Economics
Budget surplus with revenues from VAT up 20.8 percent in Q1
April 29, 2015 14:48
The consolidated general budget ended Q1 2015 with a significantly higher surplus, 4.9 billion lei, 0.7% of GDP respectively, compared to a surplus of 2.3 billion lei, 0.33% of GDP respectively, in the first two months of this year, according to the data released by the Ministry of Public Finance. ...more »
Support for Nabucco doesn't cause any inconvenience to the South Stream project
April 27, 2015 11:59
Bulgarian Prime Minister Boyko Borisov, in the joint press conference with the Romanian and the Serbian Prime Ministers in Craiova, said that South Stream should have been built without the EU's third energy package and that there currently isn't any contract signed by Bulgaria or Russia. The Bulgarian Prime Minister insisted on pointing out that he supports the Nabucco project, which doesn't cause any inconvenience to the South Stream project, but about which, "unfortunately, no one talks any longer."...more »
PM Ponta asks Competition Council for help after June 1 when VAT is cut on foodstuffs
April 20, 2015 14:11
Prime Minister Victor Ponta said that he also counts on the Competition Council for support, within its legal limits, for a correct implementation of the cuts in the Value Added-Tax (VAT) for food as from June 1. 'I want you to please help us after June 1, after one, two or three months of the implementation of the competition and market rules after the VAT is cut on all agri-food products. ...more »
Increasing exports and imports at two months in 2015. Trade deficit keeps narrowing
April 09, 2015 16:31
Romania’s exports and imports rose between January and February 28, 2015, with exports recording a faster growth: 3.6 percent year-on-year, whilst imports advanced by 3.3 percent. ...more »
EU funding for 40 start-ups: EUR25,000 for each of 40 business ideas
April 09, 2015 12:15
400 youths will benefit from entrepreneurial education and 40 business ideas will be supported through European funding totaling EUR1,000,000 as part of the “Entrepreneurship - a chance for a better future for youths” programme run by the Ilfov County Council in partnership with the Travel Focus Association and the Excelsior Association....more »
FSA gives the green light for listing of Fondul Proprietatea on the London Stock Exchange
April 08, 2015 17:46
The Romanian Financial Supervisory Authority (FSA) has approved eventually the Regulation regarding the listing on foreign EU markets through the depositary interests of shares listed in Romania, after the first unsuccessful attempt in November 2014. ...more »
Angelo Zuccala, named as General Manager of Crowne Plaza Bucharest
April 08, 2015 17:04
Angelo Zuccala is the new General Manager of Crowne Plaza Hotel in Bucharest, announces ANA Hotels, the franchise holder. ...more »
FedEx expands European capabilities by acquisition of TNT Express for EUR4.4 bn
April 08, 2015 15:32
FedEx Corporation and TNT Express have reached an agreement for the acquisition of all of the latter’s shares in a transaction valued at EUR4.4 billion, pursuant to a recommended public offer by FedEx....more »
New debut on AeRO: Generalcom transfers from the RASDAQ market on BVB’s alternative trading system
April 08, 2015 11:58
Generalcom Bucuresti debuts on April 8, 2015 on the AeRO market, the alternative trading system  of the Bucharest Stock Exchange after the transfer from the RASDAQ market....more »
Public lighting in Romania: between non-electrified communities and connected lighting
April 08, 2015 10:10
Romania is undoubtedly a country of contrasts and the lighting sector does not make an exception. While Romania “spread” the light across Europe with the first street lighting system in Timisoara in 1884, 131 years later, there are still non-electrified areas in the country. ...more »
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