ECONOMY

ANAF collected revenues, up RON 10.6 billion, Jan.-Sept., 2015; only falling revenues to pension fund

Nine O' ClockOctober 6, 2015

by Nine O' ClockOctober 6, 20150146

The National Tax Administration Agency (ANAF) collected Government revenues of nearly RON 146.58 billion in the first nine months of 2015, up RON 10.6 billion...

ECONOMY FINANCE&BANKING

Romania repays 4.7 million euros of EU loan

Nine O' ClockOctober 5, 2015

by Nine O' ClockOctober 5, 20150431

Romania has paid on Sunday 4.7 million euros in interests and fees to the EU, out of a financing package offered by international creditors in...

ECONOMY ENERGY

Energy Ministry: 300 specialists needed for new nuclear reactor in Mioveni (Arges)

Nine O' ClockOctober 5, 2015

by Nine O' ClockOctober 5, 20150214

Another 300 specialists will be needed in order to implement the ALFRED (Advanced Lead Fast Reactor Demonstrator) project at the Nuclear Research Institute (INC) in...

ECONOMY ENERGY

Company that will build Giurgiu-Ruse natural gas pipeline could be chosen in December

Nine O' ClockOctober 5, 2015

by Nine O' ClockOctober 5, 20150191

Bulgaria expects the selection of a new contractor for the construction of the Giurgiu-Ruse natural gas pipeline in early December, following a public tender, Bulgarian...

ECONOMY INVESTMENTS SUPPLEMENTS

Sebastian Metz, General Manager of the Romanian-German Chamber of Commerce and Industry (AHK Romania): Romania is an emplacement for investments with a promising future

Nine O' ClockOctober 2, 2015

by Nine O' ClockOctober 2, 20150391

Due to favourable geographic position and its 20 million inhabitants, Romania is an important trade market of Southern and Eastern Europe. German companies are provided...

COMPANIES ECONOMY INVESTMENTS SUPPLEMENTS

Telekom Romania – partner for the sustainable development of local economy

Nine O' ClockOctober 2, 2015October 2, 2015

by Nine O' ClockOctober 2, 2015October 2, 20150182

Telekom Romania is one of the main foreign investors which is actively contributing to the sustainable development of the Romanian society with over 1 billion...

ECONOMY FINANCE&BANKING

BNR’s foreign exchange reserves down by 203 million euros in September

Nine O' ClockOctober 2, 2015

by Nine O' ClockOctober 2, 20150145

The foreign exchange reserves of the National Bank of Romania (BNR, the central bank) stood at 29.138 billion euros at end-September, down by 203 million...

ECONOMY FINANCE&BANKING

BNR maintains monetary policy interest unchanged at 1.75 pc

Nine O' ClockOctober 1, 2015

by Nine O' ClockOctober 1, 20150280

The National Bank of Romania (BNR) has maintained its key interest rate unchanged at 1.75 per cent, and has also maintained unchanged the minimum reserve...

ECONOMY INVESTMENTS

Draft amending Labour Code reduces flexibility of working conditions, say representatives of French, German investors

Nine O' ClockOctober 1, 2015

by Nine O' ClockOctober 1, 20150234

The draft amending the Labour Code is drastically reducing the flexibility of working conditions, leading to a decrease in the competitiveness of companies and of...

ECONOMY INDUSTRY

Ship exports up by 23 pc in H1

Nine O' ClockOctober 1, 2015

by Nine O' ClockOctober 1, 20150289

The Romanian shipyards’ exports have risen in the first six months of this year by 23 per cent to EUR 346.1 M, according to National...

ECONOMY

Romania climbs 6 places in economic competitiveness rankings

Nine O' ClockOctober 1, 2015

by Nine O' ClockOctober 1, 20150179

Romania has climbed 6 places, from 59th to 53rd place, in the World Economic Forum’s annual economic competitiveness rankings. Romania has surpassed Bulgaria this year,...

ECONOMY FINANCE&BANKING

Governor Isarescu: New agreement with IMF has to be centred on reforms

Nine O' ClockOctober 1, 2015

by Nine O' ClockOctober 1, 20150197

A new agreement with the IMF will give added credibility to Romania’s economic policies, but will have to be centred on structural reforms, not on...

ECONOMY FINANCE&BANKING

Government decides to reorganize National Agency for Fiscal Administration

Nine O' ClockOctober 1, 2015

by Nine O' ClockOctober 1, 20150227

The Government decided on Wednesday to reorganize the National Agency for Fiscal Administration (ANAF), “in order to consolidate the organizational structure and optimize the activity...

ECONOMY ENERGY

Competition Council issues RON 920,000 fine against 10 natural gas companies

Nine O' ClockSeptember 30, 2015

by Nine O' ClockSeptember 30, 20150234

The Competition Council has issued total fines of RON 920,000 (EUR 207,690) against 10 natural gas companies for anti-competitive arrangements whose goal was to set...

ECONOMY INVESTMENTS

President Iohannis sends message to BestInvest Forum: U.S. can become one of top investors in Romania

Nine O' ClockSeptember 29, 2015

by Nine O' ClockSeptember 29, 20150229

The United States can become one of the top investors in Romania in the years to come, President Klaus Iohannis said in a message sent...

