Economics
January 22, 2014 11:11
The European Bank for Reconstruction and Development (EBRD) anticipates a 2.4 percent economic advance for the current year, below the World Bank’s estimation of 2.5 percent announced last week....more »
January 21, 2014 16:41
Secretary of State at the Romania’s Ministry of Justice, Putura has been elected as President of CFR’s new Board of Directors, which, in its turn, appointed Ionel Voicu (Deputy Director on European Projects) to provisionally replace George Micu as CEO of the railway company until the selection procedure for this position will be eventually finalized, is mentioned in a press release....more »
January 21, 2014 15:15
After
several years when the foreign direct investments in Romania went on a
declining path, yet with some sign o revival in 2012, last year brought a
positive evolution in terms of investments of non-resident in our
country. With a significant advance in the second half of the year, the
FDI totaled nearly 2.4 billion euro at 11 months in 2013, the maximum
of the last four years, as per the reports published by Romania’s
Central Bank....more »
January 21, 2014 10:36
Oltenia Energy Complex (CEO), the state-owned energy producer, plans to sell 60 million euro worth electricity on the Centralized Market of Bilateral Contracts managed by OPCOM through 11 auctions scheduled today. There will be a total of 1.48 TW available for purchase, with a price ranging from about 40.55 euro to nearly 41 euro per MW, depending on the energy package size put on sale....more »
January 20, 2014 16:18
EximBank signed financial
agreements worth some 50 million euro with Alro Slatina for financing its
current activity and issuing letters of guarantee and credit for contracts it
concludes, according to a press release submitted to the Bucharest Stock Exchange. ...more »
January 20, 2014 14:45
Hidroelectrica starts the selection process of the intermediary of the Initial Public Offering for the 15 percent of the shares to be issued through an increase of its social capital. Today at noon, it was the deadline for submitting the offers which eventually amounted to five, according to a press release of the state-owned company....more »
January 20, 2014 12:55
AFI Europe Romania rents out almost half of the leasable area in its new office building, AFI Park 3, to the British IT company, Endava. The contract was concluded for 40 percent (5000 m2) of the total area, being the first one AFI signed in 2014, a company release informs. This agreement includes the lease of four floors of this third office building part of the AFI Park project, as well as the possibility to extend to other areas, according to Endava’s development plan....more »
January 17, 2014 14:55
Romania’s Ministry of Public Finance reopened yesterday a 15-year bond issue launched in February 2012, raising 100 million lei from local banks, Agerpres informs. The maturity date is July 26, 2027 and the average yield, 5.41 percent....more »
January 17, 2014 13:57
Carrefour got the procedure of becoming insolvent suspended by the Bucharest Court of Appeal, after the Municipal Court approved last year, on December 23, the insolvency request of one of the retailer’s suppliers. Thus, the related procedure will be held off until Carrefour’s appeal will be definitively resolved....more »
January 16, 2014 16:19
World Bank has revised its initial estimation on Romania’s
economic progress, setting a target of 2.5 percent growth in 2014, according to
the Global Economic Prospects report published yesterday. In June 2013, the
financial institution antici...more »
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