General
February 05, 2015 16:28
The retail turnover volume expanded by 7 percent last year, stimulated by rising sales of non-food products, food, beverages, tobacco, and fuel, according to a report of the National Institute of Statistics (INSSE) which does not take into consideration the turnover generated by the sales of cars and motorcycles. During the period under review, the retail turnover had increased successively, mainly triggered by boosting sales of non-food products (+10.6 pct). Revenu...more »
February 05, 2015 15:43
Greentek LED Lighting designed and implemented the intelligent lighting project for the office spaces in AFI Park 2, which became the first building in Romania to be exclusively equipped with such a LED lighting system....more »
February 03, 2015 15:53
Deloitte invites companies specialized in clean technologies to apply for the EU Business Avenues Clean Technologies 2015 programme during which they can participate in a one-week business mission to Singapore and Vietnam. ...more »
February 03, 2015 13:50
Belgium's postal services operator, bpost, offer for taking over the majority stake of 51 percent of the shares in the Romanian Post has been accepted by the Ministry for Information Society (MSI)....more »
February 02, 2015 14:33
Holcim and Lafarge have started negotiations with CRH for the sale of several assets in Europe, Canada, Brazil and the Philippines as part of their proposed merger. The Irish building materials company had previously reached an agreement with Holcim and Lafarge for taking over their operations in the listed locations, transaction estimated at 6.5 billion euro, according to a press release....more »
February 02, 2015 12:17
The Bucharest Stock Exchange (BVB) will introduce an alternative solution, named “auction model”, to the existing trading model, that will be applied for a list of selected shares traded on the regulated market which meet the related criteria, announces a press release....more »
January 30, 2015 15:54
The Competition Council has imposed financial penalties totaling nearly 13 million lei (2.9 million euro) on four companies for rigging the auctions organized by Romgaz within June 2, 2008 and October 12, 2009 to award the oil and gas drilling works in Romania....more »
January 29, 2015 16:00
Romania's economy will grew by 2.7 percent this year, according to Coface's estimations, the credit insurance company expecting a growth of maximum 2.5 percent of the GDP (Gross Domestic Product) for 2014, above the 2.2 percent forecast presented last fall....more »
January 28, 2015 15:24
The European Commission released the report on Romania's progress throughout the past year in terms of judicial reform and fight against corruption, under the Co-operation and Verification Mechanism (CVM), revealing a positive evolution towards the goals of the CVM, although there is still need of consistent improvement....more »
January 28, 2015 12:22
Romania has improved its economic freedom score in Heritage Foundation's global ranking, advancing five positions over the previous year to the 57th place, achieving its highest score ever. Our country got 66.6 points, 1.1 points more than in the 2014 Index, above the world average, “reflecting improvements in freedom from corruption, labor freedom, and the management of government spending that outweigh a decline in business freedom”, states the report issued in cooperation with the World Street Journal....more »
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