Economics
October 06, 2014 16:51
The Competition Council has imposed financial sanctions on 11 media companies, the fines amounting to about 3.2 million euro (14.5 million lei). Brand Programming Network, B.V. McCann-Erickson, Groupm Media Operations, Initiative Media, Mediaedgecia Romania, Mindshare Media, Opti Media, Starcom Mediavest Group, United Media Services, Zenith Media Communications are the companies affected, according to a press release of the competition authority....more »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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