Economics
Privatization of CFR Marfa – another Oltchim case?
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 »
Romgaz officially confirms the IPO for 15% of its shares
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 »
Trade deficit, down 40% between January – September 2013
October 10, 2013 11:27
Following the growth registered by exports and the decrease of imports over the first eight months of the last year, INS (National Institute of Statistics) reports a fall of 40 per cent in trading deficit....more »
POS CCE funds, available again to Romania's private sector
October 09, 2013 15:40
EU Commission has decided to eventually resume payments towards Romania through POS CCE (Operational Program 'Increase of Economic Competitiveness') subsequent to measures taken by Romanian Government in that regard in order to comply with the Commission's recommendation. One of them was evaluating in August about 4000 financing requests that have been submitted starting 2011 reads a press release of the Ministry of European Funds. ...more »
Bulboaca si Asociatii will represent MSI in the privatization of Romtelecom
October 09, 2013 11:30
Romania's Ministry of Communications and Information Society (MSI) chose Bulboaca si Asociatii law firm to provide legal support in the privatization of Romtelecom. The ministry decided in favor of the law firm upon analyzing all five offers submitted, the main decision factor being the pricing of Bulboaca si Asociatii services, which is more convenient compared to those of the other four candidates, shows a press release....more »
South area of Ilfov county gathers almost half of residential projects under development
October 08, 2013 16:57
South area of Ilfov county continues to be the most attractive area to local real-estate investors, considering the land's price, which is low, the infrastructure of public transportation and the easy-access roads. ...more »
Romania's Ministry of Public Finance sold EUR 337 mln at two bond auctions
October 07, 2013 17:03
Two bond auctions brought Romania's Ministry of Public Finance EUR337 million (RON1.5 billion), 50% more than the debt planned to be sold....more »
Chevron received the permit to start shale gas exploration in Vaslui
October 07, 2013 16:07
Chevron got a construction permit for placing the first gas shale exploration well in Romania, upon state-authorities approved the soil exploration in Silistea, Vaslui, transmits Mediafax. Having the authorization from the Vaslui County Council after providing the required documentation, Chevron is going to start setting up the exploration well in the area....more »
Over 40% of Romania's electricity consumption, due to renewable energy
October 07, 2013 13:02
From the total amount of domestic consumption between January 1 and August 31, 2013, more than 41.6% is due to renewable energy....more »
Enel Green Power connects its third photovoltaic plant to the domestic grid
October 07, 2013 11:40
Enel Green Power has connected its third photovoltaic park to the national electricity grid upon the company managed to connect the first two parks in July 2013. The operational project for solar energy is located in Colibasi, Giurgiu county, having an installed capacity of 6.5 MW....more »
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