Economics
September 30, 2015 14:29
The Commission's recent fall report shows its optimistic views for the industry sector starting 2016. Data shows that 2015 was not a very good year for this particular sector. The report demonstrates a 3 percent growth per year in 2015, whereas in 2014 the rate was 3,6 percent. According to IRSOP and SNSPA's Industrial Barometer also reflects these issues, as “company managers reported a decrease in the volume of export orders and also prime matter imports, while the stocks remain diminished”. ...more »
September 30, 2015 13:45
Romanian Finance Minister, Eugen Teodorovici, declared recently that the country will start negotiations on a new deal to be signed with the International Monetary Fund by the end of this year. The focus of the negotiations will purportedly be on the implementation of structural reforms, and not budgetary deficit issues, Reuters reports. ...more »
September 29, 2015 12:33
Romania's OMV Petrom gas and oil group got approval from its shareholders to be listed on the London Stock Exchange (LSE). The company will issue GDRs (global depository receipts) for this secondary listing. Its Executive Board has the mandate to carry this on until December 31st 2016....more »
September 28, 2015 13:49
The US Trade and Developement Agency (USTDA) offered Transgaz 956,000 USD in non reimbursable funding for its gas pipe expansion project. Apparently the deal was signed by US Ambassador to Romania, Hans Klemm and the General Director of Transgaz, Petru Ion Vaduva, on September 24, 2015....more »
September 28, 2015 11:28
Electrica, the Romanian energy supply and distribution company, is planning to invest around 715 million euro until 2018, out of which 121 million this year alone, Mediafax reports. The general director of the company, Ion Rosca declared “ On the one hand important investments in the distribution sector are needed. ...more »
September 25, 2015 13:56
Dentons Bucharest office has advised the International Investment Bank in connection with a new project in Romania. The project envisaged a €15 million loan granted to the manufacturer of electrical wirings - Romcab Targu-Mureș.The credit facility will be used for financing the company’s work activities, especially the acquisition of raw materials....more »
September 25, 2015 13:40
National Bank of Romania' s Chief Economist, Valentin Lazea purportedly noted that the country's macroeconomic situation is a good one and this particular stability needs to be maintained....more »
September 25, 2015 11:21
Medical services operators in Romania have been talking about the possibility of expanding their businesses to neighboring countries. As the Ziarul Financiar publication notes, Mihai Marcu, the president of the Administration Council at Medlife is planning a transaction in this regard quite soon....more »
September 16, 2015 06:16
According to Eurostat, the statistical office of the European Union, the three countries have the highest economic growth rates in the EU in the second quarter of 2015, compared with the similar period of 2014. All the EU member states reported Gros...more »
August 25, 2015 15:35
The two units at the Cernavoda nuclear-power plant put out 6.566 million MWh worth of electricity in the first seven months of 2015, 6.043 million MWH of which were fed into the national electricity grid of Romania, according to data posted on th...more »
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