EC Approves Compensation to Energy-Intensive Companies in Romania
05.11.2020
The European Commission has approved, under EU State aid rules, Romanian plans to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU Emission Trading Scheme (ETS).
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Labor Inspectorate: 1.75 Million Labor Contracts Terminated In Romania Since Onset Of COVID-19 Pandemic 11.27.2020
The number of labor contracts terminated in Romania since March 16, 2020, when the country declared the state of emergency, has reached nearly 1.75... more
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Former NN Pensii Chief Raluca Tintoiu Wins Case Against Financial Regulator 11.27.2020
Raluca Tintoiu, the former general manager of NN Pensii who decided to warn the fund's 1.9 million contributors in 2017 over political decisions... more
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Romania Expects EUR3B Tranche of EUR4.1B SURE Loan 11.25.2020
Romania will be receiving a first tranche of EUR3 billion from a European Union loan under the SURE support instrument, finance minister Florin... more
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EC Approves EUR4.4M Romanian Aid Scheme to Compensate Regional Airport Operators 11.23.2020
The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million) Romanian aid scheme... more
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EC Approves EUR1.7M Romanian Aid Scheme For Airlines Starting Or Resuming Operations At Sibiu Airport 11.20.2020
The European Commission announced Friday it has approved a scheme aimed at granting subsidies for airlines resuming or starting flights to and from... more
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European Commission Approves EUR12.4M Financing For Coronavirus-Hit Winemakers In Romania 11.20.2020
The European Commission announced Friday it has approved a EUR12.4 million scheme aimed at supporting Romanian winemakers affected by the... more
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Jan Kees Martijn Appointed IMF Mission Chief for Romania 11.20.2020
The International Monetary fund has appointed Jan Kees Martijn as the new mission chief for Romania, starting November 19, the representative... more
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Romania Plans EUR22B Investments in Energy Sector by 2030 11.19.2020
Romania plans to invest over EUR22 billion in its energy sector in the next ten years, according to the country's draft energy strategy for the... more
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Government Approves Memorandum on CE Oltenia State Aid 11.19.2020
Romania's government has approved a memorandum to include EUR1.3 billion state aid for the restructuring of energy holding CE Oltenia in the... more
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Romania Launches Second Issue of Bonds in Lei and Euro for General Population 11.06.2020
Romania's finance ministry returns to the capital market with three new issues of government bonds for retail investors, following the success of... more
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Romania Signs Financing Contract for Subway Line to Bucharest International Airport 11.05.2020
Romania's transport ministry and subway company Metrorex have signed a financing contract for a 14.2 kilometer subway line linking the existing... more
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BestJobs: Romania Job Market Stays Active; Applications Up 73% in October 10.30.2020
Companies had 73% more job applications for open positions in October compared with October 2019 and 5% more compared with September, data from... more
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Romania Won't Shut Down Its Economy Again, Says Finance Minister 10.29.2020
Romania will not shut down its economy as it did during the two-month state of emergency in spring, finance minister Florin Citu said Thursday in a... more
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Romania to Sign $8B Financing Agreement with US for Cernavoda Nuclear Reactors 10.09.2020
Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the building of... more
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Romaero Becomes Global Supplier for Patriot Defense System 10.06.2020
Raytheon Missiles & Defense, one of four businesses of Raytheon Technologies, has placed an order to Romanian aircraft parts maker Romaero for the... more
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Romanian Government Granted RON664M State Aid in Past 11 Months 10.02.2020
Romania's finance ministry has granted state aid to companies in the past 11 months totaling RON664 million for 21 projects with a major impact on... more
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Romania Gets EUR4B Loan from EU to Protect Citizens Affected by COVID 19 10.02.2020
Romania is borrowing EUR4 billion from the European Union to protect citizens affected by the COVID 19 crisis. The government will use the money to... more
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Romanian Government Plans New Budget Revision by Year-End 09.30.2020
Romania's liberal government is planning a new budget revision by the end of this year and the 2021 state budget will be approved by the future... more
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EC Approves EUR550M of Cohesion Policy Funds to Support SMEs in Romania 09.28.2020
The European Commission will redirect EUR550 million cohesion policy funding to help over 120,000 Romanian SMEs affected by the coronavirus crisis. more
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Romanian Regional Airports Get RON22M State Aid to Cover Pandemic Losses 09.25.2020
Romania's regional airports in Cluj, Iasi, Sibiu, Craiova and Bacau will receive state aid totaling RON22.2 million to compensate for losses... more
Fondul Proprietatea (FP.RO), which owns 20% in state-owned power producer Hidroelectrica, said Tuesday the government shouldn't approve
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The global economy is projected to decline by 4.9% in 2020, the International Monetary Fund said in its June 2020 latest World
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New commercial vehicle registrations in Romania declined by 42.5% in May 2020 compared with May 2019, and by 40.5% year-over-year in
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Around 60,000 employees in the Romanian auto industry, accounting for roughly a quarter of the total, remain on furlough due to low
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Romania ranks last but one in the European Union with just 11.1% of waste recycled in 2018 compared with a EU average of 47.2%,
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Romania's natural gas transmission company Transgaz (TGN.RO) plans to borrow RON300 million for a two-year period to finance its
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Grocery retail chain Profi, held by buyout investor Mid Europa Partners, continues its expansion at a regular pace, despite the
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Blue Air, Romania's largest private airline, said Monday it was entering safeguard procedures to continue its activity and avoid
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A study conducted by agricultural cooperative Cooperativa Tara Mea in July 2020 shows Romania’s vegetable imports grew in 2019,
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Romanian Households Reach Net Wealth of RON2,157B in 2019
Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%, central bank data showed.
