Economics
Renault Twizy, officially launched in Romania
June 02, 2014 15:48
Renault Twizy, the French-based car manufacturer's all-electric vehicle, is now available in Romania, after four years since the official launching. Romanians who wish to drive a Twizy will have to pay for the two-seater car a starting price of 7000 euro, VAT included, plus the monthly rate for the incorporated battery, states a press release....more »
The number of tourists increased by almost 5 percent in the first four months in 2014
June 02, 2014 13:55
The first four months of the year have recorded an advance both in terms of tourists’ arrivals and with regard to overnight stays in Romania, according to the data released by the National Institute of Statistics (INSSE). ...more »
Hidroelectrica allocates 75 mln euro to refurbish the Stejaru hydropower station
June 02, 2014 12:30
Hidroelectrica announces the launch of an international open tender for the refurbishment of the Stejaru hydroelectric plant in the Neamt County – in operation since 1960, a project of 75 million euro. The state-owned company sent on May 16 the related documentation for the tender to the National Authority for Regulating and Monitoring Public Procurement for examination. ...more »
Electrica officially announces its intention to float on the stock exchanges in Bucharest and London
May 30, 2014 17:20
Electrica announced today its intention to launch an Initial Public Offering of new ordinary shares in the share capital and global depositary receipts (GDRs) to be listed on the Bucharest Stock Exchange (the shares) and on the London ...more »
A new IMF Mission comes to Bucharest in June for the third assessment of the stand-by agreement
May 30, 2014 12:15
A Mission of the International Monetary Fund will arrive next Monday, June 2, in Bucharest for the third review of the 2-year Stand-By Arrangement (SBA). It is an intermediary review requested by the Romanian authorities and it coincides with the planned Article IV consultation and the mid-year budget rectification. ...more »
EY: Romania, the third most attractive investment destination in the CEE region
May 28, 2014 12:53
Romania is placed as the third most attractive destination for foreign investment within the countries in the Central Eastern European region following EY’s annual report, European Attractiveness Survey. Poland and the Czech Republic maintain ...more »
Lending operations have seen a slight increase in April
May 27, 2014 14:33
Loans granted by credit institutions to household or companies in Romania went up by 0.2 percent (down 0.1 percent in real terms) in April 2014 compared to the previous month, totaling about 218.3 billion lei, as shows the data released by the National Bank of Romania. ...more »
Mega Image, 25 mln euro capital raise to support expansion strategy
May 27, 2014 12:17
Mega Image Romania, controlled by the Belgian group Delhaize, completed last month a 25.2 million euro capital increase destined to support the expansion of the domestic retail network and the construction of a warehouse in Bucharest, Mediafax informs....more »
Romania receives a 750 mln euro loan for modernizing public expenditures from the World Bank
May 23, 2014 14:55
Upon validating the Country Partnership Strategy (CPS) for Romania for 2014-2017, the World Bank Group Board of Directors approved yesterday a 750 million euro budget support loan, the first of a series of such operations loans as per the new CPS, the Romanian Ministry of Finance announces. ...more »
Bucharest’s largest office project, delivered with an occupancy rate of 60 percent
May 22, 2014 16:08
Green Gate, the largest office building to be delivered this year in Bucharest, a project development by Czech company S Group Holding has been completed with an occupancy rate which has reached 60 percent so far, according to ZF....more »
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