Economics
March 19, 2014 11:44
The Bucharest Court of Appeal irrevocably dismissed on Monday, March 17, the appeals made by Energy Financing Team AG and Energy Financing Team Romania against the decision of Hidroelectrica’s judiciary administrator of terminating the bilateral contracts for electricity sale, a press release informs....more »
March 19, 2014 09:32
Romania’s courier market is one of the most dynamic in terms of development, recording huge growth year-on-year, especially recently since the e-commerce has started flourishing, becoming a real catalyst of the revenues registered by companies...more »
March 18, 2014 09:17
Foreign direct investments (FDI) in Romania have seen an 8 percent increase in the first month in 2014 compared to January 2013, amounting to 244 million year, according to o report released by Romania’s Central Bank....more »
March 12, 2014 13:15
Nuclearelectrica will provide almost 4 million euro to two of Romania’s most important projects: Tarnita-Lapustesti hydropower plant and the 400 Kv submarine communications cable between Romania and Turkey. The decision was taken during the Ge...more »
March 12, 2014 11:16
Romania’s Energy Regulatory Authority has set this year’s price limit for trading green certificates, thus the cost of a green certificate on the corresponding market will range from 130.69 lei (29.28 euro) to 266.22 lei (59.647 euro). The level is similar to that in 2012 (129.64 lei/ 28.876 euro, 264.09 lei/ 58.823 euro, respectively), a slight increase being applied....more »
March 11, 2014 16:26
Cargus, one of the largest courier companies operating in the Romanian market, has recorded 20 percent higher income in the last year, income which amounted to 25.7 million, based on these figures, 2013 becoming the best-performing year for Cargus since its establishment....more »
March 11, 2014 14:42
A new airline enters the Romanian market. Fly Romania, part of Ten Airways, company owned by Ovidiu Tender, will operate domestic and international flights starting May 15. Departures will be available from Bucharest, Timisoara and Tulcea towards Italy, Spain, Germany and Turkey, the domestic offer including Bucharest-Timisoara and Bucharest-Tulcea routes....more »
March 11, 2014 10:39
The Energy Efficiency programme run by Romania’s Ministry of Economy is supported by 8 million euro grants provided by Norway, Liechtenstein and Iceland. Total funds allocated the programme, which is co-financed, come to 9.4 million, the remaining amount representing Romania’s contribution....more »
March 10, 2014 16:29
French-based company Schneider Electric, also operating Romania today confirmed negotiations on the sale of Custom Sensors & Technologies (CST) division, a transaction worth some 900 million dollar, according to the financial newspaper Les Echos....more »
March 10, 2014 12:22
Rompetrol Group changes its name to KazMunayGas International, based on the strategy of consolidating its operations under the original brand, thus all activities will be integrated into KMG, the Kazakh oil and gas state-owned enterprise. The d...more »
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