Viniculture attracts over EUR 500 M in last 10-12 years
Romanian viniculture has attracted over EUR 500 M in the last 10-12 years, being one of the best-performing sub-sectors within the agriculture sector, Agriculture and...
Category : ECONOMY
Shareholders approve Memorandum for construction of reactors 3 and 4 at Cernavoda
The Memorandum of Understanding for the development, construction, operation and decommission of Reactors 3 and 4 of the Cernavoda Nuclear Power Plant was approved last...
IAR Ghimbav successfully completes PUMA Naval programme:IAR 330 Puma Naval helicopter, among world’s top 10 ASW helicopters
IAR S.A. Ghimbav (IAR) was recently awarded the Defence Industry Department’s “Diploma for Excellence.” The Diploma was awarded for the successful completion of the PUMA...
New agreement with IMF to be negotiated in March 2016
The International Monetary Fund’s (IMF) next mission in Romania will take place in March 2016, Finance Minister Eugen Teodorovici stated. The signing of a new...
Strategic natural gas reserve – 1 billion cubic metres
Romania could set up a strategic natural gas reserve of 1 billion cubic metres that would be used only if needed, Dan Stefanescu, Romgaz Director...
Romania sells 10-year Eurobonds at yield of 2.84 pct, lowest ever
Romania’s 10-year Eurobond issue sold this week on foreign markets at the best yield ever attained for this maturity, specifically 2.84 percent, shows data released...
BNR: Banking litigation settlement centre could be operational as of January 2016
The Centre for Alternative Settlement of Banking Litigation (SAL Centre) could be operational as of January 2016, the head of the Legislative Department of the...
Economy Minister’s message to COIFAIR: Romania can become European gateway for goods to Central, Eastern Europe
Romania can become a European gateway to the Central and Eastern European markets via the Black Sea port of Constanta for the goods coming from...
Gov’t approves 2nd budget revision this year; deficit stays at 1.86pct of GDP. “I haven’t cut a single penny from the Presidential Administration to avoid discussion”, says PM Ponta
The Romanian Government approved on Friday an urgent order on the second budget revision of the year, a positive one, that has allotted all the...
PM Ponta: Gov’t still supporting VAT cuts, increasing teachers, healthcare staff pay, despite IMF opposition
Romania is a success story as far as the relationship with the International Monetary Fund (IMF) goes, but right now there are two divergences between...
