Economics
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 »
Romania's economic growth forecast to increase with 2.8 points in 2015 says the EC
May 06, 2015 16:30
The European Commission has slightly revised its estimates of Romania's economic growth in 2015 to 2.8 per cent, from 2.7 per cent, as estimated in February, according to the Commission's Spring 2015 Economic Forecast. 'Economic growth in Romania is forecast to remain robust in 2015 and 2016, driven by strong private consumption and recovering investment. ...more »
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 »
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