Economics
September 19, 2013 17:06
Turnover in the Romanian automotive sector to grow by 13 – 15 per cent in 2013...more »
September 19, 2013 17:02
Egypt acquired 235.000 tones of grain from Romania, Russia and Ukraine to be delivered within November 11 and November 20, 2013 according to the General Authority for Supply Commodities (GASC) quoted by Reuters. The 60,000 tonne of wheat imported from Romania were provided by Ameropa Grains S.A Constanta, the Romanian Subsidiary of Ameropa AG Holding Switzerland... ...more »
September 19, 2013 17:01
Romania’s Nuclearelectrica nuclear national corporation has started an initial public offer (IPO) through which will sell a 10 per cent stake in-state owned. ...more »
September 19, 2013 17:00
Romania raised EUR1.5 billion in a seven-year euro-denominated bond transaction arranged by Citigroup, HSBC, Deutsche Bank and Societe Generale. The said amount was raised at 295 points over the reference mid-swap rate which at this point is around 1.825%, meaning that the yield of the bonds is 4.77%. Also, the order books amounted to EUR6.2 billion, exceeding more than four times the maximum amount targeted by the Romanian Ministry of Finance. Up to this point, Romania has sold nearly EUR 7 billion in leu-denominated notes and around EUR1.4 billion in three euro-denominated auctions....more »
September 19, 2013 16:57
Despite the losses reported by the financial and banking sectors over the past years, the foreign shareholders of banks, insurers and leasing companies of Romanian subsidiaries allocated EUR 240 between in January and July 2013 to capital increases...more »
September 19, 2013 16:56
The 'Monitoring Methodolgy of the Regulated Electricity Market' has been approved by ANRE (the National Energy Regulatory Authority). The monitoring framework is based on the requirements stipulated by the Law no. 123/2012 on electricity and natural gas....more »
September 18, 2013 17:11
The automotive parts manufacturer will receive a loan of EUR122,5 million from the European Bank for Reconstruction and Development (BERD) for developing the company's operations in several countries, including Romania. Through this financing, Faurecia will support the investment plan designed for the four countries where BERD operates: Maroc, Polonia, Rusia and Romania. Faurecia, which is the world's sixth largest automotive parts supplier has three unit productions in Romania: in Craiova, Talmaciu and Mioveni....more »
September 18, 2013 17:09
Billions of Euros in losses for Romania due to lower price of wheat...more »
September 18, 2013 16:35
With a planned rentable area of over 70,000 sqm, the Mega Mall project in Bucharest is set to start construction this year under a new shareholder structure. South-African real estate investment fund NEPI has acquired 70 percent of the shares in the project from a German firm specialized in developing retail projects.  The anchors of the project are for the moment Carrefour , C&A and  H&M....more »
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