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Bogdan Dimitriu, Federal Mogul
"The local industry is more competitive now in terms of both operators and labour force »
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Romanian construction sector down by 1.5 per cent in Q1

The total volume of construction works in Romania went down by 1.5 per cent in the first quarter of the year, while that of residential buildings went up by 77.2 per cent. On structure elements,...

Grindeanu: Construction of Pitesti-Craiova road to start in 2018

The construction of the new road between Pitesti and Craiova cities will start at the beginning of the next year, said PM Sorin Grindeanu, according to Business Review.

PM Grindeanu: We believe European funds to be engine for economic growth

Prime Minister Sorin Grindeanu said that European funds are seen as an engine for economic growth, pointing out that he wants things to get unblocked in this area, according to Agerpres.

European Commissioner Cretu: EU funds absorption rate in Romania will exceed 90 percent on 2007-2013 period

European Commissioner for Regional Policy Corina Cretu said that in Romania the absorption rate for the funds allotted for the 2007-2013 period will exceed 90 per cent and that invoices correspo...

Ministry of Environment: We want to double, to 10,000 Euro, state bonus for electric car acquisition

Environment Minister Daniel Constantin declared in central Sibiu, that this year the bonus for the 'Scrappage Plus' programme will be doubled compared to the 2016, so whoever wants to buy an ele...

The government approved the General Masterplan for transport

The government approved in the meeting on Wednesday the General masterplan for transport of Romania, announced Minister of Transport Sorin Buse

Romania, tenth in Europe for cheapest plane tickets

The price of an airplane ticket in Romania is an average 12 USD for every 100 km, two times more than in Portugal, but half the cost of tickets in Belgium or Denmark, according to a study made b...

The first automated bike sharing stations launched in Bucharest

The first automated I′Velo Urban bike-sharing stations have been launched in Bucharest by Green Revolution association. Even the bike-sharing service is not new in Bucharest, the novel...

OMV Petrom opens its first station for charging electric cars in Romania

The largest oil and gas company in Romania OMV Petrom will open this week, in partnership with energy company Electrica, the first fast-charging station for electric cars, a press release shows....

The subway’s segment to Otopeni airport, submited to cityhall’s council

The city planning approval (PUZ) for the subway’s segment linking 1 Mai station to Otopeni, part of the Bucharest’s sixth route has been submitted recently to the councilors of Bucharest may...

PM Ciolos: Pitesti-Sibiu highway should be done by 2021

Romanian Prime Minister, Dacian Ciolos, has announced that the Pitesti-Sibiu highway will be finalized in 2021, if things go according to plan, Agerpres reads.

CCIFER: Infrastructure is essential indicator of economy's competitiveness

The representatives of French companies in Romania have recently launched the "White Paper of Construction", through which foreign investors get informed about the state of infrastructure of a c...

BCR assigned more than five billion RON in loans for infrastructure between 2005-2015

The Romanian Commercial Bank (BCR) controlled by Austrian Erste Group, announced it exceeded the amount of five billion RON worth of loans for infrastructure projects developed by local public a...

The modernization of Bucharest ring received the construction permits from Ministry of Transports

The Ministry of Transports issued at the beginning of July the construction permits for the rehabilitation of Bucharest′s ring road, according to the institution’s statement. Hence, ...

More on News
Over 19,000 business plans submitted for Start-Up Nation program

Start-Up Nation Government program attracted over 19,000 business plans and a new edition will take place next year, said Ilan Laufer, Minister for the Business Environment.

PM Sorin Grindeanu: 5.7 per cent economic growth - confirmation that the measures taken by the Government are the right

The 5.7 percent economic growth registered in the first quarter of 2017, as compared to the first quarter of 2016, an evolution which exceeds the expectations of analysts and international bodie...

Sorin Grindeanu hails the support for CVM lifting before 2019

Prime Minister Sorin Grindeanu met at Victoria Palace with the European Commission President Jean-Claude Juncker. The meeting was also attended by the Public Finance Minister Viorel Stefan, Fore...

President Iohannis to hold political consultation to designate future PM

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minister, Agerpres reads.

New trading symbol for Patria Bank shares on Bucharest Stock Exchange

Patria Bank shares, a credit institution that operates on the Romanian banking sector, are traded under a new symbol on the Bucharest Stock Exchange (BVB) market, following the successful merger...

Chinese delegation seeks investment opportunities in Romania

Prime Minister Mihai Tudose discussed at the Victoria Governmental Palace on Thursday about the opportunities to invest in Romania with an official delegation of the People's Republic of China, ...

Fondul Proprietatea urges President Iohannis not to promulgate the Ports Law

Fondul Proprietatea has sent a letter to President Klaus Iohannis outlining several reasons that constitute, in the Fund's view, a strong basis for the non-promulgation of the recently adopted l...

BVB second place in the region by number of IPOs in H1 2017

Bucharest Stock Exchange (BVB) is the second market in Central and Eastern Europe where initial public offers (IPOs) were successfully concluded in the second quarter of this year, with a total ...

EBRD launches energy efficiency framework for Romanian households

Supporting Romanian households to save energy and money, the European Bank for Reconstruction and Development (EBRD) is launching a 100 million Euro Green Economy Financing Facility (GEFF) for t...

Romanian ruling coalition plans tax overhaul ahead of key parliament vote

Romania's ruling Social Democrats unveiled plans on Thursday to overhaul taxation from 2018, ditching a flat 16 per cent tax on income and profit that has attracted investment into the European ...

EU bank supports expansion of Regina Maria private healthcare network in Romania

The European Investment Bank (EIB) is lending 15 million Euro to support the expansion of a private healthcare network in Romania, a press release shows. This agreement is backed by the guarante...

New law on ports administration would be very damaging for Romanian state budget, Fondul Proprietatea says

Fondul Proprietatea is concerned by the renewed steps to approve the draft law amending the Government Ordinance on ports administration, which was re-examined and approved through an emergency ...

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Daily Info
AFI Europe Romania posts increasing net operating income in H1 2017
AFI Europe Romania published its H1 2017 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of 25 million Euro in H1, representing 11.5 per cent higher result...

Bonds of Globalworth will start trading on Bucharest Stock Exchange on July 31
Bucharest Stock Exchange (BVB) informs that the bonds of Globalworth will start trading on the main market on July 31, 2017, and are defined by the following: 5,500 bonds, nominative, dematerialized, freely tra...

OTP Bank Romania to take over Banca Romaneasca from National Bank of Greece
The National Bank of Greece signed an agreement with OTP Bank Romania on the sale of its equity holding of 99.28 per cent in Banca Romaneasca. The transaction involves the shares in Banca Romaneasca (BROM) held...

The healthcare system must be a priority, FIC says
Health is now a priority for Romanian authorities and the total spending on healthcare has grown significantly over the last four years (although it is still the lowest proportion of GDP allocated to healthcare...

CET Govora reached 30 million RON profit in H1 2017
Heat and electricity producer CET Govora registered a net profit of 30.6 million RON in the first six months of 2017, compared to a net loss of five million RON in the same period of last year....