Almost 160,000 tourists arrive in Romania in 2013 via Danube cruise
According to officials and industry representatives present at the International Danube Tourism Conference held in Bucharest this week, almost 160,000 foreign tourists came to Romania in 2013 via...
View ArticleThe suspension of accord with IMF should produce a limited market reaction –...
Economists say that the delay of the first evaluation of the accord with IMF will have limited impact on financial markets for the fact that the understanding is a preventive one and fiscal measures...
View ArticleMartifer Solar delivers two more photovoltaic plants in Romania
According to a press release, Martifer Solar, a subsidiary of Martifer SGPS, has completed the construction of two photovoltaic (PV) plants in Romania, in a total of 5.41 MWp, for Eurowind Energy A/S....
View ArticleEnergy price should receive special attention to avoid industry relocation –...
According to the Economy Ministry in a release, Romanian Economy Minister Andrei Gerea said at the European Union Competitiveness Council meeting in Brussels that it is very important to avoid the...
View ArticleThe economic growth estimate at 1.6% in Q3 and 2.7% at nine months – Statistics
The National Statistics Institute (INS) keeps the announced estimate in November regarding the evolution of the GDP. According to the announcement, the economy grew by 1.6% in Q3 against the previous...
View ArticleRomania raises more than EUR 110 M through 5-year bonds
Romania’s Ministry of Finance has attracted RON 500 million (approximately EUR 112 million) by selling five-year bonds at an average yield of 4.9 %, slightly up from the one raised in mid-November for...
View Article10 months industrial turnover up 4.3 % compared to previous year
The National Statistics Institute (INS) informs that in the first 10 months of the current year Romania’s industrial turnover overall (internal and external markets) increased 4.3 % from the similar...
View ArticleKaufland opens another hypermarket in Bucharest
Discount retailer Kaufland opened a new hypermarket in Bucharest reaching a total of 6 outlets opened in the capital and 89 in the country. The average investment in a Kaufland store is between EUR 6...
View ArticleRomania attracted EUR 2.35 billion worth of EU funds for agriculture and...
Agriculture minister Daniel Constantin last Thursday that Romania has attracted so far this year EU funds worth EUR 2.35 billion for agriculture and rural development. The objective for 2013 is to...
View ArticleRomanian President met with the delegation of the European Investment Bank at...
On Thursday, Romania’s President Traian Basescu asked the help of the European Investment Bank (EIB) for identifying some solutions for funding the implementing of the last stage of connecting the...
View ArticleThe Leu registers the highest exchange rate in the last two and a half months
Leu depreciated yesterday up to RON/EUR 4.4684, after the announcement that the President had refused to sign the memorandum with the International Monetary Fund surfaced. The national currency came...
View ArticleVodafone Romania boosts investments for the next two years
Telecom operator Vodafone will supplement the investments in Romania for the 2014-2016 period with an additional GBP 45 million (EUR 54 million). The investment will mainly be used for the development...
View ArticleEnel will finance renewable investments in Romania
The renewable arm of Italian utility Enel, Enel Green Power International, signed a deal with the European Investment Bank (EIB) on a EUR 200 million loan that will allow the company to finance...
View ArticleThe budget for 2014 was built on successes of 2013 in terms of economic...
Romanian Prime Minister Victor Ponta said on Sunday evening that next year’s budget was built by the Government based on the successes of 2013 in terms of economic growth, but also on what can be...
View ArticleRomania sees largest economic growth in EU
The National Institute of Statistics (INS) maintains its GDP prognosis announced in November, according to which the economy has experienced a 1.6 % increase in the third quarter compared to the...
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