Economics
Ponta: the Government plans new listings of state-owned companies
October 06, 2014 16:29
Companies controlled by the Romanian State, such as Hidroelectrica, Bucharest Airports, Oltenia Energy Complex and Constanta Port, will be listed on the stock exchange as per the Government’s related-programme, said Prime Minister Victor Ponta, according to Mediafax....more »
ELCEN completes division process: two new entities have been established
October 02, 2014 14:52
The division process of Electrocentrale Bucharest S.A. (ELCEN), the largest domestic thermal energy producer, has been concluded and two new companies have been created - ”Societatea Electrocentrale Constanta S.A.” and ”Societatea Electro...more »
The Government presented the General Transport Master Plan for 2014-2030
October 02, 2014 11:20
Ioan Rus, the Minister of Transport, presented the new General Transport Master Plan (GTMP) draft, which reflects the transport development strategy for 2014-2030, a prerequisite for attracting related-EU funds. The Master Plan, approved by the EU Commission, was released for public debate until October 30, 2014....more »
Belgium’s postal services operator submits non-biding offer for privatization of the Romanian Post
October 01, 2014 09:33
Belgian postal services operator bpost is the sole company which put forward a non-biding offer for the privatization of the Romanian Post. The offer was submitted on September 30, the last day of the allocated time frame and in case it is selected by the Ministry for Information Society, negotiations could be initiated without any obligation of coming up with a biding offer....more »
BNR lowers the monetary policy rate to 3 pct and cuts the cash reserve ratio to 10 pct
September 30, 2014 15:00
The Board of Romania’s Central Bank, BNR, lowered again the monetary policy rate to 3 percent, a new historic low, after a similar measure taken during the previous meeting when it was reduced from 3.50 to 3.25 percent....more »
Economic sentiment decreases in Romania in line with the evolution within the EU
September 30, 2014 11:40
In September, the Economic Sentiment Indicator (ESI) decreased in Romania, confirming the decline visible within both the EU and the euro area. After four months of successive advance, the ESI fell from 101 to 99.8 points, according to the survey displayed on the EU Commission’s website....more »
Cegedim anticipates an up to 1.5 pct decline in the pharmaceutical market
September 30, 2014 10:32
The domestic pharmaceutical market could see a drop by up to 1.5 percent this year, said Petru Craciun, CEO Cegedim Romania, during a ZF pharma-related conference. He also explained that a possible improvement so as the market moves on an uptrend next year is subject to how generous is the list of subsidized drugs, otherwise, the decline will continue....more »
The Government could eliminate the tax on special constructions for offshore platforms in the Black Sea
September 29, 2014 16:31
Ioana Maria Petrescu, the Minister of Finance, announced that the Government will except the companies operating offshore platforms in the Black Sea from paying the tax on special construction. Hence, companies such as Petrom, Lukoil or ExxonMobil will not pay the 1.5 percent tax introduced this year for the drilling wells they operate. ...more »
Romanian Infrastructure 2014 for Romanian Statutory Contract Users
September 29, 2014 09:21
The effects of introducing the new particular conditions related to the contracts designed for investments in transport infrastructure projects as proposed by the joint initiative of the Ministry of Transport, ARIC (the Romanian Association of Co...more »
Enel could abandon sale of Romanian assets
September 26, 2014 16:01
Italy’s power group could give up the announced sale of its domestic assets, as the targeted amount to be raised, 1.8 billion euro, it is little likely to be obtained, according to official sources quoted by Agerpres....more »
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