Economics
October 09, 2013 11:30
Romania's Ministry of
Communications and Information Society (MSI) chose Bulboaca si Asociatii law
firm to provide legal support in the privatization of Romtelecom. The ministry
decided in favor of the law firm upon analyzing all five offers submitted, the
main decision factor being the pricing of Bulboaca si Asociatii services,
which is more convenient compared to those of the other four candidates, shows a
press release....more »
October 08, 2013 16:57
South area of Ilfov county continues to be the most attractive area to local real-estate investors, considering the land's price, which is low, the infrastructure of public transportation and the easy-access roads. ...more »
October 07, 2013 17:03
Two
bond auctions brought Romania's Ministry of Public Finance EUR337
million (RON1.5 billion), 50% more than the debt planned to be sold....more »
October 07, 2013 16:07
Chevron got a
construction permit for placing the first gas shale exploration well
in Romania, upon state-authorities approved the soil exploration in
Silistea, Vaslui, transmits Mediafax. Having the authorization from
the Vaslui County Council after providing the required documentation,
Chevron is going to start setting up the exploration well in the
area....more »
October 07, 2013 13:02
From the total amount of domestic
consumption between January 1 and August 31, 2013, more than 41.6% is
due to renewable energy....more »
October 07, 2013 11:40
Enel Green Power has
connected its third photovoltaic park to the national electricity
grid upon the company managed to connect the first two parks in July
2013. The operational project for solar energy is located in
Colibasi, Giurgiu county, having an installed capacity of 6.5 MW....more »
October 04, 2013 16:50
Upon the
ArcelorMittal's decision on adding EUR66million to its capital during
the Shareholders General Assembly on January 26, 2012, SIF Moldova,
one of the minor shareholders started a legal action in order to
possibly annul it. SIF considered the capital increase proposal
lacking transparency and inopportune as per a release published at
that moment, the previous increases performed being also disputed by
the society....more »
October 03, 2013 16:13
BNR (Romania's central bank) decided on reducing again the monetary
policy rate after a similar measure has been applied upon the previous
Board of Directors meeting in August 2013. Under these circumstances,
starting October 1st, the rate is 4.25%, 0.25 percentage points down.'During
the meeting BNR's Board of Directors had on September 30, there has
been decided to lower the monetary policy rate to 4.25% a year from
4.5%, starting October 1st , to properly manage liquidity in the banking
system, as well as maintain the current levels of minimum reserve
requirement ratios on both RON- and foreign currency-denominated
liabilities of credit institutions.' BNR announced through a press
release....more »
October 03, 2013 16:02
The IPO (Initial Public Offering) run by Adeplast, the Romanian market
leader in construction materials field, is in the spotlight of the
local stock market. The offering is the first one in the Romanian
private sector in the last five years, as well as the first one in which
all subscriptions are revocable.Razvan Pasol, President at
Intercapital Invest, the company assisting the offering, together with
BCR, also stresses the importance of AdePlast's IPO: 'The AdepLast's
initial public offering is one of the most important stock events in the
last years. Through AdePlast's listing we show that powerful Romanian
companies are able to finance their development through the capital
market as well.(...) He hope that other successful Romanian contractors
will follow AdePlast.'Being launched on October 2, it will be open
until October 15, the company planning to sell 16.5 million shares
priced at RON3.52 to RON4.06 in order to possibly attract up to RON66.7
million (about EUR15 million)....more »
October 03, 2013 15:57
Romania's energy market regulator, ANRE, capped at 8.5% the rate of
return (ROR) applied to investments made by electricity suppliers,
cutting down on the previous rate of 10%. The new rate will apply both
to the value of investments distributors in this field will make from
now on and to the regulatory asset base for power distribution.Nonetheless,
there might be added another 0.5% to the new ROR, provided the
distributors direct their investments in smart energy and their
technological consumption goes below the threshold established by ANRE....more »
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