Economics
Romania's strategy for accession to the euro up for consultations to ensure national political consensus
May 29, 2015 12:35
President Klaus Johannis will organize consultations with political parties to identify a national political consensus on Romania's accession to the euro area in order to ensure a smooth process in the adoption of the euro. ...more »
Hidroelectrica will not come out of insolvency this year due to ongoing processes
May 28, 2015 11:35
Due to the nineteen ongoing processes, the exit from insolvency for Hidroelectrica is not possible says Remus Borza, the Director General of the energy producer. "The processes progressing very slowly. It will not come out of insolvency for sure this year. Hopefully next year," said Borza....more »
Recolamp Association keeps committed to reach the collection targets for waste management of lighting equipment
May 25, 2015 15:49
Recolamp Association, a non-profit association specializing exclusively in the waste management of lighting equipment has published its annual activity report for 2014. Recolamp administered a budget of approximately 6,000,000 lei, representing the Green Stamp of 0.9 RON (plus VAT) applied to each bulb sold by the Association member companies. ...more »
Total contributions invoiced to consumers for the promotion of cogeneration fell by twenty eight percent
May 25, 2015 14:47
The National Authority for Energy Regulation (ANRE) has published on its website the monitoring report of the support scheme for promotion of cogeneration based on thermo energy demand in the first quarter of 2015, showing that the total value of contributions invoiced to consumers is lowered by 28 percent. From the comparison of 2014 to 2013 the report observed that the total amount of contributions invoiced consumers and suppliers exporters fell mainly due to lower contribution amount for cogeneration in the second half of 2014, compared to 2013....more »
Romanian agriculture food products to be delivered to Arab countries
May 25, 2015 09:41
Romania has signed an agreement for the delivery of agri-food products to Arab countries that provides for the setup of a collection centre in Constanta and another one in Doha or Abu Dhabi, State Secretary with Romania's Ministry of Agriculture and Rural Development (MADR) Daniel Botanoiu...more »
Investments in CNE Cernavoda units 3 and 4 might turn into a Chinese saga
May 22, 2015 11:24
The investment agreement with the Chinese company China General Nuclear Power Corporation, the investor selected for the development of units 3 and 4 at CNE Cernavoda, could be finalized by the end of the year says Energy Minister Andrei Gerea .Nuclearelectrica and China General Nuclear Power Corporation signed last year a letter of intent to proceed. The project for units 3 and 4 was evaluated in October last year, to EUR 6.45 billion, but the feasibility study which determined the investment required will be reviewed, according to Agerpres. The agreement between the two companies should have been signed in December last year, but the project is out of the schedule originally announced....more »
Tarom is still making losses and is desperately looking for a solution says Transport Minister Rus
May 13, 2015 16:38
In its strategy for the TAROM national air carrier, the Transport Ministry aims either to turn private some of the airline or enter cooperation with a big company, Transport Minister Ioan Rus told the Romanian Senate's Transport Committee adding that negotiations are underway with the Economy Ministry to take over the Romaero air services provider....more »
Romanian GDP, up 1.6 percent in Q1 2015 from Q4 2014
May 13, 2015 16:19
The GDP was higher by 1.6% in real terms in Q1 of this year compared to the Q4 2014, and compared to the similar period of last year it rose by 4.3% in unadjusted terms and by 4.2% in seasonally-adjusted ones, according to the data released by the National Statistics Institute (INS)....more »
Construction works may finally kick off at Romania's new motorways
May 13, 2015 12:23
The government is initiating again the procedures for the construction of Sibiu-Pitesti, Targu Mures-Iasi and Comarnic-Brasov motorways. "I believe that it is possible this year we initiate all that means procedures in the case of the Sibiu-Pitesti, Targu Mures-Iasi and Comarnic-Brasov motorways, so that construction works may finally kick off” says Prime Minister Victor Ponta....more »
Timber business goes up in flames
May 13, 2015 09:18
The Competition Council asked for European Commission's opinion on the establishment of a 30 per cent limit for the volume of timber from each species that a company should be allowed to purchase, before introducing the measure in the draft law that will amend the existing Forestry Code. According to a release of the competition authority sent to Agerpress, the maintaining of a limit for the acquisition of timber could contradict the Treaty on the Functioning of the European Union in terms of the free movement of goods, which might trigger an infringement procedure against Romania. ...more »
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