Economics

Recolamp Association collected and recycled 480 tons of lighting equipment waste last year, achieving the European target of 40 percent calculated based on the average put on the market over the past two years by the Romanian producers it collaborate with, according to a media release. ...more »

In the attempt to eventually put an end to the dispute sparked following the introduction of the 7 eurocents excise duty on fuel, the Government has found the solution so as to implement that measure and at the same time, to get signed the Memorandum with the International Monetary Fund by the President....more »

The Credit Guarantee Program for SMEs engaged 20 banks which submitted their applications within the given period whose deadline was last Thursday, January 30, The National Fund for Credit Guarantee for Small and Medium Enterprises announced through a media release, Agerpres informs....more »

Last year the Romanian accommodation industry recorded a growth in the number of tourists arriving in corresponding establishments, as well as in terms of overnight stays....more »

Real estate investment company Globalworth Real Estate Investments appointed BOG’ART as general contractor for the construction of the Bucharest One office tower, according to the company. BOG’ART is one of the largest contractor and construction companies in Romania, having been responsible for several office real estate projects in Bucharest such as Tower Center International, Charles de Gaulle Plaza and City Gate.
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The European branch of the US based technology manufacturer plans to reorganize and expand its operations in an EU country where aims to establish a facility for the new production line of hydraulic cylinders. Also, the company considers relocating its European Division’s headquarter, Romania being an option, as the Ministry of Economy informs....more »

Chevron got a new permit to start shale gas exploration in its fourth perimeter in Vaslui, at Puiesti, the local Envrironmental Protection Agency issuing the document since there was no contestation against the project received, Mediafax informs....more »

Raiffeisen Leasing today announced that managed to carry out the procedures for taking over the leasing portfolio from ING Lease which includes assets exceeding 30 million euro and about 60 corporate clients. The transaction has been completed on the basis of an agreement concluded in October 2013....more »

Jeongwoo Kim is the new president of the Romanian subsidiary of the South-Korean technology manufacturer, hence replacing Young Lak Jung who has managed Samsung Electronics Romania over the past four years. The latter will continue its cooperation with Samsung, being assigned a global position within the company, Mediafax informs...more »

Oltenia Energy Complex (CEO) today signed a financing agreement with the European Bank for Reconstruction and Development meant to facilitate the refurbishment of the unit 6 of the Turceni thermal power station, Agerpres informs....more »
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