Economics
December 20, 2013 11:52
Almost 24 years after construction started, Hidroelectrica inaugurated yesterday the Racovita Hydroelectric Power Plant, although, it will be effectively operational as from the beginning of the next year, upon a testing period. It is the 27th power plant already inaugurated out of 30 other power production facilities included in the project concerning the hydro-energetic development on the Olt river....more »
December 19, 2013 13:57
Piraeus Bank group has completed the sale of its subsidiary, ATE Bank Romania, to Dorinel Umbrarescu upon eventually getting all the required approvals, a press release of the Greek bank informs....more »
December 18, 2013 15:36
The asset-quality in Romania’s banking sector will continue deteriorating in 2014, according to a Fitch Rating analysis which also indicates that it will determine additional impairment provisions which will put pressure on regulatory capital. Banks are likely to remain weak in terms of profitability next year, as the operating environment will remain difficult and the economic recovery, fragile, yet it should slightly increase over 2013, as non-performing loans (NPL) start to stagnate....more »
December 18, 2013 11:43
After paying almost 62 million euro for the Lakeview office building, which has been considered the biggest real estate transaction in 2013, the South-African Group has acquired City Park Constanta shopping center for 81 million euro, according to ZF....more »
December 17, 2013 13:52
New Dacia car registrations increased by 21.1% between January and November, 2103 recording the highest growth among the EU countries this year. Dacia’s sales rate significantly improved in November 2013, over the same month last year, registering a progress of 31.1%, according to an ACEA’s report. ...more »
December 16, 2013 13:03
Ioan and Viorel Micula, the two brothers owners of European Drinks, have won the lawsuit against Romania in the Court of Arbitration in Washington and thereby the Ministry of Public Finance is supposed to pay them about 84 million euro (376 million lei), plus penalties according to Mediafax....more »
December 16, 2013 11:08
The sale of copper concentrate at Cupru Min failed in lack of any biding bids from the two companies which have showed their interest in the negotiation phase - Trafigura PTE LTD Singapore and Yldirim Holding from Turkey....more »
December 13, 2013 15:22
Foreign direct investments (FDI) in
Romania amounted to nearly 1.82 billion euro after ten months this year,
dropping by 8.2% over the same period in 2012, according to a report released by the Central Bank. However, there’s an improvement give...more »
December 13, 2013 13:39
The International Monetary Fund waits for Romanian
Government to decide on whether they would like to modify the policies meant to
secure the agreed deficit target, Gerry Rice, Director of the Communication
Department of IMF, said during a press...more »
December 13, 2013 11:21
Romania’s central bank, BNR, is considering a diminution of the required reserve ratio in 2014 both for lei-denominated liabilities and for foreign currency liabilities, but according to Mugur Isarescu, Governor of BNR, there is nearly 2 billion of excess liquidity on the money market....more »
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