Economics
Construction works may finally kick off at Romania's new motorways
May 13, 2015 12:23
The government is initiating again the procedures for the construction of Sibiu-Pitesti, Targu Mures-Iasi and Comarnic-Brasov motorways. "I believe that it is possible this year we initiate all that means procedures in the case of the Sibiu-Pitesti, Targu Mures-Iasi and Comarnic-Brasov motorways, so that construction works may finally kick off” says Prime Minister Victor Ponta....more »
Timber business goes up in flames
May 13, 2015 09:18
The Competition Council asked for European Commission's opinion on the establishment of a 30 per cent limit for the volume of timber from each species that a company should be allowed to purchase, before introducing the measure in the draft law that will amend the existing Forestry Code. According to a release of the competition authority sent to Agerpress, the maintaining of a limit for the acquisition of timber could contradict the Treaty on the Functioning of the European Union in terms of the free movement of goods, which might trigger an infringement procedure against Romania. ...more »
Romania's economic growth forecast to increase with 2.8 points in 2015 says the EC
May 06, 2015 16:30
The European Commission has slightly revised its estimates of Romania's economic growth in 2015 to 2.8 per cent, from 2.7 per cent, as estimated in February, according to the Commission's Spring 2015 Economic Forecast. 'Economic growth in Romania is forecast to remain robust in 2015 and 2016, driven by strong private consumption and recovering investment. ...more »
Budget surplus with revenues from VAT up 20.8 percent in Q1
April 29, 2015 14:48
The consolidated general budget ended Q1 2015 with a significantly higher surplus, 4.9 billion lei, 0.7% of GDP respectively, compared to a surplus of 2.3 billion lei, 0.33% of GDP respectively, in the first two months of this year, according to the data released by the Ministry of Public Finance. ...more »
Support for Nabucco doesn't cause any inconvenience to the South Stream project
April 27, 2015 11:59
Bulgarian Prime Minister Boyko Borisov, in the joint press conference with the Romanian and the Serbian Prime Ministers in Craiova, said that South Stream should have been built without the EU's third energy package and that there currently isn't any contract signed by Bulgaria or Russia. The Bulgarian Prime Minister insisted on pointing out that he supports the Nabucco project, which doesn't cause any inconvenience to the South Stream project, but about which, "unfortunately, no one talks any longer."...more »
PM Ponta asks Competition Council for help after June 1 when VAT is cut on foodstuffs
April 20, 2015 14:11
Prime Minister Victor Ponta said that he also counts on the Competition Council for support, within its legal limits, for a correct implementation of the cuts in the Value Added-Tax (VAT) for food as from June 1. 'I want you to please help us after June 1, after one, two or three months of the implementation of the competition and market rules after the VAT is cut on all agri-food products. ...more »
Increasing exports and imports at two months in 2015. Trade deficit keeps narrowing
April 09, 2015 16:31
Romania’s exports and imports rose between January and February 28, 2015, with exports recording a faster growth: 3.6 percent year-on-year, whilst imports advanced by 3.3 percent. ...more »
EU funding for 40 start-ups: EUR25,000 for each of 40 business ideas
April 09, 2015 12:15
400 youths will benefit from entrepreneurial education and 40 business ideas will be supported through European funding totaling EUR1,000,000 as part of the “Entrepreneurship - a chance for a better future for youths” programme run by the Ilfov County Council in partnership with the Travel Focus Association and the Excelsior Association....more »
FSA gives the green light for listing of Fondul Proprietatea on the London Stock Exchange
April 08, 2015 17:46
The Romanian Financial Supervisory Authority (FSA) has approved eventually the Regulation regarding the listing on foreign EU markets through the depositary interests of shares listed in Romania, after the first unsuccessful attempt in November 2014. ...more »
Angelo Zuccala, named as General Manager of Crowne Plaza Bucharest
April 08, 2015 17:04
Angelo Zuccala is the new General Manager of Crowne Plaza Hotel in Bucharest, announces ANA Hotels, the franchise holder. ...more »
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