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May 21, 2020

Huawei: A Year and Beyond
May 21, 2020

Huawei: A Year and Beyond.

Huawei held its 17th annual Global Analyst Summit in Shenzhen, both onsite and online. At the event, Huawei was joined by over 2,000 analysts, key opinion leaders, and media representatives from a range of industries, including telecoms, the Internet, and finance. Together, they discussed how (...)

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Health Ministry to launch this month a national study to determine spread of COVID-19 in Romania Almost 30,000 people will be tested in a seroprevalence study to be carried out in Romania between June and September 2020. The Health Ministry announced on Tuesday, June 2, that it has finalized the order approving this study. The study is meant to determine how the new coronavirus has spread (...)

Romanian SocDems want to block the sale of state-owned companies for two years Romania‚Äôs Social Democratic Party (PSD), the biggest party by number of seats in the Parliament, plans to block the sale of stakes in state-owned companies for two years. The Senate has already passed a bill promoted by PSD with this purpose, Hotnews.ro reported. The Chamber of Deputies has the (...)

Romanian oil industry association argues against state's control on concession contracts The Romanian Association of Oil Exploration and Production Companies (ROPEPCA) has asked the Government to revise the discretionary right of the state agency to refuse or terminate oil field concession contracts with non-EU companies on national security grounds. ROPEPCA argues that such a (...)

Study: Most Romanian gas suppliers ask high prices along market liberalisation in July Romanian natural gas suppliers started negotiations with households from rather high prices, as the wholesale price of gas has dropped recently, and the retail market will be liberalized in July. The two main gas suppliers asked Romanian households to pay 14% (E.ON Energie) and 7% (Engie) (...)

Swedish group builds another plastic parts factory in Romania Swedish group Rosti has rented 11,300 sqm of industrial spaces near Ploiesti in southern Romania for a new plastics parts factory for the automotive industry. The project will be completed in 2021. At the end of last year, Rosti announced plans to increase its production capacity in Romania, (...)

Continental begins EUR 33 mln expansion of its Romanian R&D centre German group Continental, the largest manufacturer of automotive components in Romania, started the EUR 33 million expansion of its research and development center in Timisoara, in the western part of the country. The building, which will have a total area of over 26,000 sqm, has been designed (...)

Eurobonds push up Romania's official reserves at end-May The foreign exchange reserves held by Romania's National Bank (BNR) rose by 7.5% or nearly EUR 2.5 billion in May, to EUR 35.65 bln at the end of the month. Forex inflows hit EUR 8.0 bln in the month, out of which EUR 3.3 bln stands for the Eurobond issue. Transfers from the European Union's (...)

 

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