Economics
September 19, 2014 12:54
Romania’s nuclear power producer, Nuclearelectrica, is examining the opportunity emerged following Enel’s announcement on the sale of the Romanian assets, considering the acquisition of some of the distribution operations....more »
September 18, 2014 16:08
After Sandero, Dacia releases two more Stepway models: Lodgy and Dokker which will be officially presented at the Paris Motor Show in October 2014....more »
September 18, 2014 14:16
The French
group has acquired a 12,000 sqm space in the ParkLake shopping center where
will open a new hypermarket, becoming co-owner of the retail project developed
by Sonae Sierra and Caelum Development, states a press release. The amount...more »
September 18, 2014 12:54
The Ministry of Finance announces the start of the first session of the state aid programme aimed at encouraging investment and enhancing regional development by creating new jobs, hence companies looking for obtaining funds through state aid can submit the related requests within September 22 and October 17, 2014, according to a press release of the ministry....more »
September 17, 2014 16:29
Romanian Minister Delegate for Energy, Razvan Nicolescu, is meeting with Enel representatives in Italy to talk about the announced sale of the domestic operations in the energy distribution sector. One of the most important topics is the sale of the 51 percent stake held in Enel Distributie Dobrogea, company which is regarded as a strategic asset, according to Nicolescu who advised the private sector not to submit any takeover offers as the State, through the companies it controls, is interested in take back control on those operations....more »
September 17, 2014 14:20
Darius Valcov, the new Minister Delegate for Budget signed an agreement with the World Bank for receiving technical support in a project aimed at improving public investment management....more »
September 17, 2014 12:49
New passenger
car registrations went up by 25.8 percent in the first eight months of the year
compared to 2013, Romania recording the fourth growth rate within the European
Union, after Portugal (+35.7 pct), Ireland (+30.1 pct) and Croatia (+27....more »
September 16, 2014 16:30
Ionut Farcas is the new Vice President of Schneider’s Energy Division, formerly under the leadership of Florentina Toth who was promoted to President of the company in February 2014....more »
September 16, 2014 15:18
Nuclearelectrica’s Board of Directors convened this week approved the update of the revenues and expenses budget indicators for the current year. Accordingly, the nuclear power producer estimates a gross profit of about 124 million lei (213.5 percent higher than the profit foreseen in the budget approved on July 31, 2014) and a net profit of nearly 98 million lei (+254.8 percent compared to the previous budget framework)....more »
September 15, 2014 13:10
Romania is yet to see a revival in terms of foreign direct investment which kept the downward trend, dropping by 13.8 percent in the first seven months of 2014. According to the latest report released by Romania’s Central Bank, the volume of direct investment of non-residents in Romania totaled about 1.3 billion euro, in July 2014 the FDI inflows coming to only 100 million euro, volume similar to the one recorded in the previous month....more »
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