Economics
IMF raises economic growth estimates for Romania
October 07, 2015 13:48
The International Monetary Fund revised its initial estimates concerning Romania's economic growth rate....more »
Romanian Competition Council fines 82 lacquer and paint market companies
October 07, 2015 09:29
The Romanian Competition Council has fined four producer and 78 distributor companies in the lacquer and paint market following certain irregularities with respect to deals between the two sides that established product prices....more »
In 2014 there were twice as Many Postal Parcels Processed as in 2013
October 06, 2015 12:05
According to the Statistical data report on the 2014 postal services marketpublished by ANCOM, 2.3 times more postal parcels were processed in Romania last year, compared to 2013, 90% of which were processed by private providers. The total postal traffic kept a moderately growing trend in 2014, registering an increase by more than 10%, i.e. exceeding 600 million items. Out of these, over 95% were processed by the universal service provider and by other ten large volume private operators...more »
Romania might start work on Cenavoda reactors 3 and 4 in two years time
October 06, 2015 11:44
Construction of reactors three and four of the Cernavoda Nuclear Power Plant in Romania might begin in two years...more »
Hidroelectrica's potential stock market listing sparks investor interest
October 06, 2015 11:25
Romanian Minister of Energy, Andrei Gerea stated on October 5th that Hidroelectrica might be listed in the stock market in 2017...more »
Gazprom pipeline usage rights agreement with Romania to expire
October 02, 2015 14:21
The convention signed between The Russian Federation and Romania in 1996 which regulated the transit and supply of Russian gas through Romania will expire on December 31st 2015. After this date the country will therefore have the right to resell gas coming in from Russia, and third parties will be able to gain access to the pipelines....more »
Romania's National Prognosis Commission anticipates growth in the industry sector
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 »
Finance Minister says Romania will negotiate a new deal with the IMF
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 »
OMV Petrom shareholders approve group's London Stock Exchange listing
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 »
USTDA to finance Transgaz project
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 »
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