Economics
Misu Negritoiu’s appointment as Head of ASF, passed by the Parliament
April 01, 2014 15:44
Romania's Parliament today voted Misu Negritoiu as Head of Romania’s Financial Supervisory Authority (ASF). Formerly General Manager of ING Bank Romania, Negritoiu has been proposed by Prime Minister Victor Ponta at the leadership of ASF, his nomination being approved on Monday, March 31, by the joint finance-budget-banking committees....more »
BNR keeps the annual monetary policy rate at 3.5 percent
March 31, 2014 15:39
The Board of Romania’s Central Bank, BNR, decided on March 28, to keep the monetary policy rate at 3.5 percent per year, following successive drops which lead to this historic low. According to a press release, the other decisions took during ...more »
ANRE: no risk of overcompensation in the current subvention scheme for green energy
March 31, 2014 14:32
Romania’s Energy Regulatory Authority, ANRE, has established that there isn’t any risk of overcompensation related to the support scheme corresponding to the renewable energy production, according to a report released on March 28. Thus, the ...more »
No binding offer for Oltchim’s privatization
March 31, 2014 12:22
No investor has submitted a biding offer for taking over the stake Oltchim S.A owns in Oltchim SPV S.R.L by the deadline which expired last Friday, March 28, 11:00 a.m. Four potential investors purchased the Presentation file for 20.000 euro plus VAT, but no biding offer was received in due time. However, as per an informing sent to the Bucharest Stock Exchange, after the established period of time for placing binding offers ran out, there was one sent, though, not considered since it was not in line with the related provisions and therefore, it will be returned....more »
EuropaProperty announces short-list for 9th annual SEE Real Estate Awards
March 31, 2014 10:41
The short-list for the upcoming 9th annual EuropaProperty SEE Real Estate Awards, representing the most outstanding and accomplished projects, companies and individuals throughout the SEE region in 2013, has been announced. Furthermore, leading players from the dynamic SEE real estate markets are now braced to take part in the region’s premier commercial real estate awards event on April 10th 2014, at the Athenee Hilton Hotel, Bucharest, Romania. ...more »
Bert Fol returns in Romania as General Manager of Radisson Blu Hotel
March 28, 2014 15:20
Bert Fol left Russia for taking over the leadership of Radisson Blu Hotel, Bucharest, the largest five star hotel in the country.  He replaces Yilmaz Yildirimlar who has been promoted as Regional Director Park Inn Hotels in Russia....more »
The EBRD provides finance for EDPR’s 50 MW solar project in Oltenia region
March 28, 2014 12:08
EDP Renovaveis (EDPR), a leading developer in the green energy field, takes a loan worth 20 million euro from the European Bank for Reconstruction and Development (EBRD) for the construction and operation of six solar parks in Oltenia region. Additionally, EDPR will access a parallel facility of 10 million euro from the Black Sea Trade Development Bank (BSTDB) for the photovoltaic parks which will have an installed capacity totaling 50 MW, a press release from the EBRD announces....more »
Bulgarian courier company Speedy plans to acquire DPD Romania
March 27, 2014 16:07
Speedy AD, a leading courier company in Bulgaria, plans to fully take over Dynamic Parcel Distribution Romania and GeoPost Bulgaria according to its regional development strategy, an informing on the Bulgarian Stock Exchange states....more »
IMF’s Board completes first and second reviews under the SBA for Romania
March 27, 2014 13:11
The Executive Board of the International Monetary Fund (IMF) yesterday completed the first and second reviews of Romania’s economic evolution under the conditions agreed in the 2-year Stand-By Arrangement (SBA). The arrangement was concluded last fall and it is treated as precautionary by the Romanian authorities. An IMF Mission came to Bucharest in late-January for a two-week visit for assessing the country's performance in reltion to the economic criteria agreed....more »
NEPI takes 20 mln euro loan from Garanti Bank for Shopping City Galati
March 26, 2014 11:06
The South African investment group NEPI (New Europe Property Investment) has been provided a 20 million euro loan by Garanti Bank, a member of Turkiye Garanti Bankasi AS, for refinancing part of the investment in Shopping City Galati, proper...more »
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