Economics

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 »

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 »

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 »

Proprietatea Fund (FP) sold the entire stake of the shares held in Transgaz for more than 68 million euro (303.5 million lei), according to the information available on the Bucharest Stock Exchange (BVB) website. Its stake is equivalent to almost 15% of Transgaz capital, whose major shareholder is the Ministry of Public Finance....more »

Oltchim’s judicial administrators, Rominsolv and BDO Business Restructuring will proceed on February 3, 2014 with the selection of the commitment offer for the acquisition of all the shares Oltchim S.A. owns in Oltchim SPV....more »

After the euphoria of the first trading days of Romgaz shares, when all investors sought to secure their profits obtained from the significant discounts they benefitted from during the IPO subscription, the trading volume of Romgaz shares on Bucharest Stock Exchange (BVB) exceeded the volume of traded Green Depository Receipts (GDRs) on London Stock Exchange....more »

With an emerging economy struggling to overcome the impact of the economic crisis, Romania must focus all the efforts on its reindustrialization in order to be able to eventually align with other EU economies. Reindustrialization is thereby a second chance, an essential step for Romania’s economy to grow after 20 years of neglecting the development potential this sector has...more »

As for today, Adrian Apolzan, Director of the Corporate Affairs Division at ING Bank, is the president of the Board of Directors of Romanian Post. His appointment was announced by Ion Smeeianu, the company’s General Manager, quoted by Agerpres....more »

Exports level reaches record high in October 2013 when the FOB (Free On Board) exports amounted to 4.7 billion euro. According to the preliminary estimations of INS (the National Institute of Statistics), CIF (Cost, Insurance & Freight) imports reached about 5.35 billion euro during the evaluated period....more »

EPC contractor Martifer Solar, the Romanian subsidiary of Martifer SGPS has completed the construction of two photovoltaic plants – one with an installed capacity of 2.03MW located in Halchiu, Brasov County and other of 3.38MW in Magurele, near Bucharest. The project was developed for Eurowind Energy A/S, Martifer being responsible for the engineering, procurement and construction of the two PV plants....more »
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