Economics
February 05, 2015 16:28
The retail turnover volume expanded by 7 percent last year, stimulated by rising sales of non-food products, food, beverages, tobacco, and fuel, according to a report of the National Institute of Statistics (INSSE) which does not take into consideration the turnover generated by the sales of cars and motorcycles.
During the period under review, the retail turnover had increased successively, mainly triggered by boosting sales of non-food products (+10.6 pct). Revenu...more »
February 05, 2015 15:43
Greentek LED Lighting designed and implemented the intelligent lighting project for the office spaces in AFI Park 2, which became the first building in Romania to be exclusively equipped with such a LED lighting system....more »
February 05, 2015 14:01
Investments in real estate assets, as well as new developments will be extended throughout 2015, too, continuing the tendency observed last year, according to PwC specialists who expect cities like Bucharest, Timisoara and Cluj-Napoca in particular to see intense construction activity....more »
February 04, 2015 16:52
The Board of the National Bank of Romania decided to drop again the monetary policy rate, from 2.5 percent to 2.25 percent per year, a new record-low level effective from February 5, 2015, reads a press release of BNR....more »
February 03, 2015 15:53
Deloitte invites companies specialized in clean technologies to apply for the EU Business Avenues Clean Technologies 2015 programme during which they can participate in a one-week business mission to Singapore and Vietnam. ...more »
February 03, 2015 13:50
Belgium's postal services operator, bpost, offer for taking over the majority stake of 51 percent of the shares in the Romanian Post has been accepted by the Ministry for Information Society (MSI)....more »
February 02, 2015 14:33
Holcim and Lafarge have started negotiations with CRH for the sale of several assets in Europe, Canada, Brazil and the Philippines as part of their proposed merger. The Irish building materials company had previously reached an agreement with Holcim and Lafarge for taking over their operations in the listed locations, transaction estimated at 6.5 billion euro, according to a press release....more »
February 02, 2015 12:17
The Bucharest Stock Exchange (BVB) will introduce an alternative solution, named “auction model”, to the existing trading model, that will be applied for a list of selected shares traded on the regulated market which meet the related criteria, announces a press release....more »
February 02, 2015 10:12
Hidro Tarnita, the company in charge with the development of the hydropower plant located in Tarnita-Lapustesti, the Cluj County, received five preliminary offers from investors interested to engage in the 1-billion euro project. The deadline for submitting pre-qualification documents required in this first phase of the selection process was January 30, 2015....more »
January 30, 2015 15:54
The Competition Council has imposed financial penalties totaling nearly 13 million lei (2.9 million euro) on four companies for rigging the auctions organized by Romgaz within June 2, 2008 and October 12, 2009 to award the oil and gas drilling works in Romania....more »
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