Economics
Sale of Cupru Min copper concentrate failed
December 16, 2013 11:08
The sale of copper concentrate at Cupru Min failed in lack of any biding bids from the two companies which have showed their interest in the negotiation phase - Trafigura PTE LTD Singapore and Yldirim Holding from Turkey....more »
FDI in Romania fell by 8.2% at ten months
December 13, 2013 15:22
Foreign direct investments (FDI) in Romania amounted to nearly 1.82 billion euro after ten months this year, dropping by 8.2% over the same period in 2012, according to a report released by the Central Bank. However, there’s an improvement give...more »
IMF expects Romania to implement the key elements of the arrangement
December 13, 2013 13:39
The International Monetary Fund waits for Romanian Government to decide on whether they would like to modify the policies meant to secure the agreed deficit target, Gerry Rice, Director of the Communication Department of IMF, said during a press...more »
BNR is ready to lower the cash reserve ratio next year
December 13, 2013 11:21
Romania’s central bank, BNR, is considering a diminution of the required reserve ratio in 2014 both for lei-denominated liabilities and for foreign currency liabilities, but according to Mugur Isarescu, Governor of BNR, there is nearly 2 billion of excess liquidity on the money market....more »
FP sells the entire stake worth 68 mln euro in Transgaz
December 12, 2013 14:39
Proprietatea Fund (FP) sold the entire stake of the shares held in Transgaz for more than 68 million euro (303.5 million lei), according to the information available on the Bucharest Stock Exchange (BVB) website. Its stake is equivalent to almost 15% of Transgaz capital, whose major shareholder is the Ministry of Public Finance....more »
The shares Oltchim S.A. holds in Oltchim SPV are up for sale
December 12, 2013 14:27
Oltchim’s judicial administrators, Rominsolv and BDO Business Restructuring  will proceed on February 3, 2014 with the selection of the commitment offer for the acquisition of all the shares Oltchim S.A. owns in Oltchim SPV....more »
BVB, the main market for Romanian enterprises
December 12, 2013 11:10
After the euphoria of the first trading days of Romgaz shares, when all investors sought to secure their profits obtained from the significant discounts they benefitted from during the IPO subscription, the trading volume of Romgaz shares on Bucharest Stock Exchange (BVB) exceeded the volume of traded Green Depository Receipts (GDRs) on London Stock Exchange....more »
Reindustrialization is essential for Romania’s development
December 11, 2013 15:50
With an emerging economy struggling to overcome the impact of the economic crisis, Romania must focus all the efforts on its reindustrialization in order to be able to eventually align with other EU economies. Reindustrialization is thereby a second chance, an essential step for Romania’s economy to grow after 20 years of neglecting the development potential this sector has...more »
Romanian Post BOD has a new president
December 10, 2013 15:21
As for today, Adrian Apolzan, Director of the Corporate Affairs Division at ING Bank, is the president of the Board of Directors of Romanian Post. His appointment was announced by Ion Smeeianu, the company’s General Manager, quoted by Agerpres....more »
Exports hit record high in October 2013 - Romania’s trade deficit narrows
December 10, 2013 13:47
Exports level reaches record high in October 2013 when the FOB (Free On Board) exports amounted to 4.7 billion euro. According to the preliminary estimations of INS (the National Institute of Statistics), CIF (Cost, Insurance & Freight) imports reached about 5.35 billion euro during the evaluated period....more »
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