Economics
January 22, 2015 11:04
Schneider Electric received the Stewardship Award for Efficiency Initiative in the Commercial End-User category at the 2014 Platts Global Energy Awards, recognizing its efforts to conserve and manage energy consumption at more than 300 company facilities around the world through its Energy Action Program, according to a press release....more »
January 21, 2015 17:19
In the four years since floating on the Bucharest Stock Exchange, Fondul Proprietatea's shares boosted their value by almost 85 percent, given the price on January 20, 2015 (and by 78 percent at 2013 year-end), explained Greg Konieczny, the representative of Franklin Templeton, the Fund Manager of Fondul Proprietatea. ...more »
January 21, 2015 17:03
Ford Romania has strengthen its presence on the domestic market last year, registering significant increases across all segments and thus reaching a market share of 8.21 percent, compared to 6.98 percent in 2013, announces the company....more »
January 20, 2015 17:19
Starwood & Resorts hotel chain enters Romanian market where will operate under the Sheraton brand after concluding a franchise agreement with Grand Plaza Hotel in Bucharest, formerly known as Howard Johnson, reads Mediafax....more »
January 20, 2015 15:26
Oltchim anticipates a significant improvement in its financial evolution corresponding to 2014, the second year of insolvency, when the preliminary results indicate a turnover 25 percent higher year-on-year, increasing exports and an improved EBITDA, according to a press release of the state-owned company....more »
January 20, 2015 11:19
Romania’s main electricity producer and supplier plans to sell additional 33 small hydropower plants (SHPs) from its portfolio of 128 power stations through an auction which will be conducted in February 2015, said Remus Borza, representative of Euro Insol, the judicial administrator of Hidroelectrica (in insolvency since February 2014), according to Mediafax....more »
January 19, 2015 15:43
The European Bank for Reconstruction and Development has maintained the forecasts as regards Romania's economy which is expected to advance by 2.8 percent in 2015, indicates the latest regional report of the financial institution....more »
January 19, 2015 12:51
Dacia's sales moved upwards last year when the group sold nearly 511,500 vehicles, thus maintaining a 19 percent growth rate as in 2013 which drives it on top among mainstream brands in terms of sales in Western Europe. On the domestic market Dacia also increased its sales by 19 percent to circa 29,700 units, the market share standing at 31.2 percent, according to a press release. ...more »
January 16, 2015 14:40
Bucharest-based Raiffeisen Leasing, the subsidiary of Austria’s Raiffeisen Bank International has been provided a 132 million lei (about 30 million euro) loan by the European Bank for Reconstruction and Development, funds which will be on-lent to micro, small and medium-sized enterprises (MSMEs) to finance leases of equipment, trucks, trailers and commercial vehicles, according to a press release of the financial institution....more »
January 14, 2015 16:35
Industrial production in Romania went up between January and November 2014 over the same period last year, increasing both as gross series, by 6.3 percent, and as series adjusted by number of working days and seasonality, by 7.5 percent, announces the National Institute of Statistics (INSSE)....more »
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