Economics
October 07, 2015 14:34
The Romanian Senate plans to make it mandatory for big businesses to make sure that 51 percent of all meat, fruit and vegetable products that are sold in their stores are in fact grown in Romania. As Agerpres reports, the legislative proposal for completing Law number 321/2009, put forth by Social Democrat Ovidiu Dontu was recently adopted by the Senate....more »
October 07, 2015 13:48
The International Monetary
Fund revised its initial estimates concerning Romania's economic growth
rate....more »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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