August 27, 2014

Finance Ministry borrows RON 30 M from commercial banks
Aug 27, 2014

Finance Ministry borrows RON 30 M from commercial banks.
The Public Finances Ministry on Tuesday borrowed 30 million lei from the local banks, the amount being additional to Monday’s bond auctioning, when the ministry raised 200 million lei at 4.28 percent yield. Five banks bid a combined 55.9 million lei at Tuesday’s non-competitive offer session, the (...)
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System developed by Romanians secures customs around the world, except at home Over 60 customs around the world are secured with the help of a system developed by Romanian IT specialists. Countries such as UK, Switzerland and Germany are using the system developed by several Romanians, but ironically, Romania does not use this system, reports Programmers from (...)

Expat takes helm of household appliance producer after Romanian GM promoted internationally Hasan Ali Yardimci is the new general manager of Arctic, one of the largest household appliance producers in Romania, starting with October this year. Yardimci replaced Monica Iavorschi, who has been promoted international marketing director within the group that owns Arctic, Arçelik Group. (...)

Large real estate investors in Romania ponders euro-bond issue South-African investment fund New Europe Property Investments (NEPI), one of the largest real estate investors in Romania, plans to issue euro-denominated corporate bonds to attract financing. The fund has commissioned Deutsche Bank, Investec and Raiffeisen Bank International to set up a series (...)

Romania could switch from gas and fuel oil to electricity for household heating Electricity could replace natural gas and fuel oil as an energy source for household heating in Romania, said energy minister Razvan Nicolescu quoted by Mediafax newswire. Using electricity for heating could be in Romania’s new energy strategy, which should be ready in November this year. (...)

Clinic owner gets 3 years in jail in human egg cell trafficking case in Romania The High Court of Cassation and Justice sentenced Harry Mironescu, the owner of Sabyc clinic, and doctors Natan Lewit and Genia Ziskind, as well as Cecilia Borza and Yair Miron, to three years in prison each, without parole, for human egg trafficking. Victor Zota, former director of the (...)

Romanian M&A market witnesses drop The Romanian market of mergers and acquisitions has slightly dropped in the first half of 2014, compared to the same period the previous year, according to the EY M&A Barometer Romania H1 2014. Unlike Romania, most countries in Central and Southeast Europe (CSE) experienced an increase in (...)

Energy minister: Romania has already spent EUR 1 bln on new reactors, won't cancel the project The project to build reactors 3 and 4 of the Cernavoda Nuclear Power Plant will continue no matter what, as more than EUR 1 billion was invested so far in this project and no one will decide to abandon it, said energy minister Razvan Nicolescu. He said that there are partners interested in this (...) : all romanian news. Copyright © DIRECTWAY | RSS Romaniapress NEWSNews RSS |