October 15, 2015 11:06
Shareholders of Banca Transilvania (BT) approved the merger with Volksbank Romania according to a recent press release....more »
October 14, 2015 15:17
According to an October 14th Romgaz press release, the company along with PanAtlantic and Lukoil have made an important natural gas deposit discovery....more »
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 »
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