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Olteanu: Romania Should Encourage Savings To Pare Down Deleveraging
Banks-Insurance

Olteanu: Romania Should Encourage Savings To Pare Down Deleveraging

The lending resources of Romanian banks can be increased by implementing policies to reduce the budget deficit and encourage savings, a central bank official said Wednesday.

Florentina Dragu · 27.11.2013 · 13:27 · 1 min
Car Production In First 10 Months Higher Than 2012 Figure, Despite Slowdown Since August
Automotive

Car Production In First 10 Months Higher Than 2012 Figure, Despite Slowdown Since August

Car production in Romania has been going down for three months now, and only Dacia somewhat rebounded in October, while Ford’s decline is getting worse. Does the target of 400,000 cars manuf...

Oana Gavrila · 27.11.2013 · 07:27 · 1 min
Romania Approves Several Oil Concession Agreements With East West Petroleum
Energy

Romania Approves Several Oil Concession Agreements With East West Petroleum

Romania’s government has approved several oil concession agreements in the perimeters Baile Felix, Biled, and Periam, agreements between the country’s National Mineral Resources Agency (ANRM...

Oana Gavrila · 26.11.2013 · 15:59 · 1 min
Tarnita Project Company May Include Only State-Run Energy Producers At First
Energy

Tarnita Project Company May Include Only State-Run Energy Producers At First

The project company to develop a hydropower plant in Tarnita-Lapustesti, northwestern Romania, may include, for starters, all large energy producers owned by the state.

Ioana Tudor · 26.11.2013 · 15:46 · 1 min
China To Invest EUR5B In Romanian Energy Projects - Minister
Energy

China To Invest EUR5B In Romanian Energy Projects - Minister

Romania’s minister-delegate for Energy Constantin Nita said Tuesday that Chinese investors have pledged total financing worth EUR5 billion for local energy projects.

Florentina Dragu · 26.11.2013 · 15:22 · 1 min
Norwegian Group Blom Sells Romanian Subsidiary For EUR2.1M
Companies

Norwegian Group Blom Sells Romanian Subsidiary For EUR2.1M

Danish company Rambøll took over geospatial services provider Blom Romania from Norwegian group Blom for EUR2.1 million.

Ioana Tudor · 26.11.2013 · 14:45 · 1 min
Sanador Invests EUR1M In Cardiovascular Surgery Unit In Its Bucharest Hospital
Health

Sanador Invests EUR1M In Cardiovascular Surgery Unit In Its Bucharest Hospital

Private healthcare company Sanador inaugurated on Tuesday a cardiovascular surgery unit at its hospital in Bucharest, following an investment of EUR1 million.

Oana Gavrila · 26.11.2013 · 13:58 · 1 min
China Looking To Spend Up To $10B On Infrastructure, Energy Projects In CEE
Macroeconomics

China Looking To Spend Up To $10B On Infrastructure, Energy Projects In CEE

China is ready to explore with European Union countries various ways to use a special $10 billion financing line to support infrastructure and energy projects in central and eastern Europe,...

Florentina Dragu · 26.11.2013 · 13:04 · 1 min
Chinese PM: China, CEE Countries Must Double Trade In Next Five Years
Social/Politics

Chinese PM: China, CEE Countries Must Double Trade In Next Five Years

Trade between China and countries in Central and Eastern Europe (CEE) must double in the next five years, as its value is still low, Chinese Prime Minister Li Keqiang said Tuesday in Buchare...

Ioana Tudor · 26.11.2013 · 12:54 · 1 min