Economics
September 24, 2013 16:33
More than 650 million Euro worth of electricity traded
in the first half of 2013, 85% more than in the same time of last year. The bilateral contract market, where buyers
and sellers meet and sign long-term deals, saw the highest jump in amounts
traded, according to OPCOM data. Traded volume on this market stood at 9.47 TWh
of electricity or 36% of the country’s energy consumption, almost 5.5 times
more than in the same time last year. Traded electricity price fell 15.6% to
EUR43.2/MWh. ...more »
September 24, 2013 16:26
The first IPO on the Bucharest Stock
Exchange in five years, the public offering of 10% in Romania’s state-run
nuclear power producer Nuclearelectrica was received with interest from small investors. Small investors
subscribed 2.3 times mores shares than they are offered at the IPO and allotted
90 million lei (EUR20.1 million) by 05:00 p.m.. They may subscribe 10% of the
25.3 million new shares the company wants to sell....more »
September 24, 2013 14:18
Rosia
Montana mining project has seized the public attention becoming a hot
spot about three weeks ago when the Romanian Government sent to the
Parliament a draft law to approve the start of mining in the area.
The law in question, if voted, would have enabled the State to
enforce locals living in the targeted mining area to relocate.
Thousands of people throughout Romania have started a protest against
this project and eventually succeeded to make their voice heard loud
enough so that politicians stepped back fearing valuable voters
support in the next elections. As usual, a special committee was
formed to analyze and handle the issue, nnd eventually to decide in
favor or against the mining project....more »
September 23, 2013 22:39
Even in these turbulent times for Renewable energy, PV plants are
being constructed. The
juwi group just started the construction of two PV plants in Romania.
The plants are situated near the towns Satu Mare (North-West Romania)
and Butimanu (approx. 50 km north-west of Bucharest). They are being
built by the Italian juwi subsidiary juwi Energie Rinnovabili Srl in
cooperation with the Bulgarian subsidiary juwi Solar GmbH in Sofia....more »
September 23, 2013 21:56
Antibiotice Iasi, Romania's largest drugs supplier could expand its businesses throughout the region provided the company receives support from an investor. Besides that, an improved legislation would also be helpful according to the company's general manager, Ioan Nani.' Antibiotice can become a regional player, but it cannot do that all by itself. It must attract investors for further growth and development' said Nani during a conference. He also added that Antibiotice Iasi does not differentiate from other drug suppliers on the market, being licensed in the United States and being present on most regulated market....more »
September 23, 2013 21:50
Despite the number of drugstores is raising by 6.4% a year as well as
their average turnover per pharmacy which is increasing by 2.4%, Romania
remains at bottom among European countries."Although there are
demographic criteria for the establishment of pharmacies, their number
has increased by 6.5% a year, while their turnover rose by 2.4% a year,”
said Clara Popescu, Vice-president of the College of Pharmacists,
during a conference....more »
September 23, 2013 21:45
The pharmaceutical market rose with about 3% compared to 2012 – the estimates indicate it will reach EUR3 billion in 2014- but the reality is a bit distorted as it is not exclusively based on the domestic market and internal consumption, as parallel exports (intra-EU trade) represent about 20% of the market.'Pharmaceutical market grew from about EUR2.3 billion in 2010 to EUR2.85 billion last year ........more »
September 23, 2013 21:44
Romania's first private medical genetics center was launched during the
'Personalized Medicine – New perspectives for Romanian patient'
conference held in Bucharest on September 3rd.The investment
which is worth more than two million euro is part of the World Map of
Next Generation Sequencers, a world network including centers that use a
high-capacity genomic sequencer platform ....more »
September 23, 2013 16:33
Spanish firms Rios Solar Renovables and Rios Total Solar, part of Spanish group Rios Renovables...more »
September 21, 2013 16:30
The
temporary reduction of state support for renewable energy producers starting
July 1 is showing its first effects and the sum investors will have to recover
for July reaches about EUR14 million. According to data published by power grid...more »
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