Economics
Energy and transport sectors are interesting to Austrian investors
January 15, 2014 09:31
There is an interest from behalf of Austrian companies in investing in Romania, especially in the energy sector, as well as in the transport infrastructure field, according to Michael Schwarzinger, the Austrian Ambassador to Romania, who commented on this subject while attending Romanian Business Breakfast...more »
CEE property investment market rose by 31% in 2013. Romania, below the average
January 14, 2014 14:34
Commercial real estate volume in Central and Eastern Europe exceeded 10 million euro in 2013, resulting in an increase by some 31 percent over 2012, hence, the last year becoming the second strongest one since 2008, according to the latest data released by the global property advisor CBRE Group....more »
ARPIM’s Board of Directors has new president
January 14, 2014 11:43
The Romanian Association of International Medicines Producers appointed Calin Galaseanu as president, after being elected by the association’s General Assembly which met on January 9....more »
Parallel exports of new compensated medicines could be interrupted for six months
January 13, 2014 11:38
Romania’s Ministry of Health plans to prohibit for six months the parallel exports of drugs on the new list of compensated medicines in order for patients to benefit from their treatments in due time, a ministry’s press release informs. The announcement was made during a meeting between the Minister of Health, Eugen Nicolaescu, the Secretary of State, Adrian Pana, the President of CNAS (the National House of Health Insurance), Cristian Busoi, and the Director of ANMDM (the National Agency of Medicines and Medical Devices) on one side and representatives of the pharmaceutical industry, on the other side, meeting which was held on Saturday, January 11. ...more »
CFR’s Board of Directors, dismissed for mismanagement
January 13, 2014 10:51
The General Meeting of Shareholders of CFR, Romania’s National Railway Company, controlled by the Ministry of Transport, decided last Friday to dismiss all the members of the Board of Directors due to their mismanagement which affected the company’s financial situation...more »
Unisun Energy opens three PV plants in Romania
January 10, 2014 14:34
Chinese-based company Unisun Energy completed three solar power units in Brasov and Cluj counties, in Transilvania region. The plants which have a total installed capacity of 19.59 MW are estimated to generate yearly up to 8 million euro profit resulting from green certificates trading and energy sales, according to the company. Unisun also announced that all three PV plants have already been connected to the power grid. ...more »
Unexpected 38 percent sales growth for Mazda last year
January 10, 2014 10:52
Mazda reported a significant improvement in its car sales in Romania which increased by 38 percent in 2013 over the previous year, is announced through a press release. The Italian automobile manufacturer sold 602 units within last year, being one of the best performing players on the domestic market in terms of import cars sales....more »
EIF signs four new agreements worth 120 mln euro for low-interest SMEs loans
January 09, 2014 15:17
The European Investment Fund (EIF) has signed four new JEREMIE agreements in Romania with Banca Transilvania, BRD – Groupe Societe Generale, ProCredit Bank and Raiffeisen Bank. Based on this arrangements, other 120 million euro will be available to SMEs under the new Portfolio Risk Sharing Loan instrument, thus SMEs benefitting from much lower interest rates as well as reduced collateral requirements for new loans destined to investments or working capital....more »
Higher exports after 11 months in 2013. Trade deficit keeps narrowing
January 09, 2014 13:07
The positive evolution the export field recorded in 2013 reflects into a continuous decline in trade deficit which kept narrowing in November 2013, too, as per the latest report released by the National Institute of Statistics (INSSE). According to preliminary estimations of INSSE, the trade deficit dropped to about 389 million euro in November 2013, 9 percent lower compare with the same month in 2012. Also, there’s a 36 percent decrease in trade deficit considering the overall period analyzed – January 1, 2013 – November 30, 2013....more »
Monetary policy drops to historically low rate. BNR also lowers the cash reserve ratio
January 08, 2014 15:32
Romania’s Central Bank Board decided to cut down again the monetary policy rate during the first meeting of the year. Thus, starting January 9, 2014 the monetary rate will reach a new historic low – 3.75 percent per year....more »
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