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Gazprom officially enters the Romanian market

Russian giant Gazprom has officially entered the Romanian market. Although its main field of activity is the production and export of gas, the company will enter the electricity market in our country. On July 16th, the...

The second budget amendment this year, on the Government table

The Government discussed today the adjustment of the state budget and of the social security budget, will adjust the deficit, according to the agreement with IMF and EC from 4.6% to 7.3% of GDP, said Gheorghe Pogea,...

Who Speaks For Whom

For decades we seemed to be in agreement that the sportsmen and women are our ambassadors abroad. Partial truth have a way of insinuating themselves into the public psyche and stop the seeking of the whole truth. And...
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Ministry of Finance Raised 447M Euro In Bond Issue

The Ministry for Public Finance sold foreign currency denominated bonds worth 447 million Euro at 5.25% interest rate per year and a four-year maturity. The latest such bidding took place in April 2004, when the...

The pensioners will receive 2% more from October 1st

The International Monetary Fund (IMF) requires us to make savings of one billion euros by the end of the year, but the Government will increase the pensions by 2% from October 1st. The increase implies a fiscal effort of...

2009: Unemployment Rate Will Stay In One Digit

The 2009 Romania's unemployment rate will not climb to two digits, the minister for Public Finance Gheorghe Pogea said. He added the budget will be rectified in August to give 864 million Euro more to the unemployment...

The European Action Movement has asked the Government of Moldova to eliminate the visa regime for Romani

The European Action Movement from Moldova asked, again, the Executive in Chisinau to eliminate immediately the visa regime imposed for the Romanian citizens. "We know already that the future democratic Government will...

Costantin Roibu: We don’t dismiss people. However, we outsource certain sections of Oltchim

Constantin Roibu, general director of Oltchim denies the rumors in the last few days that shows that "a massive dismissal of personnel - more than a thousand employees - is imminent". Roibu claims that this story is...

New Office Rentals in Bucharest Drop To 60% Of Last Year

Real-estate developers completed 200,000 square meters of new office space in Bucharest, in the first six months of 2009, but the newly rented surface dropped to 60% of last year's, according to a study performed by...

Romanian Subsidiaries Surpass Profit Of Mother Companies

Romanian subsidiaries of some multinationals had the net profit of their operations surpassing the one of the group they belong to, or even had the bulk of their mother-company profit originating in Romania, during the...

Energy Prices Stifle The Romanian Economy

Companies in the energy sector in Romania all estimate profits - sometimes huge profits - while companies in the industrial sector strive to stay afloat while paying huge energy bills. The associations of owners note...

EPP will decide whether they want EBA

The application of Elena Basescu (photo) to join the European People's Party (EPP) in the European Parliament (EP) is to be voted today. The EPP has 264 of the 736 mandates of the new EP (35.87% of the EP). EPP met...

4% decrease in the economy

The perspectives of the global economy remain "unusually uncertain", warns the World Bank. The institution has negatively revised its prognoses regarding the economic growth in 2009, forecasting a decrease of 4% of the...

Sell Of Luxury Cars Going Down In Romania Too

The financial crisis slowed down the sell of luxury cars in Romania too, with dealers having to put in more effort to make a sale to the Romanian rich, which are increasingly prudent with their luxury buys. The director...

Change Of Plans For The Bucharest-Brasov Highway

The National Company for Roads and Highways decided to change the plans for building the Moara Vlasiei - Ploiesti section of the northbound highway, and turn it from a four lane to a six lane highway. The company will...
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