Economics
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 »
China Nuclear Power Corporation submitted a binding offer for the Cernavoda project
September 26, 2014 13:17
China General Nuclear Power Corporation this week submitted a binding offer for the project regarding the completion of Units 3 and 4 of the nuclear power plant from Cernavoda. Subsequently, the Government will analyze the offer and will initiat...more »
SAPE has commenced arbitration action against ENEL at the ICA in Paris.
September 24, 2014 17:06
The company in charge with the management of the State’s interest in the energy sector (SAPE) has been admitted the request for arbitration in the Enel case, by the International Court of Arbitration from Paris (ICA), reads a news release from the Department for Energy....more »
Telekom to auction Bucharest Telephone Palace and other two assets for 21.6 mln euro
September 24, 2014 15:43
Telekom Romania Communications, formerly Romtelecom, has put up for sale a lot of three real estate assets, among which the Telephone Palace, which will be sold through an auction for a starting price of 21.6 mln euro. ...more »
Electrica’s shareholders elected the Board of Directors
September 24, 2014 14:19
Electrica’s first General Meeting of Shareholders subsequent to its IPO convened on September 22, 2014 and elected a new management by cumulative vote, as anticipated....more »
NEPI does due dilligence for taking over Promenada mall
September 23, 2014 13:36
The South African investment fund is negotiating the acquisition of Promenada mall from Raiffeisen Evolution, the transaction involving the retail project which required investment of 130 million euro being in due diligence phase, reads Mediafax, quoting Martin Slabbert, NEPI’s CEO....more »
Romania moves down one position in EY’s Renewable energy country attractiveness index
September 22, 2014 14:57
Romania falls to the 32nd position in the EY’s report on the attractiveness of investment destinations in terms of renewable energy projects, after being ranked the 31stin the report related to the previous quarter....more »
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