Economics
NEPI has in its real estate portfolio development projects worth 386 mln euro
February 06, 2014 16:02
Last year, the South African investment group managed to significantly extend its real estate portfolio in Romania where is one of the most dynamic developers. NEPI completed the acquisition and development of several properties in both retail and office real estate sectors....more »
Nokia Romania, transferred to Nokia Finland Oy for some 19 mln euro
February 05, 2014 16:31
Nokia Corporation sold all its shares in Nokia Romania to Nokia Finland Oy, a transaction worth nearly 19 million euro, part of the process of preparing the mobile phone division for the transfer towards Microsoft approved last November, Mediafax informs....more »
Moody’s changes outlook on Transelectrica’s rating
February 05, 2014 11:54
Moody’s Investors Services has an improved outlook on Romania’s national power grid company rating, changing it to Ba2 stable from Ba2 negative. According to Transelectrica, the criteria on the basis of which the bond credit rating company made the review concerned the diversification of funding sources, the better liquidity ratio, as well as the financial progress recorded last year....more »
Gas market for industrial consumers to be liberalized in mid-2014
February 04, 2014 16:15
The deregulation process of the gas market for industrial consumers will be carried out by July, 2014, earlier than initially established, according to Andrea Schaechter, Head of the IMF Mission in Bucharest, Agerpress informs....more »
A new record-low level - the monetary policy rate drops to 3.5 percent
February 04, 2014 15:15
Romania’s Central Bank Board lowered again the monetary policy rate to 3.5 percent, after a similar decision taken during the first meeting of the year when it was reduced to 3.75 percent. According to a BNR notification, the new rate will be ...more »
IMF expects a 2.2 percent advance this year for Romania’s economy
February 04, 2014 13:14
The International Monetary Fund expects a 2.2 percent economic growth for Romania in 2014, below the level reached last year, 2.8 percent, the highest since the beginning of economic crisis. The estimation has been communicated by Andrea Schaechter, Head of the IMF Mission whose visit in Bucharest ends these days...more »
Recolamp meets the 40 percent European target in terms of lighting equipment waste collection
February 04, 2014 11:56
Recolamp Association collected and recycled 480 tons of lighting equipment waste last year, achieving the European target of 40 percent calculated based on the average put on the market over the past two years by the Romanian producers it collaborate with, according to a media release. ...more »
No further delay after April 1 in introducing the new tax on fuel
February 04, 2014 11:08
In the attempt to eventually put an end to the dispute sparked following the introduction of the 7 eurocents excise duty on fuel, the Government has found the solution so as to implement that measure and at the same time, to get signed the Memorandum with the International Monetary Fund by the President....more »
Twenty banks to enter the Credit Guarantee Program for SMEs
February 03, 2014 16:08
The Credit Guarantee Program for SMEs engaged 20 banks which submitted their applications within the given period whose deadline was last Thursday, January 30, The National Fund for Credit Guarantee for Small and Medium Enterprises announced through a media release, Agerpres informs....more »
Increase in both tourist arrivals and overnight stays in 2013
February 03, 2014 12:34
Last year the Romanian accommodation industry recorded a growth in the number of tourists arriving in corresponding establishments, as well as in terms of overnight stays....more »
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