Economics
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 »
240 million Euros capital increases in the financial sector
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 »
ANRE okays the Monitoring Methodology of the Regulated Market
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 »
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