Economics
September 30, 2015 13:45
Romanian Finance Minister, Eugen Teodorovici,
declared recently that the country will start negotiations on a new deal to be signed with
the International Monetary Fund by the end of this year. The focus of the negotiations will purportedly be
on the implementation of structural reforms, and not budgetary deficit issues,
Reuters reports. ...more »
September 29, 2015 12:33
Romania's OMV Petrom gas and oil group
got approval from its shareholders to be listed on the London Stock
Exchange (LSE).
The company will issue GDRs (global
depository receipts) for this secondary listing. Its Executive Board
has the mandate to carry this on until December 31st 2016....more »
September 28, 2015 13:49
The US Trade and Developement Agency (USTDA) offered Transgaz 956,000 USD in non reimbursable funding for its gas pipe expansion project. Apparently the deal was signed by US Ambassador to Romania, Hans Klemm and the General Director of Transgaz, Petru Ion Vaduva, on September 24, 2015....more »
September 28, 2015 11:28
Electrica, the
Romanian energy supply and distribution company, is planning to
invest around 715 million euro until 2018, out of which 121 million
this year alone, Mediafax reports.
The general director
of the company, Ion Rosca declared “ On the one hand important
investments in the distribution sector are needed. ...more »
September 25, 2015 13:56
Dentons Bucharest office has advised the International
Investment Bank in connection with a new
project in Romania. The project envisaged a €15
million loan granted to the manufacturer of electrical wirings -
Romcab Targu-Mureș.The credit facility
will be used for financing the company’s work activities,
especially the acquisition of raw materials....more »
September 25, 2015 13:40
National Bank of Romania' s Chief
Economist, Valentin Lazea purportedly noted that the country's
macroeconomic situation is a good one and this particular stability
needs to be maintained....more »
September 25, 2015 11:21
Medical services operators in Romania
have been talking about the possibility of expanding their businesses
to neighboring countries.
As the Ziarul Financiar publication
notes, Mihai Marcu, the president of the Administration Council at
Medlife is planning a transaction in this regard quite soon....more »
September 16, 2015 06:16
According to Eurostat, the statistical office of the European Union, the three countries have the highest economic growth rates in the EU in the second quarter of 2015, compared with the similar period of 2014. All the EU member states reported Gros...more »
August 25, 2015 15:35
The two units at the Cernavoda
nuclear-power plant put out 6.566 million MWh worth of electricity in
the first seven months of 2015, 6.043 million MWH of which were fed
into the national electricity grid of Romania, according to data
posted on th...more »
August 11, 2015 13:12
Three Chinese consortiums have
qualified to continue the discussions on starting the project of the
hydroelectric power plant in Tarniţa, Cluj County.
The list of pre-qualified investors,
after considering the pre-qualification documents c...more »
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