Economics
June 10, 2015 12:42
Bucharest City Hall has borrowed 2.2 billion RON through a bond issue listed on the Bucharest Stock Exchange in the largest bond issue ever in Romania started by a municipality....more »
June 05, 2015 14:58
VentureConnect, the leading pitching and networking event in Romania, organized by Govnet Conferences together with BirisGoran Law firm hosted the 11th edition on June 3 in ASE’s Aula Magna, Bucharest. For the first time in Romania, VentureConnect welcomed for its pitching session Tina Baker, co-founder of JAG Shaw Baker and member of the Seedcamp Advisory Board. ...more »
June 05, 2015 12:32
Law 122/2015 for the approval of some measures for promoting electricity from renewable energy sources and also for amending and supplementing some normative acts was published in the Official Gazette. The purpose of this law is to revitalize the renewable energy market and support the companies owning projects from renewable energy sources with capacities smaller than 3 MW by enabling them the possibility to sign bilateral agreements....more »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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