Economics
Romania, in top 5 oil and gas producers in Europe
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 »
Economic freedom increased in Romania compared to 2012
September 20, 2013 10:52
Romania is ranked 45 among the World's freest economies, scoring 7.32 points out of 10, six places up over 2012 in a top carried out by Canadian research institute, Fraser.According to the 'Economic Freedom of the World: 2013' annual report, the World's freest economies are: Hong Kong, Singapore, New Zealand, Switzerland, United Arab Emirates, Mauritius, Finland, Bahrain, Canada and Australia. On the other side there are Venezuela, Myanmar, Republic of Congo, Zimbabwe and Chad....more »
Romania, the highest increase in construction field among EU stats in July
September 20, 2013 10:00
Romania registered the largest increase in production in the construction sector in Eu in July 2013 on June 2013. EUROSTAT reports an increase of 8,6% in Romania, while in EU there was an increase of only 0,7% and of 0,3% in euro area.Among the EU Member States, production in construction rose in nine, fell four and remained stable in The Netherlands...more »
112 million euro intermodal terminal at Timisoara Airport
September 20, 2013 09:57
Timisoara Airport wants to build an intermodal terminal to ensure a connection between airport and transportation in order to possibly increase the number of passengers. The new terminal might bring 2 million more passengers according to the estimates Daniel Idolu, General Director at ‘Traian Vuia’ International Airport announced. ‘We consider building an intermodal terminal in Timisoara so that the transfer between aircraft and transportation is faster, to have an integrated system and merchants to provide tickets for public transportation. ...more »
Automotive manufacturing segment businesses exceeds EUR9 billion in 2013
September 19, 2013 17:07
Despite the economic crisis, the Romanian automotive industry turnover has continuously increased up to EUR13,27 billion in 2012, EUR3 billion more than 2010. Almost 70% of this amount was generated by the auto parts manufacturers – more than 600 companies in the field....more »
Dacia plant became an important target for investors
September 19, 2013 17:07
Dacia plant became an important target for investors in the automotive supply field due to the EUR2 billion Renault Group invested in Romania.'There are 648 suppliers of parts for series production, 248 suppliers of aftermarket parts and another 108 companies working with Renault Romanian branch. We aim to give our suppliers the opportunity to develop. We are aware that it means spending money, but it will prove to be worth the effort. Dacia is now looking for plastic parts suppliers, powertrain foundry suppliers, aluminum wheels, steering columns and aluminum recyclers suppliers....more »
Turnover in the Romanian automotive sector to grow by 13 – 15 per cent in 2013
September 19, 2013 17:06
Turnover in the Romanian automotive sector to grow by 13 – 15 per cent in 2013...more »
Egypt imports 62.000 tonnes of wheat from Romania
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 »
Nuclearelectrica IPO - the first one on BVB (Bucharest Stock Exchange) in the last five years
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 »
Romania gets EUR1.5 billion in Eurobond
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 »
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