120 million European funding project....more »
October 16, 2013 13:29
Proprietatea Fund (FP) has started its public offering through which expects to redeem up to 600 million shares from the fund’s shareholders after receiving on October 10 the approval from the Financial Supervisory Authority (ASF). ...more »
October 16, 2013 11:39
AdePlast’s initial public offering (IPO) for listing on the Bucharest Stock Exchange (BVB), the first one run by a private company over the past five years, failed since the minimum thresehold of the shares the construction company offered for subscription has not been reached....more »
October 15, 2013 13:06
Romanian Government failed to carry out the privatization of CFR Marfa, checking another fiasco on its list. Next foreseeable step: finding someone to blame as both parties involved – the Ministry of Transport and GFR, don’t admit any liability for this failure....more »
October 14, 2013 10:04
The privatization of CFR Marfa saga is almost over. Since the afferent Emergency Ordinance stipulates October 14 as the deadline for carrying out the privatization and the draft of the Ministry of Transport for delaying it was not even discussed during the last Governmental meeting, the very next period is decisive for its completion or its failure. ...more »
October 13, 2013 12:38
Romgaz officially announced its intention to run an IPO (initial public offering) for 15% of the state-company's shares as per a company release. The shares listing is part of the privatization strategy of Romgaz stated by the Governmental Decision no. 831/2010. ...more »
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