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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NEPI Willing to Buy Romexpo Land in Bucharest 09.03.2020
South-African investment fund NEPI, the biggest shopping mall owner in Romania, said it was willing to buy the 46-hectare land at Romexpo in... more
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EC Approves EUR875M Investment for Romania's Sibiu-Pitesti Motorway 09.03.2020
The European Commission has approved an investment from the Cohesion Fund worth EUR875.5 million to build the first stage of the Sibiu-Pitesti... more
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Romania Budget Gap Widens to 4.7% in January-July 08.26.2020
Romania's general consolidated budget posted a deficit of RON49.68 billion in January-July, or 4.7% of the gross domestic product, finance ministry... more
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Fitch: Romanian Pensions and Politics are Key to Fiscal Prospects 08.26.2020
The Romanian government's proposed 14% pension increase from September would reduce the challenge of consolidating public finances compared with... more
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Romanian Government To Raise Pensions By 14% Despite Economic Downturn 08.14.2020
Romania's liberal government plans to raise pensions by 14% this year through a budget revision decree it will debate Friday, prime minister... more
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Romanian Government Revises 2020 Budget Gap Target to 8.6% from 6.7% 08.14.2020
Romania's government has revised its budget deficit target for 2020 to 8.6% of the gross domestic product from a previous projection of 6.7% of... more
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Fidelis Government Bonds Start Trading on Bucharest Stock Market 08.13.2020
Government bonds for population in the Fidelis issue start trading on the Bucharest Stock Exchange Thursday. more
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Unifarm Spent RON1.5B on Unauthorized Covid-Related Acquisitions 08.11.2020
Romania’s state-owned medical supplier Unifarm made unauthorized acquisitions for hospitals during the state of emergency amounting to RON1.5... more
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Romanian Airline Tarom To Slash Up To 700 Jobs 08.10.2020
Romanian state-owned airline Tarom plans to slash up to 700 jobs in a restructuring process that is set to start in two weeks, as the company's... more
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National Employment Agency Attracts Over EUR294M In EU Funds To Support Furlough Measures 08.07.2020
The National Employment Agency (ANOFM) said in a press statement that it has managed to attract European funds worth over EUR294 million in order... more
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EC Approves EUR1M State Aid to Timisoara Airport 08.06.2020
The European Commission has approved a direct grant of approximately RON4.8 million (around EUR1 million) to Timisoara Airport to compensate for... more
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Dutch Shipbuilder Damen To Cut 870 Jobs in Romania 08.05.2020
Dutch shipbuilder Damen is cutting its workforce by 1,050 jobs, mostly in its Galati and Mangalia shipyards in Romania, citing the impact of the... more
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Only 6% Of Romanians Say Their Income Ensure A Financially Carefree Lifestyle, Survey Shows 08.05.2020
Only 6% of Romanians say their current income ensure a financially carefree lifestyle and a little over 14% keep an in-depth written record of... more
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Romania Raises RON700M in July from Bond Sales to General Population 08.04.2020
Romanians invested RON700 million throughout July in bond sales to the general population, the finance ministry said Tuesday. more
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Romania Seeks to Invest EUR800M in 7 Years to Expand Natural Gas Network 07.31.2020
Romania's government plans to invest EUR800 million in the next seven years (2021-2027) to expand the country's natural gas network, according to a... more
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EC Approves EUR1M Romanian Aid Scheme for Airlines Starting or Resuming Operations at Oradea Airport 07.28.2020
The European Commission announced Tuesday it has approved a EUR1 million Romanian scheme for those airlines resuming or starting flights to and... more
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Revamped Mortgage Lending Program Doubles Loan Cap, Triples Down Payment for New Builds 07.23.2020
The revamped version of Romania's subsidized mortgage lending program, pending government approval, doubles the loan cap for newly-built housing to... more
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Romania Secures EUR80B From The EU For Economic Recovery, Infrastructure Development 07.22.2020
Romania will receive EUR79.9 billion from the European Union for economic recovery and infrastructure development, President Klaus Iohannis... more
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Eurostat: 54% Of Romanians Unable To Afford A One-Week Annual Holiday In 2019 07.20.2020
54% of Romanians were unable to afford a one-week annual holiday in 2019, nearly double compared to 29% of residents of EU Member States aged 16 or... more
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Smithfield Closes Timis Processing Plant for a Week after Major COVID-19 Outbreak 07.20.2020
Smithfield Romania has closed its biggest processing plant in the country, in Timis county, western Romania, after 93 of its employees tested... 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.
