Economics
Bulboaca si Asociatii will represent MSI in the privatization of Romtelecom
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 »
South area of Ilfov county gathers almost half of residential projects under development
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 »
Romania's Ministry of Public Finance sold EUR 337 mln at two bond auctions
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 »
Chevron received the permit to start shale gas exploration in Vaslui
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 »
Over 40% of Romania's electricity consumption, due to renewable energy
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 »
Enel Green Power connects its third photovoltaic plant to the domestic grid
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 »
ArcelorMittal Tubular Products Roman wins a litigation with SIF Moldova for a EUR66 million capital increase.
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 »
BNR lowers again the monetary policy rate to 4.25 per cent
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 »
AdePlast runs the first IPO in 5 years in Romania's private sector
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 »
ANRE caps power distributors' ROR at 8.5% until 2018
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 »
Govnet Next Events