Economics

IT
services organization, Endava has appointed Eoin Woods from UBS to
take up the newly created position of CTO (Chief Technology Officer).
In
this role, Woods will be in charge with defining technical direction
within the firm and to key cli...more »

Romanian-owned companies show more optimism in 2015 about the expected growth of their turnovers, investments, salaries, or workforce, than the foreign enterprises operating in our country, according to EY Romania's “New vision for growth 2015” study....more »

While these days modern lighting is equivalent to using LED equipment, the technology developments achieved in recent years have brought this concept a step forward: to “connected lighting”, the future in this industry, according to Bogdan Balaci, Commercial Leader of Philips Lighting for SEE, who presented the company's innovations in this area, during a media conference....more »

CNADNR, the National Company for Highways and National Roads in Romania, has announced the signing of the contract for building a road passing round Bacau as an alternative route....more »

Romania's main natural gas producer, Romgaz, commissioned in March 2015 two new gas accumulations in the Moldavian Platform and in the Transylvanian Basin, which are currently under test....more »

The Romanian subsidiary of Piraeus Bank Group recorded a gross profit of 2.1 million euro in 2014, down by 36.4 from 3.3 million in the previous year. ...more »

The Board of Romania's Central Bank, BNR, decided to drop again the monetary policy rate by 0.25 percent to 2 percent, achieving a new historic low which will come into effect on April 1, 2015....more »

The challenges generated by the development of e-commerce, the specific demands in terms of B2C deliveries, the solutions to issues arisen from payment on delivery and cash management, as well as the opportunities for alternative financing were among the topics addressed during the second edition of theRomanian Courier & Postal Services Forum, an event organized by Govnet Conferences with the support of the Romanian Courier Operators Association (A.O.C.R.) and of ARMAD, (the association that represents direct marketing in Romania), the sole one dedicated exclusively to the domestic courier and postal services industry....more »

Canada-based oil and gas company Sterling Resources has announced the sale of its Romanian business to Carlyle International Energy Partners, an affiliate of the global energy concern Carlyle Group....more »

Romania's net electricity exports totaled 7.1 Twh in 2014, 3.5 times higher compared to the previous year, according to the results presented by Transelectrica, the domestic system and transmission operator....more »
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