ECONOMY FINANCE&BANKING

Reuters: Romania wants to sell Eurobonds worth EUR 1-1.5 bln

Nine O' ClockSeptember 29, 2015

by Nine O' ClockSeptember 29, 20150158

Romania plans to sell, by the end of the year, Eurobonds worth EUR 1-1.5 bln (EUR 1.69 bln) and could tap into a credit line...

ECONOMY ENERGY

Gerea attends Kazenergy Eurasian Forum 2015 in Kazakhstan

Nine O' ClockSeptember 29, 2015

by Nine O' ClockSeptember 29, 20150173

An Energy Ministry delegation led by Minister Andrei Gerea will take part in the 10th edition of the Kazenergy Eurasian Forum 2015 from September 29...

ECONOMY TRANSPORTS

All trains should have air conditioning by 2017

Nine O' ClockSeptember 28, 2015

by Nine O' ClockSeptember 28, 20150177

CFR Calatori is preparing an ample program to equip its trains with air conditioning, on the basis of a minister’s order that stipulates that all...

ECONOMY ENERGY INDUSTRY

Coal industry tries to come back to life: New mine to open in Oltenia

Nine O' ClockSeptember 28, 2015

by Nine O' ClockSeptember 28, 20150220

According to an Energy Ministry communiqué, the Romanian Government adopted during its meeting last week a decision concerning the re-approval of the technical-economic indicators of...

ECONOMY INVESTMENTS

PM Ponta: Romania as safe as developed EU countries, with 7.8pct default risk

Nine O' ClockSeptember 28, 2015

by Nine O' ClockSeptember 28, 20150194

Prime Minister Victor Ponta asserts that Romania is as safe and economically stable as the developed countries of the European Union, just a couple of...

ECONOMY INVESTMENTS

Iohannis, to “American Romanian Investors Dialogue” event: We plan to eliminate constraints affecting economic freedom

Nine O' ClockSeptember 26, 2015

by Nine O' ClockSeptember 26, 20150339

President Klaus Iohannis on Friday met representatives of some US multinational companies, in which context he pleaded for the need to implement a good practice...

COMPANIES ECONOMY ENVIRONMENT

Lawyer: Hard way to damages for Romanian owners of Volkswagen cars

Nine O' ClockSeptember 25, 2015September 25, 2015

by Nine O' ClockSeptember 25, 2015September 25, 20150290

Romanian owners of Volkswagen cars might sue the owner for damages, but they will have a hard time arguing their cases if local authorities do...

ECONOMY FINANCE&BANKING

Bancpost joins Council of Banking Employers

Nine O' ClockSeptember 25, 2015

by Nine O' ClockSeptember 25, 20150168

The Council of Banking Employers in Romania (CPBR), the employers’ organization of the Romanian banking sector, has approved the expansion of its membership to seven...

ECONOMY INVESTMENTS

President Iohannis acknowledges Romania’s problems, promises American investors further efforts to remedy

Nine O' ClockSeptember 25, 2015

by Nine O' ClockSeptember 25, 20150187

President Klaus Iohannis acknowledged in a meeting with American investors on Thursday that Romania has some issues with transparency and with fiscal and legislative predictability;...

ECONOMY FINANCE&BANKING

Gov’t wants more money from EBRD: Victor Ponta-Suma Chakrabarti meeting in London

Nine O' ClockSeptember 24, 2015

by Nine O' ClockSeptember 24, 20150218

* A new strategy for Romania, to run until 2020, is expected to be approved during the Bank’s Board of Directors meeting on September 30...

ECONOMY ENERGY

USDTA strengthens support for energy security in Romania: $956,000 grant to support Transgaz S.A.’s Pipeline Expansion Project

Nine O' ClockSeptember 24, 2015September 24, 2015

by Nine O' ClockSeptember 24, 2015September 24, 20150281

The U.S. Trade and Development Agency (USTDA) awarded on Thursday a $956,000 grant to support Transgaz S.A.’s Pipeline Expansion Project. The grant funds a feasibility...

ECONOMY ENERGY

Gov’t moves to consolidate holdings in companies in which Energy Ministry is a shareholder

Nine O' ClockSeptember 24, 2015

by Nine O' ClockSeptember 24, 20150146

The Ministry of Energy, Small and Medium-Sized Enterprises and the Business Environment will be allowed to set up government-run companies and to contribute to the...

ECONOMY FINANCE&BANKING

EU Funds Minister: Non-repayable funds beneficiaries to get money for project current spending in advance

Nine O' ClockSeptember 24, 2015

by Nine O' ClockSeptember 24, 20150176

The emergency ordinance on the financial management of the European Union funds for 2014-2020 approved by the Romanian Government on Wednesday says, among others, that...

ECONOMY Social SOCIAL & HEALTH TRANSPORTS

Negotiations fail, railway unions might go on all-out strike after October 15

Nine O' ClockSeptember 24, 2015September 24, 2015

by Nine O' ClockSeptember 24, 2015September 24, 20150212

Railway unions say they are still open to negotiations, after they failed to reach an agreement at the Transport Ministry on Wednesday, but if their...

ECONOMY ENERGY

OMV Petrom to float on the London Stock Exchange by 31 December 2016

Nine O' ClockSeptember 24, 2015

by Nine O' ClockSeptember 24, 20150217

OMV Petrom shareholders have approved the secondary listing of OMV Petrom on the London Stock Exchange, through the issuance of certificates of deposit backed by...